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**BadThad** · #**171** 12-10-2009, 10:13 AM

This company keeps moving! I'm waiting for a buy-out still, it might happen:

Quote:

NetSol Technologies Awarded Contract Valued at $2 Million From Major Chinese Automotive Finance Company
9:02a ET December 9, 2009 (Market Wire)
NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced the company was awarded a major software and IT services contract with a new joint venture auto finance company based in China. Under the terms of the contract, NetSol will provide full life-cycle processing for the customers' auto finance business through the NetSol Financial SuiteTM (NFS). NetSol's NFS solution provides asset finance companies a state-of-the-art tool to manage business process, work flow framework as well as complete portfolio management and processing. The value of the contract is in excess of $2 million over the life of the agreement, including customization, implementation, maintenance and support.

Naeem Ghauri, NetSol Technologies, Inc., president and head of global sales commented, "The Chinese automotive finance sector is growing exponentially and our NFS solution is on the cutting edge of this growth. As we previously announced, we are aggressively expanding our Chinese presence to support existing as well as new business opportunities. We expect the growth in our China business will help in significantly enhancing our revenues and earnings over the previous fiscal year."

**BadThad** · #**172** 12-23-2009, 09:58 AM

The sales continue:

Quote:

NetSol Technologies Wins a Major Information Security Contract in the Mobile Telecommunications Sector
9:30a ET December 22, 2009 (Market Wire)
NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced today that the company has won a major contract in the area of Information Security with a leading mobile telecommunications company in Pakistan. This contract award further strengthens NetSol's position as a leader in the information security services sector in Pakistan. The client selected NetSol based on the company's strong information security practices, technical expertise and proven track record in deploying large scale information security solutions for information sensitive organizations.

The client required a highly scalable and high performance solution, selecting NetSol after a rigorous selection amongst competitive vendors. NetSol offered a cutting-edge and high performance scalable solution that will help the client to protect its data centers against security threats coming from the Internet or Intranet. The solution comes with impressive security effectiveness, comprehensive coverage for the critical vulnerabilities, and extremely strong electronic defensive measures to thwart typical evasion techniques.

As part of the contract, NetSol's Information Security team will ensure the provisioning of hardware and software, lead the design and implementation, as well as train appropriate staff. The award of this contract reaffirms NetSol's position in the market as a trusted partner for enterprise security management.

**greencat** · #**173** 01-03-2010, 09:44 PM

NTWK look determined to break the 1,20 mark. Word of caution-this could turn into a head and shoulders pattern. If it cant take out the high it going to be a major pullback..

But this is a good candle formation. We should see it make a move.

NTWK Chart

**BadThad** · #**174** 01-12-2010, 10:25 AM

Slight pull back, current price $1.02.

**BadThad** · #**175** 02-03-2010, 03:05 PM

Earnings out soon:

Quote:

NetSol Technologies to Announce Fiscal Second Quarter 2010 Results on February 10, 2010
8:31a ET February 3, 2010 (Market Wire)
NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, will announce its fiscal second quarter 2010 financial results, for the period ended December 31, 2009, on Wednesday, February 10, 2010.

FeaR HaZe · #**176** 02-04-2010, 09:33 AM

what do you see as a good buying opp on this one. Its seems to have some potential but im wondering where the entry mark is?

**BadThad** · #**177** 02-04-2010, 09:56 AM

Buy when it goes down below $1. It consistantly goes down below a buck then comes back up. Try for 0.90-0.95, wait until after earnings IMO, it could send it down.

**BadThad** · #**178** 02-18-2010, 02:46 PM

Earnings:

Quote:

NetSol Technologies Reports Second Quarter Fiscal Year 2010 Financial Results
9:07a ET February 10, 2010 (Market Wire)
NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced second quarter financial results for fiscal year 2010, for the period ended December 31, 2009.

