The customer selected NETSOL after a highly competitive evaluation process, during which Transcend Finance emerged as the superior solution, displacing an industry competitorENCINO, Calif., Sept. 11, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a leader in AI-powered solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and lease assets, has announced the signing of a multi-million-dollar contract with a top-tier auto captive finance company of J ...

Core Insights - NETSOL Technologies, Inc. has been selected by Sonic Automotive, Inc. to lead a discovery engagement for a next-generation omnichannel digital retail platform powered by NETSOL's Transcend Retail [1][2][4] - This strategic engagement aims to enhance customer experience and dealer operations, particularly within Sonic's EchoPark Automotive operations, by defining a scalable platform architecture [2][3] - The partnership reflects a broader industry trend where leading dealership groups are prioritizing digital transformation to meet evolving consumer expectations [3][4] Company Overview - NETSOL Technologies specializes in AI-powered solutions for the asset finance and leasing industry, serving clients across over 30 countries since its inception in 1996 [5] - The company is recognized for its innovative asset finance solutions and commitment to customer success, leveraging advanced AI and cloud services [5] - Sonic Automotive, a Fortune 500 company, aims to become the most valuable diversified automotive retail and service brand in America, focusing on creating exceptional guest experiences through strategic technology investments [6]

Core Insights - NETSOL Technologies, Inc. has successfully launched its Transcend Finance platform for a leading Chinese leasing company, facilitating their entry into the Indonesian market [1][2] - The implementation is a greenfield project, allowing the customer to establish new processes without legacy system constraints, and is fully compliant with local regulations [3][4] - The project was completed in less than six months, showcasing NETSOL's agile delivery approach and deep understanding of the asset finance and leasing landscape [4][5] Company Overview - NETSOL Technologies is a global leader in providing advanced solutions for the asset finance and leasing industry, serving clients in over 30 countries [5] - The company has a history of innovation since its inception in 1996, focusing on AI and cloud services to meet complex market needs [5] - NETSOL emphasizes strong partnerships with clients, aiming to empower businesses and ensure their success in a dynamic landscape [5]

Company Overview - NETSOL Technologies, Inc. is a leader in AI-powered solutions for OEMs, dealerships, and financial institutions, focusing on asset sales, financing, and leasing [1][6] - The company has been at the forefront of technology since its inception in 1996, providing innovative asset finance solutions and leveraging advanced AI and cloud services [6] Strategic Initiatives - NETSOL signed a strategic cooperation agreement with Tianjin Binhai Smart Group Co., Ltd. and the Dongjiang Free Trade Port Zone Government during the SCO Summit [1][2] - The partnership will focus on integrated financial services for the automotive industry and cross-border data services [2] Industry Context - The Shanghai Cooperation Organization (SCO) is a political, economic, and security alliance aimed at promoting cooperation and economic integration across Eurasia [3] - The recent SCO Summit emphasized the importance of the digital economy, artificial intelligence, and emerging digital technologies, highlighting the relevance of NETSOL's initiatives [4] Leadership Statements - The CEO of NETSOL emphasized the company's vision to bridge markets and cultures through technology, reinforcing its role as a global enabler of digital finance [5] - The President of NETSOL China stated that the collaboration marks a significant milestone in uniting technology capabilities with China's industrial strengths, aiming to set new standards for regional cooperation [6]

Core Insights - NETSOL Technologies, Inc. has appointed Ian Smith to its Board of Directors effective July 1, 2025, enhancing its leadership team with his extensive experience in financial services and automotive finance [1][5]. Group 1: Appointment and Experience - Ian Smith brings over 30 years of global leadership experience in financial services, particularly in automotive finance and digital transformation [2]. - He previously served as CEO of BMW Group Financial Services – USA and the Americas from 2017 to 2021, managing a balance sheet exceeding $50 billion and an annual net operating income of over $600 million [2]. - Smith has held various executive roles within the BMW Group, focusing on innovation and market expansion [3]. Group 2: Current Roles and Qualifications - Currently, Smith is the President of MIP, Inc., a medical textiles company, and serves as an Executive Advisor for PEO Leadership [3]. - His qualifications include a Certificate in Company Direction from the Institute of Directors and a Postgraduate Certificate from Edinburgh Business School, reflecting his commitment to governance excellence [4]. Group 3: Strategic Vision and Contributions - The CEO of NETSOL, Najeeb Ghauri, expressed confidence that Smith's leadership experience and understanding of the global auto finance ecosystem align with the company's strategic vision [5]. - Smith aims to contribute his expertise in automotive financial services and digital transformation to support NETSOL's growth and innovation [5]. - His appointment is expected to significantly enhance NETSOL's long-term growth and shareholder value [5]. Group 4: Company Overview - NETSOL Technologies specializes in AI-powered solutions for the asset finance and leasing industry, serving clients across over 30 countries [6]. - The company has a history of innovation and ethical business practices, focusing on sustainability and customer success [6].

