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The company recently provided financial guidance projecting a return to GAAP net income (profitability) for fiscal year 2010 - which ends June, 30th, 2010
Here is the complete release:
http://finance.yahoo.com/news/NetSol-Technologies-Issues-iw-4194084204.html?x=0&.v=1
Thanks QS for that product (WFS) exposé.
Looking at past financials, NetSol has good revenues and is getting closer to positive net revenues. From what I gather, a little over 20% of its revenues are here, in America?
Could we be looking at a positive quarter before the end of 2010?
g.p.
NetSol Technologies, Inc. (NTWK) Keeping Healthcare Financing Healthy
NetSol Technologies Inc. is known for its integrated enterprise software solutions. Central to this is the NetSol Financial Suite (NFS), providing software solutions for credit, lease and loan accounting, fleet management, and wholesale finance. One of the most important NFS solutions is Medical Equipment Wholesale, for the healthcare financing industry.
It goes without saying that healthcare remains one of the best growth industries. Leasing and finance companies aggressively compete to offer the best financing services. Those companies with the most flexibility and feature-rich products come out on top. NFS offers LeaseSoft’s Wholesale Finance System (WFS), a robust system for wholesale financing that automates and manages floorplan and bailment activities.
Five optional, customizable modules make up WFS:
• Credit Request Management Module – This module manages requests and credit limits, and is customizable by asset category and dealer.
• Loan Management Module – This module handles loans against credit limits, interest rates, loan schedules, payments to distributors, repayments from dealers, and any related fees and charges.
• Stock Auditing Module – This module manages inventory and stock movement from distributors to dealers and among different dealers. It also manages stock status, internal and external audits, and dealer behavior analysis.
• Billing and Settlement Module – This module handles periodic and on-demand billing, grace periods, and manual or automatic receipt settlement.
• Dealer & Auditor Access Module – This module provides Web-based access for dealers and auditors. Dealers can view stock, check payables, search assets, and initiate settlement requests. Additionally, auditors can schedule dealer site audits and record audit results.
WFS makes it easy for finance companies and distributors to build their own custom system based on these modules. They can also easily integrate other modules within the NetSol Financial Suite for an end-to-end wholesale financing solution.
NetSol Technologies, Inc. (NTWK) is Rising in the East
NetSol Technologies Inc., a global provider of financial and other enterprise software solutions and business services, has offices on five continents, but nowhere more important than its increasing operations in the Middle and Far East (Asia/Pacific) regions. In these critical parts of the world, NetSol Technologies Limited has become well known for providing leading-edge IT and consulting services, including:
• Systems integration
• Technology outsourcing
• Customized application development
• IT consultancy and BPR
• Information security
• Business intelligence
• Software process improvement and quality engineering
• Product based solutions
• Defense solutions
In particular, the company offers the following Enterprise IT Managed solutions for the lending and finance industry:
• LeaseSoft Overview
• Credit Application & Processing System (CAP)
• Contract Management System (CMS)
• Wholesale Finance System (WFS)
By emphasizing top-tier business practices, together with the application of the most advanced technologies, NetSol is able to ensure the best in enterprise software solutions, including:
Automation and Management Of Wholesale Finance Activities – This system covers Credit Limit Requests, Payment of Loan, Billing, Settlement, Auditing of Stocks, Agent / Dealer Information and ultimately the pay-off function. In addition, the Dealer Access System (DAS) enables dealers / agents and auditors to connect with the system to view relevant information and carry out transactions.
Web-Based Credit Application Acceptance – This system acts as a web-based point-of-sale for leases or loans, using Internet and Intranet. Customers can remotely apply for credit, with the credit application based on the financial institution’s defined financial products.
Automated Robust Credit Application Processing – This system is equipped with strong workflow management, integrated link to credit rating agencies, and automated point scoring strategy for automatic approval/rejection/referral. It can also be customized for linking with any point-of-sale system.
Comprehensive Contract Management (throughout the life of the loan/lease) – This system provides comprehensive business functionality, enabling users to effectively and smoothly manage and maintain a contract with the most comprehensive details throughout its life cycle. It also provides interfaces with the company’s banks and accounting systems, and effectively maintains details of all business stakeholders (such as customers, dealers, debtors, guarantors, insurance companies, and banks).
NetSol Technologies, Inc. (NTWK) – A Leading Provider of SAP Consulting Services and Solutions
NetSol Technologies Inc. is a worldwide provider of global business services and enterprise application solutions. The company is recognized as a leading provider of SAP consulting services and solutions. NetSol’s management team brings more than 30 years of experience designing and implementing SAP solutions across a variety of industries.