SECOND QUARTER FISCAL YEAR 2010 CONSOLIDATED FINANCIAL HIGHLIGHTS

-- Revenues totaled $9.5 million, up 81% year-over-year and 25%
sequentially.
-- Service fees totaled $4.4 million
-- License fees totaled $3.3 million
-- Maintenance fees totaled $1.8 million
-- Gross margin increased to 62% compared to 27% in the same period a
year ago.
-- Operating income increased to $1.7 million as compared to an operating
loss of $2.8 million in the same period a year ago.
-- GAAP net loss applicable to common shareholders of $0.4 million, or a
loss of $0.01 per diluted share, compared to GAAP net loss applicable
to common shareholders of $3.3 million, or a loss of $0.12 per diluted
share, in the year ago period.
-- GAAP net loss applicable to common shareholders and operating income
include the impact of $1.1 million in expense, or $0.03 per diluted
share, related to the relocation of the Company's global and U.S.
operating headquarters from Emeryville to Alameda, California and
$0.6 million, or $0.02 per diluted share, in expense related to the
beneficial conversion feature of convertible securities.
-- The relocation of NetSol's global and U.S. operating headquarters to
Alameda, California is projected to provide savings of $5 million over
a five year period.
-- EBITDA totaled $0.9 million, or $0.03 per diluted share, versus an
EBITDA loss of $1.9 million, or a loss of $0.07 per diluted share,
in the year ago period.
-- The Company reiterated guidance for fiscal year 2010 projecting
revenues in the range of $33.0 million and $35.0 million, representing
full year revenue growth of between 25% and 32% versus fiscal year
2009. The Company projects a return to GAAP net income for fiscal year
2010, versus a GAAP net loss of $0.30 per diluted share for fiscal year
2009. License revenues for fiscal year 2010 are projected to increase
more than 100% versus fiscal year 2009.

Najeeb Ghauri, NetSol Technologies chairman and chief executive officer, commented, "Our fiscal second quarter 2010 financial results marked our third consecutive quarter of double-digit sequential revenue growth, highlighted by an 81% increase in sales versus the year ago period. NetSol also delivered material improvements in gross margin, operating income, GAAP net income, and EBITDA results versus the year ago period. These performance gains highlight the significant improvement in NetSol's core business as we continue to successfully convert our business pipeline to customer wins. Revenues from license fees resumed a pre-recession trajectory growing over 400% year-over-year as global customers began to further unlock spending and resume the purchase of large strategic software solutions, particularly in the automotive and financial sectors. Additionally, we continue to implement efficiency measures aimed at increasing our long-term profitability. Our efforts to continuously rationalize operating expenses included the relocation of our global and operating headquarters in the U.S., now under the leadership of Mr. Imran Haider, the recently appointed Chief Operating Officer of NetSol North America, Inc., to Alameda which is expected to save the company an estimated $5 million over a 5 year period.

"As NetSol continued to invest in its core NetSol Financial Suite (NFS)(TM) throughout the global economic downturn the company is well positioned to leverage the upturn in customer activity we continue to see, particularly in China, as NetSol begins the second half of its fiscal year 2010 with continued positive momentum. We are continuing to see increased interest among major customers as well as potential partners in the sector and see excellent opportunities for collaboration and strategic initiatives as we look ahead to the second half of our fiscal year 2010," concluded Mr. Ghauri.

NetSol reported consolidated revenues of $9.5 million for the second quarter of fiscal year 2010, representing an 81% increase as compared to the same period a year ago.

U.S. GAAP (Generally Accepted Accounting Principles) net loss applicable to common shareholders for the second quarter of fiscal year 2010 was approximately $0.4 million, or a loss of $0.01 per diluted share, which compares to GAAP net loss of applicable to common shareholders of $3.3 million, or $0.12 per diluted share, in the same period a year ago. U.S. GAAP net loss applicable to common shareholders for the second quarter fiscal year 2010 was primarily attributable to $1.1 million, or $0.03 per diluted share, in expense related to the relocation of NetSol's headquarters in California and the $0.6 million, or $0.02 per diluted share, in expense related to the beneficial conversion feature of convertible securities. The relocation of NetSol's global and U.S. corporate headquarters to Alameda, California is projected to provide savings of $5 million over a five year period.

NetSol reported EBITDA of $0.9 million, or $0.03 per diluted share, for the second quarter of fiscal year 2010 compared to an EBITDA loss of $1.9 million, or a loss of $0.07 per diluted share, in the year ago period.

EBITDA is defined as earnings before interest, taxes, depreciation and amortization. The Company uses EBITDA as a measure of the Company's operating trends. Investors are cautioned that EBITDA is not a measure of liquidity or of financial performance under Generally Accepted Accounting Principles (GAAP). The EBITDA numbers presented may not be comparable to similarly titled measures reported by other companies. EBITDA, while providing useful information, should not be considered in isolation or as an alternative to net income or cash flows as determined under GAAP. Consistent with the SEC Regulation G, the non-GAAP measures in this press release have been reconciled to the nearest GAAP measure, and this reconciliation is located under the financial table heading "Reconciliation to GAAP."

