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
- Carry on: Qatar cuts back on A350, Singapore-Air France deal and more
- Sky shares tank on subscriber warning
- MARKET CLOSE: NZ shares advance after RBA inflation forecast lures investors to equities
- Why we care about resignations at a TV company
- RMA reforms running into heavy weather at select committee
Most listened to
- Listen to the week’s top business news on NBR Radio’s week in review
- Prime Minister John Key would be better off doing the things he tells people he will do, says Matthew Hooton
- Paula Bennett is “thrilled” by the ban on three Wicked Camper vans, says Rodney Hide
- Michael Wigley says Uber may have inadvertently opened itself to action under competition law
- Tim Hunter on the Z Energy-Chevron deal