NetSol Technologies offers products and services for every aspect of a project. With their innovative yet comprehensive designs and processes, they transform SAP initiatives into successful and profitable solutions for their clients. NetSol uses a superior blend of technology and business process expertise to select and integrate products, delivery models and management solutions to meet their clients’ business objectives and deliver exceptional results.
The SAP experts at Netsol offer a unique blend of industry, technology and project management expertise to each client, using both creativity and business savvy to direct each of the company’s SAP Practice Areas. They employ fully collaborative research and discovery, inventive solutions, the latest techniques and tools, rigorous standards and responsive support in order to find the right solution for each client’s specific needs.
The company’s SAP Practice Areas include:
• SAP ERP
• Supply Chain Management
• Supplier Relationship Management
• Customer Relationship Management
• Solution Manager
• Business Objects/Business Intelligence
• Portal/NetWeaver
NetSol Technologies, Inc. (NTWK) is Significantly Undervalued at Today’s Prices
NetSol Technologies Inc. is a worldwide provider of global business services and enterprise application solutions. The company has a global footprint with operations in such diverse locations as San Francisco, Beijing, London, Adelaide, Riyadh and Bangkok. This broad physical base of operations is an example of NetSol’s corporate philosophy of seamless integration as exemplified by their core BestShoring practices, which are designed to eliminate the normal risks associated with outsourcing.
Netsol’s operating trends have moved nicely toward the positive and the company appears to be well positioned with its core product offerings as it expands into new international market opportunities. At the end of the last quarter, NetSol had $22 million in backlog which positions the company to show year-on-year growth and profitability. That backlog, together with the company’s expansion into the Asian markets, and their ability to provide customized, high-quality, cost-effective products and services, bodes very well for NetSol’s future.
The company is expecting revenue growth of between 25% and 32% for the current fiscal year with a return to GAAP net income. Underscoring this projection, Rodman & Renshaw recently raised their estimates from FY10 revenues of $31.5mm and FY11 revenues of $40.1mm to $33.6mm and $43.2mm, respectively. Another analyst following the company, Maxim, also foresees solid revenue growth with GAAP profitability.
Based on Rodman’s revised estimates and an intraday price of $1.03, shares are trading at 4.7x FY 2011 P/E, significantly below the peer group’s average of 14.5x. With a $2.50 Price Target from Rodman & Renshaw and a $2.00 Price Target from Maxim, NetSol Technologies currently offers an attractive value to investors.
NetSol Technologies, Inc. (NTWK) Raises Guidance on Improving Outlook
NetSol Technologies, Inc. is a worldwide provider of global business services and enterprise application solutions. The company has a global footprint with operations in many diverse locations including San Francisco, Beijing, London and Bangkok. NetSol’s corporate philosophy is exemplified by their core BestShoring practices, which are designed to eliminate the normal risks associated with outsourcing.
A couple of weeks ago, NetSol raised its financial guidance for their 2010 fiscal year as a result of growing demand for its core NetSol Financial Suite software business. The company expects to generate revenues of $33-$35 million for the full fiscal year 2010. This corresponds to a 25-32 percent year-over-year growth compared to the 2009 fiscal year.
Another reason behind the robust year-over-year revenue growth is the renewed strength in NetSol’s licensing sales, which are projected to grow by over 100 percent year-over-year. This reflects the ramping of new purchasing decisions among existing and new potential customers, primarily coming from the Asia Pacific region and especially China.
An example of the new opportunities for Netsol in China was the recent awarding of a $2 million software and IT services contract with a new joint venture auto finance company based in China. The company also recently announced agreements in the Asia Pacific/China auto market with major companies such as BMW and Toyota. China is, of course, now the world’s largest vehicle market surpassing the United States this year, so the potential for expansion in this area is enormous.
The company is aggressively expanding in China and Asia in order to capitalize on the rapid growth in the Asian economies. Another example of their strong push into Asia was Netsol’s winning a contract in the area of information security with a leading mobile telecom company in Pakistan. The company’s strong push into rapidly growing regions of the globe should ensure continued growth in Netsol’s revenues and bottom line for the foreseeable future.
NTWK Sets International Standard for Leasing and Finance Solutions
NetSol Technologies, Inc., the established provider of business services and enterprise software solutions to a growing global market, developed the NetSol Financial Suite (NFS) as a framework for robust and highly customized solutions that offer tight integration with existing systems across environments with multiple assets and languages.
