The share price of Diligent Board Member Services [NZX:DIL] rose as much as 2 percent after the provider of software for company directors posted record sales in 2012.
Diligent says fourth-quarter new sales of $US6.4 million ($NZ7.6 million) took annual new sales to $US26.3 million, a 66 percent increase over the previous year.
The Asia-Pacific region experienced exceptional growth in the quarter, notching up a 398 percent rise on the same quarter last year.
Total revenue of $US13.6 million in the quarter took full-year revenue to $US43.7 million, up 143 percent on the prior year.
Revenue from client upgrades totalled $US1.8 million in the fourth quarter and $US6.8 million in the year.
The client retention rate for 2012 was 97 percent.
The software-as-a-service (Saas) company added 193 new clients in the fourth quarter, down from 203 in the same quarter last year but new client agreements for the year were up at 782 from 570 in the previous year.
The company now has 52,000 users worldwide.
Diligent had cash balances of $US33.4 million at year-end, up from $US9 million the previous year.
"We look forward to delivering another year of strong performance and value to our clients and shareholders in 2013," the company says.
Diligent shares rose as high as $5.60, a cent below the record set on December 27. The shares were last trading up 8c at $5.53, up from $2.35 a year ago.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Veritas slumps into loss on Mad Butcher write-offs and Nosh disappointment
- Judge failed to go into case with open mind – Megaupload lawyer
- MARKET CLOSE: NZ shares fall; Chorus, A2, Genesis drop, Auckland Airport gains
- Lion countersues over A2 milk marketing
- Analysts revise down Air NZ share price and earnings targets
Most listened to
- Chorus CEO Mark Ratcliffe on why he's leaving and the regulatory regime
- “The issues are so enormous that it all seems completely overwhelming,” says Rod Oram. “But there is movement.”
- Xero's CFO Sankar Narayan on competitors MYOB and Intuit's results
- Craigs' Mark Lister on the Federal Reserve giving the Reserve Bank a breather
- Parliamentary silly buggers is starting to dominate the activity and effort of John Key’s government, says Rob Hosking