NETSOL Technologies, Inc. reports developments in AI-enabled enterprise software and services for the asset finance and leasing market. The company serves OEMs, dealerships, auto captives and financial institutions through platforms including Transcend Finance, Transcend Retail and the Wholesale Finance System.
Recurring news covers fiscal results and conference calls, subscription and support revenue trends, services activity, customer renewals, platform upgrades and go-lives across markets such as the United Kingdom, China and Thailand. Updates also include leadership and accounting changes tied to the company’s global operations in Asia-Pacific, North America and Europe.
NETSOL Technologies (NTWK) has appointed Michael Ramsey as Vice President of Sales, Transcend Finance, Americas, to lead U.S. growth. Based in Austin, Texas, he reports to Faizaan Ghauri, President of NETSOL Technologies Americas. His responsibilities include converting enterprise opportunities into signed agreements, developing new business and establishing a disciplined sales operating model.
Ramsey brings more than thirty years of enterprise software leadership experience. NETSOL plans to transition its long-standing North American customer base to Transcend Finance and convert its sales pipeline. The appointment follows BMO Equipment Finance's decision to upgrade from LeasePak to Transcend Finance.
NETSOL Technologies (NTWK) reported record fiscal 2026 revenue of $74.4 million and introduced fiscal 2027 guidance. Revenue rose 12.5% and exceeded its $73 million guidance; operating income rose 98.4% to $6.9 million. GAAP net income attributable to NETSOL was $2.95 million, or $0.25 per diluted share, versus $2.9 million, or $0.25, a year earlier. Operating cash flow reached $13.9 million, and cash stood at $27.1 million at June 30, 2026.
Fourth-quarter revenue grew 12.5% to $20.7 million, while operating income rose 40.2% to $4.5 million. NETSOL expects fiscal 2027 revenue growth of 13% to 16%, gross margin of approximately 50% or better, and consolidated adjusted EBITDA growth of 15% to 25%. An existing Transcend customer agreement contributed approximately $4.7 million in annual license fees through its renewal and amendment. NETSOL also signed a $50 million contract extension with a global auto captive.
NETSOL Technologies (NTWK) will host a conference call on Monday, September 28, 2026, 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, 2026.
The call will include management’s prepared remarks followed by a question-and-answer session. Participants can listen by dialing 1-877-407-0789/b) (U.S.) or (international). The conference will also be broadcast live and available for replay via a link that becomes active 15 minutes before the start time, and through the company information section of NETSOL’s website.
Telephone replays will be accessible about three hours after the call by dialing 1-844-512-2921 or 1-412-317-6671, using access ID 13762610, until Monday, October 12, 2026, at 11:59 p.m. Eastern Time.
NETSOL Technologies (NTWK) signed a contract with BMO in the United States for BMO to use NETSOL’s AI-powered Transcend Finance platform to manage its equipment finance portfolio.
The deal moves BMO from NETSOL’s legacy LeasePak platform to Transcend Finance, which unifies originations, servicing and wholesale finance and is described as scalable and flexible. NETSOL highlights a partnership with BMO spanning over 30 years and states that the upgrade is expected to enhance BMO’s operational efficiency, risk management and customer engagement while supporting digital transformation in asset finance.
NETSOL Technologies (Nasdaq: NTWK) announced leadership changes across its Americas and European businesses. Faizaan Ghauri moves from Chief Strategy Officer to President of NETSOL Technologies Americas, where he will lead strategy, commercial activities and revenue growth, overseeing sales, business development, strategic accounts, customer growth, partnerships and key operational support functions.
Peter Minshall, formerly Executive Vice President for NETSOL Technologies Americas, will relocate to the UK to become Director, Finance and Operations for Europe, overseeing finance and operations for NETSOL Technologies Europe and Virtual Lease Services. Umar Qadri will also relocate to the UK, continuing as Deputy Head of Global Sales with a special focus on Europe, supporting sales across NTE and VLS.
NETSOL Technologies (Nasdaq: NTWK) announced that its AI-enabled Transcend Retail digital retail platform is now live across three new US dealer partners: Steve Hahn Auto Group in Washington, Atlanta Autos (part of Gravity Autos) in Georgia, and Royal Coach RV in California.
According to NETSOL, these deployments support consistent, transparent and connected buying journeys, including remote, digital-first and RV retail use cases. The company highlights that this cohort—a multi-brand dealer group, a remote-first luxury dealer and an RV dealer—illustrates Transcend Retail’s versatility and ongoing expansion in the US automotive retail market.
NETSOL Technologies (Nasdaq: NTWK) confirmed its addition to the Russell 3000E Index and the Russell Microcap Index, effective at the open of U.S. equity markets on June 29, 2026, following FTSE Russell’s June 2026 semi-annual reconstitution.
According to NETSOL, this inclusion enhances the company’s visibility among institutional investors as it focuses on its platform strategy and long-term growth plans. The Russell 3000E covers about 4,000 of the largest U.S.-listed companies, while the Russell Microcap targets the microcap segment.
NETSOL Technologies (Nasdaq: NTWK) announced the election of four new directors – Richard Howard, Aamir Ibrahim, Naeem Ghauri and Asad Ghauri – at its 2026 Annual Meeting held June 18, 2026.
Shareholders elected seven directors in total, with 7,194,620 shares voting and strong support for each nominee. The new directors add senior leadership experience across automotive finance, digital services, financial services and NETSOL’s own global commercial operations.
NETSOL Technologies (Nasdaq: NTWK) reported record Q3 FY 2026 net revenues of $19.8 million, up 13.0% year-over-year, the highest quarterly revenue in its history.
Recurring subscription and support revenue rose 11.7% to $8.8 million, gross margin expanded to 55.6%, Non-GAAP EBITDA reached $3.4 million, and revenue guidance of approximately $73 million for fiscal 2026 was reaffirmed.
For the nine months, revenue grew 12.5% to $53.7 million, while GAAP results moved to a $0.8 million net loss.
NETSOL Technologies (NASDAQ: NTWK) will present at the 16th Annual LD Micro Invitational XVI at the Luxe Sunset Boulevard Hotel in Los Angeles on Tuesday, May 19, 2026, at 12:00 PM PDT.
Presenters will include senior executives and the event will feature micro and small-cap companies across sectors.