One major, fully-integrated component of the NFS is the industry-renowned LeaseSoft, NetSol’s suite of end-to-end leasing and finance software solutions. Developed for finance and lending industries around the globe, NetSol Technologies Limited has created a unique suite of Enterprise IT Managed solutions based on the proven LeaseSoft technology.
LeaseSoft Asset is a specialized finance system, designed from the ground up to be a web-enabled package that harnesses the underlying technology that has made the NFS so successful.
The software is modular and therefore highly scalable while being robust enough to make it a clear industry leader in asset finance systems around the world. With an emphasis on accuracy and flexibility, LeaseSoft Asset was developed for tight integration with LeaseSoft Portal and Document Manager.
With the capacity to leverage additional applications for greater overall profitability in a way that allows for an increased variety of potential uses, LeaseSoft Asset is able to meet the demands of a growing and changing market on a stand-alone basis while interfacing seamlessly with external systems.
LeaseSoft Asset supports all the basic needs of captive finance, vendor and banking companies. Suitable for a wide range of installment credit lenders, including high volume lenders, LeaseSoft Asset was tailor-made for leasing, operating leasing, hire purchase, motor, finance and corporate products.
LeaseSoft Evolve was created with smaller finance companies in mind, especially those doing installment lending management, as a leasing loan administration toolkit which comes pre-configured, thus allowing rapid implementation into a company’s workflow.
Evolve is designed to be a cost-effective solution for business ranging from start-ups to established operations looking to streamline their process, including businesses with component broker and in-house-based finance. Because LeaseSoft Evolve allows for the easy creation and management of contracts throughout their life-cycle, and does so with a simple and solitary database structure, service is optimized and risk is reduced while allowing personnel to focus on other tasks.
Designed to be a comprehensive and powerful finance contract management system, this largely automated and web-enabled environment allows for easy management of multiple simultaneous contracts with little to no human intervention.
The ability to service every aspect of its targeted solution set, including uploading and cross checking, lookups, payouts, underwriting and even direct debiting in an automated and hands-free manner, leaves only tasks such as the amendment or early settlement of contracts to the end-user, and even in such cases allows for simple outsourcing to third party agencies.
NetSol Technologies, Inc.’s (NTWK) Comprehensive Financial Suite
NetSol Technologies’ Financial Suite (“NFS”) provides businesses with comprehensive, custom solutions for credit, lease and loan accounting, fleet management, and wholesale finance needs. Built from the components of LeasePak and LeaseSoft, NFS combines innovation and flexibility with security and accuracy to seamlessly integrate itself with existing platforms and practices.
When the LeaseSoft products were developed, Netsol’s software engineers took the best practices of software development and financial industry business processes. Over a period of more than eight years, they developed the 100+ modules that make up the four comprehensive modules of LeaseSoft, quickly making it one of the leading solutions throughout the markets of Asia. Even though the LeaseSoft products are each, on their own, a complete system, they can be combined in any configuration to provide a custom solution.
The engineers who developed LeasePak have continuously striven to innovate and evolve the product to meet the changing needs of the marketplace. LeasePak consists of a base system that addresses all leasing and finance lifecycle functionality plus optional modules that can be used in any combination to facilitate the business products and processes of any particular organization.
By combining these two products, NFS provides an unparalleled suite of offerings to fit any organization worldwide. Offering an end-to-end automated solution that is efficient, productive, and powerful, the NetSol Financial Suite is the right choice, providing businesses a custom-fit solution for their organization.
NetSol Technologies, Inc. (NTWK) Up Over 30% Since Being Featured by QualityStocks
Wednesday of last week, QualityStocks initiated coverage of NetSol Technologies, Inc. (NASDAQ: NTWK). Since then the stock has risen from $0.80 to a high of $1.08 for gains of 35%! Volume has also increased substantially from a daily average of 105,657 to as high as 673,500 traded shares in a single day.
NetSol Technologies, Inc. leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.
NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.
Analysts are very supportive of the company with an average price target of $2.25. NetSol Technologies recently issued improved financial guidance expectations for its full year fiscal 2010 period ending June 30, 2010. Revenues are anticipated to be between $33.0 million and $35.0 million, representing growth of between 25% and 32%. The company also projects a return to GAAP net income versus a GAAP net loss of $0.30 per diluted share for fiscal year 2009.
NetSol’s years of capital investment in its offerings has the company extremely well positioned as demand amongst fortune 500 clients surges worldwide. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas.
