NTWK - NetSol Technologies, Inc. (NYSE Stock) - Page 3 - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**BadThad** · #21 11-05-2007, 03:49 PM

Quote:

ERFW is looking strong in case your interested.

I'm intested in every stock! LOL Thanks for the tip, this is looking good for a buy as well.....I think I'll jump in, I've set some $$$ aside as bear protection and it sure looks like a good time to buy a lot of stocks.

On a side note, ever see the movie Meet the Parents? ERFW reminds of the rich, ex-boyfriend...in the movie he says "I got in early to some wireless IPO's". hehehehehehehe

Evil-Eye · #22 11-05-2007, 08:10 PM

Quote:

Originally Posted by BadThad

I'm intested in every stock! LOL Thanks for the tip, this is looking good for a buy as well.....I think I'll jump in, I've set some $$$ aside as bear protection and it sure looks like a good time to buy a lot of stocks.

I was going to jump in but something told me to hold off. Did you buy?

Quote:

On a side note, ever see the movie Meet the Parents? ERFW reminds of the rich, ex-boyfriend...in the movie he says "I got in early to some wireless IPO's". hehehehehehehe

I like Stiller's movies. He reminds me of myself. :D

**BadThad** · #23 11-06-2007, 08:47 AM

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I was going to jump in but something told me to hold off. Did you buy?

Yea...as they say....buy on news.

Evil-Eye · #24 11-06-2007, 11:41 AM

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Originally Posted by BadThad

Yea...as they say....buy on news.

You bought NTWK on news of ERFW? Is that some ultra shopisticated techinque like Renaissance Technologies uses? :D

**BadThad** · #25 11-06-2007, 12:52 PM

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Originally Posted by Evil-Eye

You bought NTWK on news of ERFW? Is that some ultra shopisticated techinque like Renaissance Technologies uses? :D

LMAO....no, no, no....hehehehehe

Quote:

BMW Financial Services Hong Kong Ltd. Goes Live With NetSol Technologies' LeaseSoft Solution
8:31a ET November 1, 2007 (Market Wire)
NetSol Technologies Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of IT services and enterprise software to the financial services industry, announced today that its Asia-Pacific division has successfully implemented its LeaseSoft retail product suite for BMW Financial Services Hong Kong Ltd. BMW Financial Services Hong Kong Ltd. has gone live with the NetSol's LeaseSoft solution including the LeaseSoft Contract Management System (CMS) and Credit Application System (CAP) components.

Mr. Najeeb Ghauri, chairman and CEO, commented, "We commend the efforts of our Asia-Pacific division in becoming the de facto standard for vehicle finance accounting and portfolio management systems in the region. LeaseSoft is the premier software suite for automotive finance in the Asia-Pacific region. We anticipate that this mission critical application has the potential to manage all of BMW Financial Services' expanding business in Hong Kong. We look forward to working with BMW and implementing applications to provide fast and convenient solutions for their most sophisticated vehicle finance and leasing software needs."

About NetSol Technologies Inc.

**BadThad** · #26 11-06-2007, 12:53 PM

More good stuff:

http://www.transworldnews.com/NewsSt...id=27056&cat=1

**BadThad** · #27 11-08-2007, 08:36 AM

Really good stuff!

Quote:

NetSol Technologies Reports Record Revenue and Net Income for Fiscal First Quarter 2008
GAAP Net Income Increased to a Record $1.8 Million, or $0.08 per Share; EBITDA Increased to a Record $2.8 Million, or $0.12 per Share; Revenue Increased 48% Year-Over-Year to a Record $8.7 Million

CALABASAS, CA--(Marketwire - November 8, 2007) - NetSol Technologies Inc. ("NetSol") (NASDAQ: NTWK), a multinational provider of IT services and enterprise software to the financial services industry, today announced financial results for the fiscal first quarter 2008, ended September 30, 2007.

