NETSOL Technologies (NASDAQ:NTWK) reported quarterly earnings of $0.03 per share. This is a 86.96 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $15.46 million in sales this quarter. This is a 14.50 percent increase over sales of $13.51 million the same period last year.
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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
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10-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results. Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Charles Schwab shares dipped 7.5% to $69.42 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results. Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global l
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 a major automaker to transform its US dealership operations. The $16 million, five-year contract is for the customization, implementation, deployment, and ongoing SaaS subscription of Otoz, NETSOL's omnichannel digital retail platform.
ENCINO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has announced that a renowned provider of automotive financial services across China and longstanding partner of the Company has gone live with NETSOL's Transcend Finance Platform as part of a multimillion-dollar agreement. The Guangzhou-based customer, who has been a partner of NETSOL since 2009, decided to upgrade to the Company's Transcend Finance Platform to upgrade and manage their retail and wholesale operations. This includes Omni Point of Sale (Omni POS) and Contract Management System (CMS)
ENCINO, Calif., Oct. 11, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, announced today that Najeeb Ghauri, Co-Founder, Chairman, and Chief Executive Officer, and Erik Wagner, Chief Marketing Officer, will attend The ThinkEquity Conference at the Mandarin Oriental Hotel in New York City on Wednesday, October 30, 2024. Mr. Ghauri and Mr. Wagner will present at the conference and be available for one-on-one meetings throughout the day. NETSOL is scheduled to present at 3:30 pm ET at the Lotus Suite East. To access a live webcast of the presentation, please use this link:
ENCINO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, announced today its new unified Transcend Platform – an AI-powered digital retail and asset finance solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions. The new NETSOL Transcend Platform offers a robust set of products and solutions under one umbrella, showcasing the company's commitment to harnessing the transformative potential of Artificial Intelligence (AI). "As we have transitioned into the next era of technology with AI at
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