NetSol Technologies, Inc. (NTWK) Awarded Major Information Security Contract
NetSol Technologies, Inc. announced this morning at the opening bell that it has been awarded a major contract in the area of Information Security by a leading mobile telecommunications company in Pakistan. Along with additional revenues, this contract further strengthens NetSol’s position as a leader in the information security services sector in Pakistan.
Needing a highly scalable and high performance solution, the client selected NetSol after a meticulous selection amongst competitive vendors. According to the press release, the client chose NetSol because of its strong information security practices, technical expertise and proven track record in deploying large scale information security solutions for information sensitive organizations.
NetSol offers a cutting-edge and high performance scalable solution that helps clients protect their data centers against security threats coming from the Internet or Intranet. The solution provides impressive security effectiveness, comprehensive coverage for the critical vulnerabilities, and extremely strong electronic defensive measures to prevent typical evasion techniques.
NetSol’s Information Security team will ensure the provisioning of hardware and software, lead the design and implementation, as well as train appropriate staff. This contract win reaffirms NetSol’s position in the market as a trusted partner for enterprise security management.
Add this recent news, (less than 1 hour ago):
"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. "
No wonder the adjusted revenues will likely exceed the Analysts' predictions and the net be positive comes June 2010 (end of Fiscal Year.)
g.p.
Close to one dollar at pre-open.
received another anonymous email for NetSol: "...My new company is on the NASD and has been for ten years, and could move
a quick 200pct.
The company, (NTWK) is currently sitting under a buck, but could shoot up
to new highs soon, it also does over 30m in rev annually ..."
Pretty much the same fare and kind of agreeing with NetSol projected 2010 figures.
NTWK does look very good. Just the last day gain at end of year is already indicative.
GLTA
g.p.
Tried to get in below .90... no go.
In at .91 (very little money so just a few hundred).
With 159,300 traded today, looking very good.
The news helped.
g.p.
Trading at .90, up 20.01%, on 133,903 traded shares!
Average volume is 111,300 traded shares and the markets have only been open 30 minutes!
Early volume way above Friday's close.
Mid-80 start at open and already at .90 bid.
Looks like a good one, QS.
g.p.
NetSol: Early Volume Plays
NetSol Technologies (NTWK Quote) surged by 20 cents, or 27.7%, to 95 cents in the premarket session after the company issued strong guidance for its 2010 fiscal year. NetSol said it expects full-year revenue of $33 million to $35 million, above the consensus target of $31.46 million. NetSol also said it expects to return to GAAP net income for fiscal year 2010, compared with a GAAP net loss of 30 cents a share for fiscal year 2009. The 50-day average daily volume for NetSol is 189,000 shares.
http://www.thestreet.com/_yahoo/story/10650164/1/gigamedia-netsol-early-volume-plays.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
NetSol Technologies, Inc. (NTWK) Provides Financial Guidance for Fiscal Year 2010
NetSol Technologies, Inc., a global U.S. corporation providing global business services and enterprise application solutions, announced today before the opening bell its improved financial guidance expectations for the full year fiscal 2010 period ending June 30, 2010.
Based on current business activities, and preliminary unaudited results, the company forecasts:
– Revenues of between $33.0 million and $35.0 million, representing full year revenue growth of between 25% and 32% versus fiscal year 2009.
– A return to GAAP net income, versus a GAAP net loss of $0.30 per diluted share for fiscal year 2009.
– License revenues to increase more than 100% versus fiscal year 2009.
– Increased sales and pipeline activity driving improved financial performance, including rising demand for NetSol Financial Suite(TM) (NFS), particularly in key markets such as China and North America.
– Improved gross and net margins as a result of cost efficiency measures and corporate restructuring activities completed in recent quarters.
Najeeb Ghauri, NetSol Technologies chairman and chief executive officer, stated, “We are pleased to report our fiscal year 2010 expectations for a significant double-digit improvement in annual revenue growth and most importantly a return to GAAP profitability as demand for our core NetSol Financial Suite(TM) (NFS) financial enterprise software business continues to improve. Renewed strength in our licensing sales reflects the ramping of new purchasing decisions among existing as well as new customers, with particular strength coming from the Asia Pacific region, especially China. Rising sales, combined with our streamlined operating structure, are creating excellent leverage which is reflected in our new projections for GAAP net income. With a return to profitability in sight, we believe NetSol is extremely well positioned to gain market share and unlock the value we see in our premier global software and IT business platform.”
As usual, the fiscal second quarter 2010 reporting date as well as investor conference call and web cast details will be announced in advance via a public press release.
QS, this one does look good.
Looking forwards to your next posts.
(I do also, read your daily letters.)