Fiscal First Quarter 2008 Financial Highlights

-- Revenues increased 48% year-over-year to a record $8.7 million
-- Services increased 73% year-over-year to $5.2 million
-- License fees increased 21% year-over-year to $1.9 million
-- Maintenance fees increased 22% year-over-year to $1.6 million
-- Gross margin increased to 61% compared to 50% in the prior year period
-- Operating income improved to $2.2 million compared to an operating loss
of $0.2 million in the year ago period
-- GAAP net income increased to a record $1.8 million, or $0.08 per share,
versus a loss of $1.3 million or ($0.08) per share in the year ago period
-- EBITDA increased to a record $2.8 million, or $0.12 per diluted share
-- Full year fiscal 2008 organic revenue growth forecasted to be 25
percent to 30 percent above fiscal year 2007 levels
Najeeb Ghauri, chairman and chief executive officer of Netsol, stated, "Fiscal year 2008 begins on a strong foundation as revenue, GAAP net income and EBITDA each set new all-time record highs driven by robust double digit growth in services, license sales and maintenance fees. Growth within our IT consulting services business was especially strong as we continue to expand our range of vertical market expertise, as evidenced by our entrance into the fast growing market for Hospital Management Systems (HMS) with a new contract engagement with a major public sector hospital. While new contracts wins and expanded relationships with existing customers supported our impressive top line expansion, the results of our operating efficiency initiatives, and the leverage we are gaining internally from our offshore development resources, were equally impressive. Improved global operating efficiencies allowed us to reduce our total quarterly operating expense while driving top line revenue growth 48% over the same period. Overall, we are extremely pleased with our fiscal first quarter performance which supports our optimism for full year growth in revenues and profitability for fiscal 2008."

NetSol Technologies Inc. reported record consolidated revenues of $8.7 million for the first quarter of fiscal year 2008, a 48% increase compared to the $5.9 million in revenues reported for the same period in fiscal year 2007. Consolidated gross profit for the first quarter was approximately $5.2 million, an increase of 78% as compared to the prior year. Gross margin for the first quarter of fiscal year 2008 was 61% compared to 50% in the prior year period.

GAAP (Generally Accepted Accounting Principles) net income for the first quarter of fiscal year 2008 was a record $1.8 million, or $0.08 per basic and diluted share, compared to a GAAP net loss of $1.3 million, or ($0.08) per basic and diluted share, reported in the first quarter of fiscal year 2007. EBITDA for the first quarter was a record $2.8 million, $0.13 per basic share or $0.12 per diluted share, compared to negative EBITDA of $353 thousand, or a loss of ($0.02) per basic and diluted share, in the first quarter of fiscal year 2007.

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."

NetSol ended the fiscal first quarter of 2008 with approximately $4.8 million dollars in cash and cash equivalents.

Fiscal First Quarter 2008 Business Highlights

-- Appointed Mitch Van Wye vice president of development and chief
operating officer for NetSol North America and Alexa Bradley as head of
U.S. sales for NetSol North America

-- Restructures management team in UK operation

-- Global NetSol corporate rebranding initiative completed among key
geographic regions: NetSol Asia Pacific, NetSol North America and NetSol
EMEA

-- IT services contract win from a major public sector hospital
highlights NetSol's penetration into Hospital Management Systems (HMS)

-- NetSol awarded the contract for the implementation of the Motor
Vehicle Registration System (MVRS) for all the 34 districts of the province
on Punjab, Pakistan

-- Blue-chip motor finance company in Australia licenses LeaseSoft's
Retail Finance Solution

-- BMW financial services CEC Finance Hong Kong division went live with
NetSol's LeaseSoft Retail solution

-- Latest edition of LeasePak 6.0 released for general availability

-- Signed a LeasePak contract with a multinational construction equipment
manufacturer's finance captive in the U.S. for rollout of the company's
equipment and vehicle dealership leasing worldwide

-- Signed a new software license and system implementation contract with
a Fortune 50 blue-chip worldwide IT provider to support the company's
equipment leasing operations globally

-- Expanded client relationships with Key Bank, Yamaha Motor Finance,
Pentech Finance and a major equipment company

-- Established an ISV partnership with a global Fortune 50 IT provider
The Company's subsidiary, NetSol Technologies, Ltd, a Pakistani company listed on the Karachi Stock Exchange (Symbol: NETSOL), released its September 30, 2007 fiscal first quarter 2008 results on October 31, 2007. These results may be found on the Karachi Stock Exchange website www.kse.com.pk. The subsidiary's results represent only a portion of the Company-wide results.

Evil-Eye · #28 11-08-2007, 08:49 AM

That is good news.

Evil-Eye · #29 11-08-2007, 09:04 AM

Up +26% premarket @$4.68. My problem is I did not buy enough as usual.

**BadThad** · #30 11-08-2007, 09:54 AM

Yea, it's exploding this morning! :D