ENCINO, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global provider of business services and enterprise application solutions, today announced the continued expansion of its Transcend Finance platform by the financial division of one of China’s largest state-owned automotive manufacturers. This follows the automaker’s strategic acquisition of another domestic finance company, specifically to enhance its wholesale finance operations. The end-to-end deployment was fac ...

Shares of NetSol Technologies, Inc. (NTWK) have risen 14.4% since the company reported its earnings for the third quarter of fiscal 2025. This compares to the S&P 500 index’s 1.4% gain over the same time frame. Over the past month, the stock has rallied 21.2% compared with the S&P 500’s 15.4% rise.Robust Growth in NTWK’s Revenues and EarningsFor the fiscal third quarter ended March 31, 2025, NetSol Technologies reported a 13% year-over-year increase in total net revenues, reaching $17.5 million compared to ...

NetSol (NTWK) Q3 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Patti McGlasson - Senior VP of Legal & Corporate Affairs, Corporate Secretary and General CounselNajeeb Ghauri - Founder, Chairman and Chief Executive OfficerRoger Almond - CFOTodd Felte - SVP - Branch Manager Operator Good morning, and welcome to Netsoul Technologies Fiscal Third Quarter twenty twenty five Earnings Conference Call. On the call today are Najeeb Ghauri, Founder, Chairman and Chief Executive Officer Roger Allman ...

Core Viewpoint - NETSOL Technologies, Inc. reported solid performance in the third fiscal quarter of 2025, highlighting strong growth in services revenue and subscription business, driven by increasing demand for digital finance solutions [2][10]. Financial Performance - Total net revenues for Q3 FY2025 increased by 13% to $17.5 million, compared to $15.5 million in the prior year [3][10]. - Subscription and support revenues rose by 10% to $7.9 million, while services revenues increased by 24% to $9.7 million [4][5][10]. - Gross profit for the quarter was $8.7 million, representing 50% of net revenues, up from $7.5 million or 48% in Q3 FY2024 [5][10]. - Operating expenses were $7.2 million, accounting for 41% of sales, compared to $6.2 million or 40% in the prior year [6][10]. - GAAP net income attributable to NETSOL was $1.4 million, or $0.12 per diluted share, compared to $328,000, or $0.03 per diluted share in Q3 FY2024 [7][10]. - Non-GAAP EBITDA for Q3 FY2025 was $2.2 million, or $0.19 per diluted share, compared to $767,000, or $0.07 per diluted share in the prior year [8][10]. Balance Sheet and Capital Structure - As of March 31, 2025, cash and cash equivalents were $18.8 million, slightly down from $19.1 million as of June 30, 2024 [9][10]. - Working capital was $23.7 million as of March 31, 2025, compared to $23.6 million as of June 30, 2024 [9][10]. Management Commentary - Management emphasized a focus on innovation and operational efficiency, noting significant contracts signed with financial services providers in Oman and Indonesia, indicating growing client confidence [11][10]. - The company aims to continue executing its strategy for sustainable growth and product innovation while delivering long-term value to shareholders [11][10].