NetSol Technologies

NETSOL Technologies Sets Fiscal Third Quarter 2024 Conference Call for Thursday, May 9 at 9:00 am ET

Retrieved on: 
Thursday, April 25, 2024
NetSol Technologies, Consumer electronics

Financial results will be issued in a press release prior to the call.

Key Points: 
  • Financial results will be issued in a press release prior to the call.
  • Please call the conference telephone number 10 minutes prior to the start time and provide the operator with the conference ID: NETSOL.
  • The conference call will also be broadcast live and available for replay here , along with additional replay access being provided through the company information section of NETSOL’s website.
  • A telephone replay of the conference call will be available approximately three hours after the call concludes through Thursday, May 23, 2024.

Leading German Auto Finance Company Goes Live with Full NFS Ascent Suite to Support Operations in South Korea

Retrieved on: 
Tuesday, April 9, 2024
Retail, COVID-19, NetSol Technologies, Wholesaling, Ascent, CMS, Cryptocurrency

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.

Key Points: 
  • 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.
  • This most recent successful deployment in South Korea marks the eleventh market to go live as part of this contract signing.

NETSOL Technologies Achieves AWS Foundational Technical Review Badges for Five Products

Retrieved on: 
Tuesday, April 2, 2024
Flex, Dock, Organization, Software as a service, Amazon, NetSol Technologies, AWS, Architecture, Cloud computing, API

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.

Key Points: 
  • 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.
  • These five out-of-the-box solutions from the marketplace were successfully validated by AWS for their technical proficiency and associated customer references.
  • The AWS Foundational Technical Review Badge is awarded to organizations that demonstrate proficiency in foundational areas of cloud computing on the AWS platform.
  • “We're thrilled to earn the AWS Foundational Technical Review badges,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies, Inc. “This achievement underscores our dedication to delivering cutting-edge cloud solutions that meet the highest industry standards.

Close Brothers Goes Live with NETSOL's Cloud-Based Calculation Engine Flex

Retrieved on: 
Tuesday, March 26, 2024
Flex, Salesforce, NetSol Technologies, Ecosystem, API, Close Brothers Group, Fine chemical

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.

Key Points: 
  • 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 Now suite of API-first products for the global finance and leasing industry.
  • These powerful, yet simple APIs are a reflection of our dedication to innovation,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc.
    “Close Brothers joins other financial institutions in the United Kingdom that have gone live with our API-first calculation engine,” he added.

NETSOL Technologies, Inc. Achieves Advanced Tier Partner Status with Amazon Web Services

Retrieved on: 
Thursday, March 21, 2024
Cloud, Amazon, NetSol Technologies, APN, AWS, Architecture, Investment, Workforce

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).

Key Points: 
  • 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 management of their AWS workloads, thereby optimizing their cloud investments.
  • Attainment of the AWS Advanced Tier Services Partner status reflects NETSOL's enduring commitment to AWS, extensive experience deploying scalable customer solutions on the AWS platform, and the maintenance of a team of AWS-certified technical consultants and professionals.

NETSOL Signs $12 Million Agreement with Major Global Automotive Company for Operations in China

Retrieved on: 
Wednesday, March 13, 2024
Ascent, NetSol Technologies

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.

Key Points: 
  • 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 automotive company in one of their key markets and look forward to providing support across their China-based operations.”
    NETSOL commenced implementation in the second quarter of fiscal 2024 and realized a portion of this contract in licensing fees during that quarter.

NETSOL's Calculation Engine Flex Now Empowering Haydock Finance’s Broker Division

Retrieved on: 
Thursday, February 29, 2024
APR, Flex, API, NetSol Technologies, Haydock

ENCINO, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has announced that its customer Haydock Finance is now offering access to NETSOL’s API-based calculation engine Flex to its broker division.

Key Points: 
  • ENCINO, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has announced that its customer Haydock Finance is now offering access to NETSOL’s API-based calculation engine Flex to its broker division.
  • Haydock Finance is an award-winning supportive business finance specialist that is using Flex since 2023 and subscribed to additional products from Appex Now earlier this year.
  • NETSOL Technologies’ Flex provides a very user-friendly, seamless quotation experience and we’re delighted that we can provide this technology to our broker partners as part of our service.
  • The product is exactly what it should be - accessible, user-friendly and accurate,” said Andy Taylor, Sales Director of Haydock Finance.

NETSOL Technologies Reports 23% Revenue Growth and EPS of $0.04 in Fiscal Second Quarter 2024

Retrieved on: 
Tuesday, February 13, 2024
Traction, Web browser, Growth, NetSol Technologies, GAAP, Software as a service, AutoNation, Cryptocurrency

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.

Key Points: 
  • 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.
  • Gross profit for the second quarter of fiscal 2024 was $7.2 million (or 47% of net revenues), compared to $3.1 million (or 25% of net revenues) in the second quarter of fiscal 2023.
  • Operating expenses for the second quarter of fiscal 2024 were $6.1 million (or 40% of sales) compared to $6.2 million (or 50% of sales) for the second quarter of fiscal 2023.
  • On a constant currency basis, GAAP net loss attributable to NETSOL for the second quarter of fiscal 2024 totaled $(902,000) or $(0.08) per diluted share.

NETSOL Technologies Announces Major Updates on Otoz Platform and Recent Traction with Key Automotive Clients

Retrieved on: 
Thursday, February 1, 2024
Partnership, Signature, Traction, Intelligence, OEM, CRMS, Mobility, Management, API, DMS, Privacy, CRM, Architecture, Original equipment manufacturer, NetSol Technologies, Software as a service, Insurance, AutoNation

NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.

Key Points: 
  • NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.
  • Designed for deep integration within distinct internal ecosystems, Otoz facilitates unmatched e-commerce experiences that are fully aligned with clients’ unique brand requirements.
  • With cutting-edge technology, user-centric design, and data-driven strategies, Otoz is redefining customer engagement in the automotive realm.
  • NETSOL is set to expand its offerings with the upcoming phased launch of Otoz 2.0 over the next year.

NETSOL Technologies Sets Fiscal Second Quarter 2024 Conference Call for Tuesday, February 13 at 9:00 am ET

Retrieved on: 
Wednesday, January 31, 2024
NetSol Technologies, Web browser

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.

Key Points: 
  • 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.
  • Please call the conference telephone number 10 minutes prior to the start time or use this link for telephone access to the call via your web browser.
  • A telephone replay of the conference call will be available approximately three hours after the call concludes through Tuesday, February 27, 2024.