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NETSOL Technologies Inc. (NASDAQ: NTWK) provides investors and industry professionals with authoritative coverage of corporate developments in enterprise software solutions for asset finance and leasing. This centralized resource aggregates official press releases, financial disclosures, and strategic announcements from the global IT leader.
Visitors gain access to critical updates including quarterly earnings reports, product innovation milestones, partnership agreements, and operational expansions. The curated collection enables efficient tracking of NTWK's technological advancements in cloud-based platforms, digital retail solutions, and AI-driven financial systems.
All content undergoes rigorous verification to ensure compliance with financial reporting standards. The archive serves as both historical reference and real-time monitoring tool for stakeholders assessing the company's market position in automotive finance software and equipment leasing technologies.
Bookmark this page for direct access to NETSOL's verified corporate communications, including regulatory filings, leadership updates, and industry recognition announcements. Combine this resource with fundamental analysis tools for comprehensive investment research.
NETSOL Technologies reported fiscal Q1 2025 results with total net revenues increasing 3% to $14.6 million, driven by a 26% increase in subscription and support revenues to $8.2 million. The company achieved net income of $71,000, with gross margins at 45%. Cash position strengthened to $24.5 million. Notable developments include a $16 million agreement with a major US automaker and an expansion agreement in China increasing contract value to over $30 million. The company's shift towards recurring revenue continues, with subscription and support revenues now representing 56% of total sales.
NETSOL Technologies (NTWK) has scheduled its fiscal first quarter 2025 conference call for Wednesday, November 13, 2024, at 9:00 a.m. Eastern Time. The call will discuss financial results for the quarter ended September 30, 2024. Management will host a Q&A session following the presentation. The call will be accessible via toll-free and international dial-in numbers, with a live broadcast and replay option available through the company's website. A telephone replay will be available until November 27, 2024.
NETSOL Technologies, Inc. (Nasdaq: NTWK) has announced that a leading Chinese automotive financial services provider has successfully transitioned to NETSOL's Transcend Finance Platform as part of a multimillion-dollar agreement. The Guangzhou-based customer, a partner since 2009, upgraded to manage their retail and wholesale operations, including Omni Point of Sale, Contract Management System, and Wholesale Finance System.
The transition involved one of the largest volume migrations by NETSOL in China, with over three million contracts migrated. The implementation was executed seamlessly with zero go-live critical faults and 100% successful data migration, maintaining NETSOL's perfect implementation success rate worldwide.
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in asset finance and leasing solutions, has announced its participation in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York City. Najeeb Ghauri, Co-Founder, Chairman, and CEO, along with Erik Wagner, Chief Marketing Officer, will represent the company.
The NETSOL team is scheduled to present at 3:30 pm ET in the Lotus Suite East. They will also be available for one-on-one meetings throughout the day. Interested parties can access a live webcast of the presentation via the provided link: https://wsw.com/webcast/tep25/ntwk/1705536
This conference participation underscores NETSOL's commitment to engaging with investors and showcasing its industry-leading position in the asset finance and leasing sector.
NETSOL Technologies, Inc. (Nasdaq: NTWK) has unveiled its new Transcend Platform, an AI-powered digital retail and asset finance solution for the automotive and equipment finance industry. This unified platform offers a comprehensive set of products and solutions, showcasing NETSOL's commitment to AI integration.
The Transcend Platform includes key features such as Transcend Retail for digital omnichannel customer journeys, Transcend Finance for streamlined finance operations, Transcend Marketplace for modular API-first solutions, Transcend Consultancy for expert guidance, and Transcend AI Labs for AI-driven innovation.
MINI USA, a subsidiary of BMW, has reported a 23% increase in average conversion rate from lead to sales over three years using the platform. The new solution aims to transform the auto and equipment buying, leasing, and financing experience for various industry players.
NETSOL Technologies, Inc. (Nasdaq: NTWK) has announced a strategic partnership with Hiltermann, a Netherlands-based specialist lender in the leasing and financing industry. Hiltermann has implemented NETSOL's Wholesale Finance System (WFS), a white label lending platform that enhances their competitive offerings in the asset finance and leasing market.
This partnership marks NETSOL's first strategic move in the Netherlands, supporting their broader European expansion strategy. NETSOL's API-enabled technology allows Hiltermann to improve dealership collaboration, enhance customer relationships, and gain competitive advantages. The stock financing solution integrates with local market infrastructure, facilitating automation and scalability.
The implementation was completed in just 5 months, showcasing NETSOL's expertise in the asset finance and leasing market. The cloud-based technology ensures future scalability and flexibility for Hiltermann's operations.
NETSOL Technologies (NTWK) reported strong financial results for Q4 and full fiscal year 2024:
- Q4 revenue increased 19% to $16.4 million
- FY2024 revenue grew 17% to $61.4 million, exceeding target range
- Q4 gross margins improved to 52% from 35% last year
- FY2024 operating income of $3.5 million vs $8.8 million loss last year
- FY2024 EPS of $0.06 vs $(0.46) loss last year
- Annual recurring revenue reached $28 million target
- Cash and equivalents increased to $19.1 million
The company highlighted strong demand for its products, increased investments in sales and marketing, and focus on AI integration. Management expects double-digit revenue growth in fiscal 2025.
NETSOL Technologies (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has scheduled its fiscal fourth quarter and full year 2024 conference call for Tuesday, October 1, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time). The call will discuss financial results for the period ended June 30, 2024, followed by a question-and-answer session with management.
Investors can join the call using the toll-free number 877-407-0789 (US) or 201-689-8562 (International). The call will also be broadcast live and available for replay on NETSOL's website. A telephone replay will be accessible until October 15, 2024, using the replay numbers provided.
NETSOL Technologies, Inc. (Nasdaq: NTWK) has signed an expansion agreement with a major automaker, increasing the total contract value to over $30 million over five years. This agreement extends NETSOL's support for the automaker's operations throughout China and is expected to contribute to consistent revenue growth in fiscal 2025 and beyond.
Key highlights:
- The contract represents a new growth stage for NETSOL in the Asia Pacific market
- NETSOL anticipates double-digit revenue growth in fiscal 2025
- The agreement is expected to nearly double the revenue received over the contract term
- NETSOL China will provide onsite support, change requests, and annual maintenance
NETSOL Technologies, Inc. (Nasdaq: NTWK) has announced that Charles & Dean Finance, a UK-based award-winning specialist finance brokerage, has subscribed to two products from NETSOL's new API-first Appex Now marketplace: Flex and Dock. Flex is an instant, cloud-based calculation engine for accurate calculations throughout the contract lifecycle. Dock is a centralized document generation tool with template-based configuration for quick document creation.
NETSOL's CEO, Najeeb Ghauri, emphasized the agility and simplicity of their API-first products as game-changers for businesses. Tom Perkins, Director at Charles & Dean Finance, expressed excitement about integrating these solutions into their business processes, citing their versatility and seamless integration as ideal for their fast-paced and diverse client network.
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