Diligent posts 14% annual profit decline as marketing, R&D spend rises

Sun, 28 Feb 2016

By Paul McBeth Feb. 29 (BusinessDesk) - Diligent Corp, the governance software app developer under a takeover offer, posted a 14 percent decline in annual profit as it ramped up spending on marketing and research and development. The New York-based, NZX-listed company reported net profit after minorities of US$7.8 million, or 6 cents per share, in calendar 2015, down from US$8.6 million, or 7 cents a year earlier, it said in a statement. Revenue climbed 20 percent to US$99.3 million as the company lifted net client agreements by 30 perce...

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