Dilligent Board Member Service INC

Monday 8th October 2012 1 Comment

Software company Diligent 's dramatic growth in sales and revenues in the first half of 2012 is a reflection of the accelerating global market demand for the Diligent Boardbooks product.

As previously reported, Diligent's second-quarter sales nearly tripled to US$10.1 million compared with US$3.7 million in the same quarter last year.

That took first-half sales to US$18.3 million, up from US$6.6 million last year. The software-as-a-service (Saas) company was also generated US$9.18 million in operating cash flow in the six months, taking cash at June 30 to US$17.16 million.

The strong cash flow was evidence of management's focus on cost control. Diligent's operating margins continued to improve through the first half, which is a clear indication that the company is generating new revenues efficiently.

Diligent remains well positioned to continue to further expand its business operations as we believe that, increasingly, more companies throughout the world recognize the value of the Boardbooks product.

As the company grows, it will also work to improve operating efficiencies and increase profitability. In the past three year, its share price had rised more than 6.3 times, which is forming a steady uptrend .

Today, Diligent share is trading at $3.80, three years ago its share price is around $0.52.

Comments from our readers

On 8 October 2012 at 3:40 pm Bob said:

It should hit $5.00 plus by the end of the year if its not brought out by then which will happen in time.Then watch the price shot up.