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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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., April 25, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Thursday, May 9, 2024, 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 will host a question-and-answer session. Date: Thursday, May 9, 2024Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 800-343-4849International Dial-In: 203-518-9848 Please call the conference telephone number
Strong licensing fees and increased recurring revenues2Q ‘24 Gross Margins of 47% up from 25% in 2Q' 23Company on track for strong double digit organic revenue growth and profitability in fiscal 2024 ENCINO, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, reported results for the fiscal second quarter of 2024 ended December 31, 2023. Fiscal Second Quarter 2024 Financial Results Total net revenues for the second quarter of fiscal 2024 increased 23% to $15.2 million, compared with $12.4 million in the prior year period. On a constant currency basis, total n
ENCINO, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Tuesday, February 13, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal second quarter of 2024 ended December 31, 2023. Financial results will be issued in a press release prior to the call. Following the call, management will host a question-and-answer session. Date: Tuesday, February 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
Net Revenue for the Quarter Grew 12% to $14.2 MillionSaaS and Annual recurring Revenues Continue to Grow Year Over YearGross Margins Increased to 43% and Company Reports Net Profit ENCINO, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, reported results for the fiscal first quarter ended September 30, 2023. Fiscal First Quarter 2024 Financial Results Total net revenues for the first quarter of fiscal 2024 increased 12% to $14.2 million, compared with $12.7 million in the prior year period. On a constant currency basis, total net revenues were $14.3 millio
8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
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8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
10-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
8-K - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
10-Q - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
NT 10-Q - NETSOL TECHNOLOGIES INC (0001039280) (Filer)
ENCINO, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, today announced that management will be participating in the iAccess Alpha Virtual Best Ideas Winter Conference 2024 on December 10 and 11, 2024. Management will deliver a company presentation at 12 noon ET on December 10, followed by one-on-one meetings with investors on December 11. For more information about the iAccess Alpha Virtual Best Ideas Winter Conference 2024, or to register and schedule a one-on-one meeting with NETSOL, please visit the conference website at: https://www.iaccessalpha.com/home. The live webcast of NETSOL's
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
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., Oct. 02, 2024 (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 announced a new strategic partnership with Hiltermann, a Netherlands-based specialist lender in the leasing and financing industry. Hiltermann has gone live with NETSOL's Wholesale Finance System (WFS) and will leverage the company's innovative white label lending platform that expands their competitive offerings to the asset finance and leasing market. This partnership is a strategic first for NETSOL in the Netherlands and supports the Company's broader European growth strategy. NETSOL's innova
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
ENCINO, Calif., Sept. 10, 2024 (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 new agreement with a major automaker and longstanding customer to support their operations throughout China. This agreement brings the total value of the contract to over $30 million over five years and is expected to contribute to consistent revenue growth in fiscal 2025 and beyond. Najeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies, Inc., commented, "We're pleased to expand our agreement with a longstanding client and major automaker to support their operatio
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
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.
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.
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 it has achieved the Advanced Tier Services Partner status within the Amazon Web Services (AWS) Partner Network (APN). Partners who demonstrate exceptional prominence, emerge as industry leaders in their respective markets and have a highly proficient workforce receive this status. This milestone reinforces the robust alliance between NETSOL and AWS, showcasing NETSOL's expertise and success in guiding clients through the design, architecture, migration, modernization and management of their AWS workloads, thereby optimizing their c
Gainers ARB IOT Group (NASDAQ:ARBB) shares rose 93.5% to $2.98 during Tuesday's regular session. The market value of their outstanding shares is at $78.7 million. MicroCloud Hologram (NASDAQ:HOLO) shares increased by 75.7% to $30.01. The company's market cap stands at $178.2 million. NETSOL Technologies (NASDAQ:NTWK) shares moved upwards by 22.6% to $2.82. The company's market cap stands at $32.0 million. The company's, Q2 earnings came out today. Syntec Optics Holdings (NASDAQ:OPTX) shares increased by 19.56% to $5.5. The company's market cap stands at $201.7 million. Iveda Solutions (NASDAQ:IVDA) stock moved upwards by 16.38% to $0.73. The market value of their outstanding shares is a
NETSOL Technologies (NASDAQ:NTWK) reported quarterly earnings of $0.04 per share. This is a 121.05 percent increase over losses of $(0.19) per share from the same period last year. The company reported $15.24 million in sales this quarter. This is a 22.98 percent increase over sales of $12.39 million the same period last year.
Companies Reporting Before The Bell • LCI Indus (NYSE:LCII) is likely to report quarterly earnings at $0.18 per share on revenue of $838.27 million. • Navios Maritime Partners (NYSE:NMM) is projected to report quarterly earnings at $2.62 per share on revenue of $334.79 million. • Restaurant Brands Intl (NYSE:QSR) is estimated to report quarterly earnings at $0.74 per share on revenue of $1.81 billion. • OrganiGram Holdings (NASDAQ:OGI) is projected to report quarterly loss at $0.13 per share on revenue of $37.77 million. • Hyatt Hotels (NYSE:H) is projected to report quarterly earnings at $0.29 per share on revenue of $1.86 billion. • InMode (NASDAQ:INMD) is likely to report quarterly