NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator. The company also provides mobility orchestration system products covering a suite of agile and configurable solutions that includes car-sharing and subscription products for use in back and front office applications; artificial intelligence models; and Super App, a platform comprising various customer journeys, such as car-share, car subscription, rentals, airport transfers, digital retail, and others. In addition, it offers LeasePak CMS that streamlines the lease and loan management lifecycle; LeasePak software-as-a-service to small and mid-sized leasing and finance companies; LeaseSoft, a lease and finance system for funder market; and LoanSoft for consumer loan market. Further, the company provides system integration, consulting, and IT products and services. It serves blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 manufacturers and financial institutions, vehicle manufacturers, and enterprise technology providers. NetSol Technologies, Inc. was founded in 1997 and is headquartered in Calabasas, California.
IPO Year:
Exchange: NASDAQ
Website: netsoltech.com
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Total net revenues for Q3'25 increased by 13%, reaching $17.5 million, when compared with Q3'24.Total service revenue increased 24% in Q3'25, reaching $9.7 million, when compared with Q3,'24.Total subscription (SaaS and Cloud) and support revenues increased 10% to $7.9 million, compared to $7.1 million in the prior year period.Net profit for Q3'2025 was $1.4 million. ENCINO, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the third fiscal quarter ended March 31, 2025. "We delivered solid performance in the third quarter, with strong
ENCINO, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Wednesday, May 14, 2025, at 9:00 AM ET to discuss its financial results for the fiscal third quarter of 2025 (ended March 31, 2025). Following the call, management will host a question-and-answer session. Date: Wednesday, May 14, 2025 Time: 9:00 AM Eastern Time (6:00 AM Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 The conference call will also be broadcast live and available for replay here, along with additional replay access being provided through the company
ENCINO, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has signed a contract with a Chinese leasing company – marking the customer's expansion into the Indonesian market. The company specializes in providing a variety of leasing solutions across multiple industries, with a particular emphasis on equipment leasing, asset financing and commercial leasing. The agreement signing is for the deployment of NETSOL's Transcend Finance, comprising its Omni Point of Sale (Omni POS) and Contract Management System (CMS). Omni POS is a highly agile, easy-to-use appl
ENCINO, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and asset finance solutions provider, has announced the appointment of Dario Morelli as Vice President of Artificial Intelligence. Based in the United Kingdom, in this key position, Morelli will lead NETSOL's recently launched Transcend AI Labs – its new innovation hub for AI-driven automation, consulting and product development. This strategic hire underscores the company's commitment to advancing its AI-first approach and reinforcing its position at the forefront of innovation in the asset finance and leasing sector. As a business leader and AI strategist with over 15
ENCINO, Calif., March 13, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and asset finance solutions provider, has announced the launch of Transcend AI Labs. This new AI innovation hub empowers automotive and equipment OEMs, dealerships and financiers with AI-driven innovation, automation and consulting services for a competitive edge. Transcend AI Labs is focused on product enhancements and AI consulting services. The Transcend AI Labs launch features an interactive AI Assistant and Intelligent Document Processing (IDP) designed to boost efficiencies and enhance decision-making. These solutions are available as standalone tools or as integrat
ENCINO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has signed an agreement with Sindbad Management SPC – A major Muscat-based company which provides big-ticket asset financing and leasing covering various asset types such as marine vessels, aircrafts, machinery and other equipment, alongside vehicles in Oman and other countries. The contract signing is for the deployment of NETSOL's Transcend Finance, which includes Point-of-Sale, Credit Underwriting and Contract Management covering end-to-end operations. The customer chose a scalable pricing model
Double digit growth in subscription and support revenues in 2Q'25Total service revenue increased 26% in 2Q'2545% gross margins in 2Q'25Cash and cash equivalents increased to $21.3 million ENCINO, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the second fiscal quarter and six months ended December 31, 2024. Najeeb Ghauri, Co-Founder, Chief Executive Officer, and Chairman of NETSOL Technologies Inc., commented, "Our second quarter of fiscal 2025 was highlighted by strong growth in recurring revenues which have been a key strategic f
ENCINO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Thursday, February 13, 2025, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal second quarter of 2025 ended December 31, 2024. Following the call, management will host a question-and-answer session. Date: Thursday, February 13, 2025Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 Please call the conference telephone number 10 minutes prior to the start time and provide the
