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.
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Exchange: NASDAQ
Website: netsoltech.com
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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
ENCINO, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK) ("NETSOL" or the "Company"), a global business services and enterprise application solutions provider, will hold a conference call on Tuesday, November 7, 2023 at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal first quarter ended September 30, 2023. Financial results will be issued in a press release prior to the call. NETSOL management will host the presentation, followed by a question-and-answer period. Date: Tuesday, November 7, 2023Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-In: 2
Recurring Revenue (Subscription and Support) of $6.8 Million; $6.9 Million on a Constant Currency Basis; $26 Million in Annual Recurring Revenue (Subscription and Support) Exceeded Fiscal 2023 Target of $25 MillionNet Revenue for the Quarter was $13.8 Million; $14.0 Million on a Constant Currency BasisServices Revenues for the Quarter were $7.0 million; $7.1 Million on a Constant Currency BasisContinued Progress Advancing Core Growth InitiativesCompany Targeting Revenue of $61 Million to $63 Million in Fiscal 2024; Expected increase of 16% to 20% compared to Fiscal 2023 revenue of $52.4 Million ENCINO, Calif., Sept. 22, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a
ENCINO, Calif., Sept. 12, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK) ("NETSOL" or the "Company"), a global business services and enterprise application solutions provider, will hold a conference call on Friday, September 22, 2023 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, 2023. Financial results will be issued in a press release prior to the call. NETSOL management will host the presentation, followed by a question-and-answer period. Date: Friday, September 22, 2023Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time)Toll-Free Dial-In: 877-407-0789International Dial-
Net Revenue for the Quarter was $13.5 Million; $14.1 Million on a Constant Currency Basis Expansion into North America Market on Track; Establishing Client Support and ‘Center of Excellence' Facility in Austin, TX to Grow Revenues and Customer Base Recurring Revenue (SaaS and Support) of $6.7 Million; $6.8 Million on a Constant Currency Basis; Expect Fiscal 2023 Annual Recurring Revenue (SaaS and Support) of over $25 million Strategic Business and Cost Transformation in Place; 20-25% Reduction in Headcount and Significant Total Savings Expected Integrating Generative AI and Machine Learning Capabilities into NETSOL Products through AWS Partnership $15.3 Million in Ca
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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ENCINO, Calif., Aug. 01, 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 that Charles & Dean Finance has signed up for two products from Company's new API-first Appex Now marketplace – Flex and Dock. Flex, the first product offering from Appex Now, is an instant, cloud-based calculation engine which guarantees swift and accurate calculations at all stages of the contract lifecycle through various calculation types. Dock is a centralized document generation tool with template-based configuration and simple syntax, which allows users to create accurate docum
ENCINO, Calif., July 16, 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 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. "We are thrilled to collaborate with one of the world's leading automakers to enhance the car sales and purchase process for their dealerships and customers," said Naeem Ghauri, President NETSOL Technologies and Founder of Otoz. "Building o
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
ENCINO, Calif., April 09, 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 the go-live of its next-generation platform NFS Ascent for a leading German auto captive finance company and longstanding client to support their operations in South Korea. This deployment consisted of the full NFS Ascent suite, which includes both the Retail and the Wholesale platforms. The NFS Ascent Retail platform includes Omni Point of Sale (Omni POS) and Contract Management System (CMS), while Ascent's Wholesale Finance System is part of its Wholesale platform. These deployment
ENCINO, Calif., April 02, 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 its achievement of the Amazon Web Services (AWS) Foundational Technical Review badges - a testament to its exceptional expertise in cloud technologies. This achievement is in recognition of five of NETSOL's cloud-based, API-first solutions that are part of Appex Now – the Company's marketplace of products designed for the global credit, finance and leasing industry. The technology review was conducted to validate the following Appex Now products: Flex, an instant, powerful and
ENCINO, Calif., March 26, 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 Close Brothers, a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading, had signed-up for and has subsequently gone live with the Company's calculation engine Flex. The Flex cloud-based calculation engine enables affordability checks, reverse calculations and accurate contract lifecycle calculations with seamless integration into a financial institution's ecosystem. The calculation engine is part of NETSOL's Appex
ENCINO, Calif., March 21, 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 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 managem
ENCINO, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, has signed an agreement with a major global automotive company for its operations in China. The $12 million, five-year contract is for the deployment of NETSOL's premier technology platform NFS Ascent. Najeeb Ghauri, Chief Executive Officer of NETSOL Technologies, Inc., commented, "This selection is a validation of the superior performance and reliability of our products, specifically NFS Ascent, a cutting-edge solution capable of supporting large clients on a global scale. We're energized by this contract with a leading auto
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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