SECOND QUARTER FISCAL YEAR 2010 BUSINESS HIGHLIGHTS

-- NetSol global and U.S. operating headquarters relocated from Emeryville
to Alameda, California
-- Mr. Imran Haider appointed as the new Chief Operating Officer of NetSol
North America, Inc. bringing 8 years of product and sales expertise
from NetSol Asia Pacific as the Company strengthens its U.S. based
management team
-- Toyota Motor Finance China upgrades to a NetSol Financial Suite(TM)
license
-- A major Chinese automotive finance company awarded NetSol a $2 million
contract
-- Expanded sales and delivery capabilities in China, leveraging fast
growing Chinese consumer and asset finance market
-- NetSol secured a major Information Security contract in the mobile
telecommunications sector
-- BMW Group Financial Services awarded NetSol additional services
contract
-- NetSol awarded IT Services contract in Saudi Arabia, further expanding
presence in the Middle East market
-- United Kingdom based bank awarded NetSol a $1 million major software
and IT services contract
-- NetSol IT Business Services awarded Information Security contract to
implement a data center security project in conjunction with a leading
solution integrator in Pakistan

FIRST HALF FISCAL YEAR 2010 CONSOLIDATED FINANCIAL HIGHLIGHTS

-- Revenues totaled $17.1 million, up 18% year-over-year.
-- Service fees totaled $7.7 million
-- License fees totaled $5.9 million
-- Maintenance fees totaled $3.6 million
-- Gross margin increased to 58% compared to 42% in the same period a
year ago.
-- Operating income increased to $2.8 million as compared to an operating
loss of $1.7 million in the same period a year ago.
-- GAAP net loss applicable to common shareholders of $0.7 million, or a
loss of $0.02 per diluted share, compared to GAAP net loss applicable
to common shareholders of $2.2 million, or a loss of $0.08 per diluted
share, in the year ago period.
-- GAAP net loss applicable to common shareholders and operating income
include the impact of $1.1 million in expense, or $0.03 per diluted
share, related to the relocation of the Company's global and U.S.
operating headquarters from Emeryville to Alameda, California and
$0.9 million, or $0.03 per diluted share, in expense related to the
beneficial conversion feature of convertible securities.
-- EBITDA totaled $2.2 million, or $0.06 per diluted share, versus EBITDA
of $0.4 million, or $0.02 per diluted share, in the year ago period.

**BadThad** · #**179** 02-18-2010, 02:47 PM

News:

Quote:

FORTUNE 50 Client Upgrades NetSol Technologies LeasePak License
8:30a ET February 18, 2010 (Market Wire)
NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced the company has signed a new upgrade for its LeasePak licensing agreement with a U.S. based FORTUNE 50 company, as ranked by FORTUNE Magazine in their annual ranking of America's largest corporations.

Najeeb Ghauri, NetSol Technologies Chairman and Chief Executive Officer, commented, "Today's announcement on the upgrade of our LeasePak solution with this FORTUNE 50 client reflects the strength of our LeasePak solution and our increasing penetration of large blue-chip customers around the world. Our highly scalable LeasePak solution offers North American clients the ability to scale from a core platform via modular components, which allow our clients to upgrade and expand as their business needs evolve, whether it's 200 leases or 2 million leases. As part of our broader flagship NetSol Financial Suite (NFS)(TM), NetSol can deliver large multinational customers comprehensive solutions for credit, lease and loan accounting, fleet management, and wholesale finance needs across geographic boundaries with localized language and currency capabilities."

For over 30 years, LeasePak has been a lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America. With its unparalleled functional depth, bank-level security, triple audit controls, scalable components, and flexible implementations, LeasePak is a key component to NetSol Financial Suite's (NFS)(TM) end-to-end lifecycle solution.

**BadThad** · #**180** 03-16-2010, 10:36 AM

News:

Quote:

NetSol Technologies to Provide Public Grievance Management System to Government of Pakistan
8:30a ET March 16, 2010 (Market Wire)
NetSol Technologies, Inc. "NetSol" (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that the company was awarded a new contract with the Government of Pakistan to develop and implement a public grievance management system. The new system will be in support of the government's drive to introduce e-government concepts for providing improved services to its citizens. The online grievance management system will be a key enabler in offering citizens efficient and transparent access to government. According to the agreement, NetSol will provide a web based interface for citizens to report and track their grievances, along with automation of workflows for the processing and handling of submissions.

Commenting on this occasion, Mr. Salim Ghauri, NetSol Technologies President Asia Pacific, said, "The provision of a public grievance management system is a continuation of our support to the government in extending citizen-centric e-government services in the country. It further strengthens our track record of delivering successful and high impact solutions in the public arena. We see tremendous opportunities in developing e-government solutions, leveraging leading edge technologies for the public good, and look forward to building our presence in this key sector of the IT services market."