ENCINO, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and asset finance solutions provider, has announced the go-live of its Transcend Finance Platform for a leading Japanese equipment finance company in Australia. NETSOL announced a multi-million dollar agreement with this customer in February 2023 for the implementation of NETSOL's Transcend Finance, which includes Omni Point-of-Sale (Omni POS) and Contract Management System (CMS) soutions. The Osaka-based customer is currently live with NETSOL's solutions for its financial division in New Zealand. The customer offers products and technologies in various fields, including t
ENCINO, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and asset finance solutions provider, today announced that Amanda Li Linjie, President of NETSOL China, has received two prestigious awards recognizing outstanding performance in the Chinese finance and leasing industry. On November 22, Ms. Li Linjie was honored with the Automotive Finance New Productivity Innovation Pioneer Award at the China Auto Finance and Industry Development Competitiveness Forum 2024 held in Shanghai. This important recognition highlights the outstanding contributions made by Ms. Li Linjie and NETSOL China to the innovation of China's automotive fin
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Total net revenues for Q3'25 increased by 13%, reaching $17.5 million, when compared with Q3'24.Total service revenue increased 24% in Q3'25, reaching $9.7 million, when compared with Q3,'24.Total subscription (SaaS and Cloud) and support revenues increased 10% to $7.9 million, compared to $7.1 million in the prior year period.Net profit for Q3'2025 was $1.4 million. ENCINO, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the third fiscal quarter ended March 31, 2025. "We delivered solid performance in the third quarter, with strong
ENCINO, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Wednesday, May 14, 2025, at 9:00 AM ET to discuss its financial results for the fiscal third quarter of 2025 (ended March 31, 2025). Following the call, management will host a question-and-answer session. Date: Wednesday, May 14, 2025 Time: 9:00 AM Eastern Time (6:00 AM Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 The conference call will also be broadcast live and available for replay here, along with additional replay access being provided through the company
Double digit growth in subscription and support revenues in 2Q'25Total service revenue increased 26% in 2Q'2545% gross margins in 2Q'25Cash and cash equivalents increased to $21.3 million ENCINO, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the second fiscal quarter and six months ended December 31, 2024. Najeeb Ghauri, Co-Founder, Chief Executive Officer, and Chairman of NETSOL Technologies Inc., commented, "Our second quarter of fiscal 2025 was highlighted by strong growth in recurring revenues which have been a key strategic f
ENCINO, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Thursday, February 13, 2025, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal second quarter of 2025 ended December 31, 2024. Following the call, management will host a question-and-answer session. Date: Thursday, February 13, 2025Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 Please call the conference telephone number 10 minutes prior to the start time and provide the
3% increase in 1Q'25 total net revenues to $14.6 million26% increase in 1Q'25 subscription and support revenues to $8.2 million45% gross margins in 1Q'25Net income in 1Q'25 of $71,000 building on FY'24 profitabilityCash and cash equivalents increased to $24.5 millionSigned expansion agreement with major automaker in China increasing contract value to over $30 millionSigned $16 million agreement with major automaker in the United States ENCINO, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the fiscal first quarter of 2025 ended September 30, 2024. Najeeb Ghauri, Co-F
ENCINO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Wednesday, November 13, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal first quarter of 2025 ended September 30, 2024. Following the call, management will host a question-and-answer session. Date: Wednesday, November 13, 2024Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 Please call the conference telephone number 10 minutes prior to the start time and provide the op
FY'24 Total Revenue Increase 17% to $61.4 million exceeding target revenue range of $60 - $61 millionQ4' 24 Gross Margins of 52% increased from 35% in 4Q' 23; FY' 24 Gross Margins of 48% increased from 32% in FY '23FY'24 Operating Income of $3.5 million from a loss of $(8.8 million) last year$0.06 earnings per share in FY' 24 compared with a loss of $(0.46) per share in FY' 2310% increase in Subscription and Support revenues to $7.5 million in 4Q' 24; Annual Recurring Revenues of $28 million meets FY' 24 target ENCINO, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported res
ENCINO, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Tuesday, October 1, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal fourth quarter and full year ended June 30, 2024. Following the call, management will host a question-and-answer session. Date: Tuesday, October 1, 2024Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 201-689-8562 Please call the conference telephone number 10 minutes prior to the start time and provide the operato