Core Insights - NETSOL Technologies, Inc. announced the expansion of its Transcend Finance platform by a major Chinese state-owned automotive manufacturer, indicating strong demand for its solutions in the automotive finance sector [1][4] - The automaker's acquisition of a domestic finance company aims to enhance its wholesale finance operations, demonstrating a strategic move to strengthen its financial capabilities [2] - The deployment of the Wholesale Finance System was completed in six weeks, highlighting NETSOL's efficiency in managing complex projects [2] Company Overview - NETSOL Technologies provides advanced solutions for the asset finance and leasing industry, serving clients in over 30 countries, including automotive OEMs and financial institutions [5] - The company has a history of innovation since its inception in 1996, focusing on AI and cloud services to meet global market needs [5] - NETSOL is recognized for its customer-centric approach and commitment to excellence, fostering strong partnerships to ensure client success [5] Product Features - The Transcend Finance platform is designed to streamline dealer funding processes, enhancing operational efficiency and scalability for dealers, distributors, and supply chain stakeholders [3] - Its flexibility and compliance with China's regulatory standards were key factors in the decision to extend its use to the newly acquired finance company [3] - The platform aims to address the complexities of asset and automotive finance in China, positioning NETSOL as a leader in delivering scalable technologies [4]

The strategic move follows the successful integration of NETSOL's Flex and Dock solutions in August 2024 and marks a significant step in Charles and Dean's commitment to scaling operations and enhancing service delivery.ENCINO, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, has announced that Charles and Dean, one of the United Kingdom's leading independent finance brokers, has expanded its adoptio ...

Core Insights - NetSol Technologies, Inc. (NTWK) has experienced a significant stock price increase of 14.4% following the release of its third-quarter earnings for fiscal 2025, outperforming the S&P 500 index's 1.4% gain during the same period [1] - The company reported a robust 13% year-over-year increase in total net revenues, reaching $17.5 million for the fiscal third quarter ended March 31, 2025 [2] - Profitability metrics showed substantial improvements, with GAAP net income rising to $1.4 million, or 12 cents per diluted share, compared to $328,000, or 3 cents per diluted share, in the prior year [3] Revenue and Earnings Growth - Services revenues surged 24% to $9.7 million, driven by a $2.3 million cumulative catch-up from a contract amendment [2] - Subscription and support revenues, including SaaS and cloud offerings, increased by 10% to $7.9 million [2] - Adjusted EBITDA climbed to $1.8 million, or 15 cents per diluted share, from $810,000, or 7 cents per diluted share, in the third quarter of fiscal 2024 [3] Operating Metrics - Operating expenses rose to $7.2 million, accounting for 41% of sales, reflecting continued investment in customer delivery, marketing, R&D, and employee development [4] - Foreign exchange movements positively contributed $322,000 in gains this quarter, compared to a $964,000 loss in the prior year [4] Financial Position - Cash and cash equivalents stood at $18.8 million as of March 31, 2025, slightly down from $19.1 million at the end of June 2024 [5] - Total liabilities decreased to $19.2 million from $24.7 million over the same period, indicating a stable balance sheet [5] Management Insights - CEO Najeeb Ghauri highlighted strong service revenues and the successful deployment of the Transcend Finance platform in Australia as key factors in the company's performance [6] - The company is transitioning toward a recurring revenue model, with the launch of "Transcend AI Labs" aimed at embedding AI across its product ecosystem [7] Future Outlook - Management expressed optimism about future revenue and profitability trends, citing productivity and efficiency initiatives [11] - The company is on track with the rollout of its BMW USA retail platform across 350 U.S. dealerships [12] - Overall, NetSol Technologies is positioned to build on its momentum in the final quarter of fiscal 2025, marked by strong top-line growth and strategic advancements [13]

Core Insights - NETSOL Technologies, Inc. has appointed Richard Howard, a seasoned automotive executive, to its Advisory Board, indicating a strategic move to enhance corporate strategy and growth in North America [1][2][6] Group 1: Appointment and Role - Richard Howard will not only serve as an Advisory Board Member but will actively shape corporate strategy, focusing on accelerating growth in North America [2][3] - His insights are expected to help NETSOL deepen partnerships with OEMs, dealerships, and captive finance entities, thereby expanding market share and unlocking new opportunities for its platforms [2][3] Group 2: Richard Howard's Background - Howard previously served as President and CEO of Daimler Truck Financial Services USA from 2021 to 2024, overseeing operations in North America and Asia [4] - He has extensive experience in the automotive sector, having held senior roles at Daimler for over a decade, including Senior Vice President of Sales, Product Strategy, and Marketing at Daimler Truck North America [5] Group 3: Strategic Importance - The appointment is seen as a strategic move to elevate NETSOL's sales and marketing capabilities, refine global sales strategy, and enhance product-market alignment [3][6] - Howard's experience in scaling global teams and driving revenue will be crucial for NETSOL's commercial focus and business development [3][6] Group 4: Company Overview - NETSOL Technologies provides advanced solutions for the asset finance and leasing industry, serving clients across over 30 countries [7][8] - The company has a history of innovation and a commitment to excellence, leveraging AI and cloud services to meet the needs of the global market [8]

Group 1 - NETSOL Technologies, Inc. held its Q1 2025 Earnings Conference Call on May 14, 2025, featuring key executives including the CEO and CFO [1][2] - The call included a review of the company's business highlights and financial results, followed by a Q&A session [2] - Management provided necessary cautions regarding forward-looking statements, indicating that actual results may differ from forecasts [3] Group 2 - The company discussed certain non-GAAP measures during the call, with a reconciliation of these measures to the most comparable GAAP measures provided in the press release [4]