Diligent Board Member Services, which provides software for company directors, continued its sales growth, chalking up a new record in the March quarter and recording its third successive operating profit. Its shares rose to a record high.
Diligent said first quarter sales of US$8.2 million ($10 million) compared with US$3
million in the same three months of 2011 and nearly equal to its revenue for all of calendar 2010. It also compares with US$6.5 million in the December quarter.
The software-as-a-service (Saas) company added 205 new clients in the latest quarter, up from 64 in the year-earlier quarter, including 65 companies listed on the New York Stock Exchange and 32 Nasdaq companies, it said.
Annualised sales, or likely recurring sales, at the end of the quarter totalled US$32.4 million.
Diligent, which held its annual shareholders' meeting in Auckland yesterday, said its cashflow position also improved by more than US$3.2 million to US$12.2 million at March 31.