14% increase in Total Revenues to $15.5 million in 3Q ‘2460% increase in 3Q ‘24 Services Revenues to $7.8 million compared to 3Q ‘233Q ‘24 Gross Margins of 48% increased from 35% in 3Q '23Third consecutive quarter of profitabilityOn pace to meet target revenue range of $60 - $61 million for FY ‘24Targeting FY '24 Subscription and Support Revenue of $28 millionEstablish AI integration as major company wide initiative ENCINO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the third quarter and nine months of fiscal 2024 ended March 31, 2024. Najeeb Ghauri, Co-Founder an
ENCINO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, today announced that it will postpone the release of its financial results and conference call related to the fiscal third quarter of 2024 ended March 31, 2024, which had previously been scheduled for Thursday, May 9. The Company now expects to hold a conference call on Monday, May 20, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal third quarter of 2024 ended March 31, 2024. Financial results will be issued in a press release prior to the call. Following the call, management wi
ENCINO, Calif., March 25, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and asset finance solutions provider, has announced the appointment of Dario Morelli as Vice President of Artificial Intelligence. Based in the United Kingdom, in this key position, Morelli will lead NETSOL's recently launched Transcend AI Labs – its new innovation hub for AI-driven automation, consulting and product development. This strategic hire underscores the company's commitment to advancing its AI-first approach and reinforcing its position at the forefront of innovation in the asset finance and leasing sector. As a business leader and AI strategist with over 15
ENCINO, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, today announced the appointment of Jason Hurwitz as Sales Director of Europe. In this pivotal role, he will be responsible for driving the sales strategy and fostering growth across NETSOL's innovative portfolio of products and services for the European region. With an impressive background in the banking sector, Mr. Hurwitz brings a wealth of expertise to NETSOL Technologies. Most recently, Mr. Hurwitz worked with Aldermore Bank for nearly six years, where he was the product lead for a large group wide transformation program.
ENCINO, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies (NASDAQ:NTWK), a global leader in SaaS solutions and IT services, today announced the appointment of Erik Wagner as its first Chief Marketing Officer (CMO). This strategic move underscores NETSOL's commitment to bolstering its global marketing initiatives and driving further growth in its specialized sectors. Wagner brings a wealth of experience, with over 16 years in the marketing field at growth-oriented companies. After seven years leading client services for Volacci, Erik joined Lifesize, a SaaS video conferencing company where he oversaw global demand generation and the launch of Lifesize Cloud, which grew to over
ENCINO, Calif., May 23, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, today announced the appointment of Darryll Lewis as its new Managing Director of NETSOL Technologies Europe. With over twenty years in the receivables and asset finance software industry, Mr. Lewis is a highly experienced and accomplished leader with a track record of driving business growth and creating innovative solutions for clients. Prior to joining NETSOL, Mr. Lewis has held executive roles at several leading asset finance software companies where he led teams responsible for developing and implementing successful softwa
CALABASAS, Calif., April 22, 2021 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ: NTWK), a global business services and enterprise application solutions provider, has appointed James Freto as its new Vice President of Sales for NETSOL Technologies Americas ("NTA"), effective April 1, 2021. In this new role Freto will be responsible for developing the sales, customer relationship management, market development and growth of NETSOL products and services across North America. He will report directly to NTA Executive Vice President Peter Minshall. Prior to his appointment, Freto had been working for Fortune 500 financial product and services provider FIS as a Senior Sales Executive, se
Despite COVID-19 Related Challenges, Topline Improved Sequentially, Driven by Notable New Contract Signings, Ongoing Implementations Globally, Increased Demand within Existing Customer Base Steady, Double-Digit, Subscription and Support Revenue Growth from $5.1 Million to $5.7 Million Leading to $23+ Million Run Rate Over Coming Twelve Months with Opportunities for UpsideRecurring Revenue Growth Accelerated by Further Cloud Adoption and Major Go Live Events as Customers Continue to Automate And Transform Business Processes In Response to Pandemic Long-Term Growth Outlook Aided by Ongoing Financial and Operational Improvement Through the Balance of Fiscal 2021, Partnership Pilots Through Otoz
CALABASAS, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK) a global business services and enterprise application solutions provider, has appointed Co-Founder, President of Global Sales and CEO of Otoz Naeem Ghauri, to serve as President of NETSOL Technologies, Inc. (NTI), effective immediately. This newly created role will oversee company operations both domestically and internationally with reporting duties directly to the Chairman and CEO. As President of NTI, Ghauri will be responsible for P&L for all subsidiaries as well as developing a cohesive strategy to market the Company’s core business and new, innovative solutions. In his more than 20 yea
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