Except for that after hour trade, NetSol should have closed
well over .80.
g.p.
NetSol Technologies, Inc. (NTWK) Led by a Superb Management Team
NetSol Technologies Inc. is a worldwide provider of global business services and enterprise application solutions, leveraging its BestShoring practices and highly experienced resources to deliver high-quality, cost-effective solutions. The company has operations all around the globe and its clients include Fortune 500 manufacturers, global auto makers, financial institutions, utilities, technology providers and government agencies.
The company is led by a highly-skilled management team. Some of the members of the company’s management team include:
Najeeb Ghauri – Chairman and CEO
Mr. Ghauri was responsible for restructuring NetSol’s business model into that of an IT company. He has oversaw the growth of the company from five people to almost 1000 people and the growth in revenues from $100,000 in 1998 to $37 million in 2008. Today, NetSol has nearly 200 customers worldwide and offices in six countries. Mr. Ghauri has been nominated twice in the United States for the Ernst & Young ‘Entrepreneur of the Year’, in 2001 and again in 2008.
Mr. Ghauri was instrumental in the completion of the company’s IPO in 1998 and spearheading the listing of the company on the Nasdaq in 1999. At the time of its IPO, NetSol was the first IT company originated from Pakistan to be listed on the Nasdaq. The company is also listed on the Dubai Stock Exchange and its Pakistani subsidiary is listed on the Karachi Stock Exchange in Pakistan.
Prior to launching NetSol in the United States, Mr. Ghauri had over 15 years of combined marketing and management experience with Fortune 500 companies such as Unilever and ARCO.
Boo-Ali Siddiqui – CFO
As CFO and company secretary of Netsol Technologies, Mr. Siddiqui has managed the finances of all companies in the Asia group since 2005. Prior to this, he served as Deputy Registrar of Companies for the Securities & Exchange Commission of Pakistan and as senior manager, audit & tax, for the chartered accountants, Ehtisham & Co.
Naeem Ghauri – President and Head of Global Sales
At NetSol Technologies, Mr. Ghauri is responsible for all business development, mergers & acquisitions, account management and sales activities worldwide. Prior to heading the global sales organization, he served as president of NetSol’s European region and global products. Mr. Ghauri brings a wealth of IT experience in the finance industries and management experience in international markets. He was a senior IT consultant with various blue-chip companies in Europe and worked for major financial firms such as Citibank and Fidelity Investments.
Patti L. W. McGlasson – Company Secretary and Corporate Counsel
Ms. McGlasson joined NetSol as corporate counsel in January 2004 and was elected to the position of secretary in March 2004. Prior to joining NetSol, she practiced law at Vogt & Resnick, where she focused on corporate, securities and business transactions.
NetSol Technologies, Inc.’s (NTWK) Undiscovered Success and Exceptional Growth Potential
NetSol Technologies, Inc., an enterprise software and business services provider with a footprint spanning the global marketplace, has operations in such diverse locations as Beijing, Bangkok, London, Lahore, Adelaide, Riyadh, San Pedro Sula and San Francisco. This broad physical base of operations enhances and affirms NetSol’s philosophy of seamless integration, best exemplified by their core BestShoring™ methodology, which is designed to eliminate the risks associated with outsourcing.
NetSol thrives on specialized solutions that are engineered to the client’s specific industry, from hospital/healthcare information management systems (HIMS) and SAP consulting and services, to credit and finance portfolio management systems, including systems integration and technical services. NetSol is a leading provider of SAP solutions and is committed to the idea that comprehensive project management is the key to delivering SAP projects in a time- and cost-effective manner.
The future looks bright for NetSol, with both Maxim Group and Rodman & Renshaw showing upbeat analysis of the Company’s fundamentals. NetSol Q1 FY 10 revenue was $7.6mm, showing 11% sequential growth from Q4 FY 2009 figures, driven largely by licensing fees (up 99% sequentially to $2.6mm), with revenue beating out expectations and showing quarter-to-quarter growth in what is typically a seasonally weak quarter.
With gross margins up 53.3%, and an estimate by Maxim Group that margins will continue to rise, NetSol is well positioned to achieve management’s intentions of growing revenue. In fact, the Company has already managed to sign 80% of last year’s revenue in the first fiscal quarter of this year, a very promising sign when considered alongside a historical compounded annual growth rate of 58% (up until 2008 when the global economic crisis began).
Recent awarding of a $2M software and IT services contract, which will utilize NetSol’s NFS suite, from one of China’s leading automotive finance companies is a strong indicator of the Company’s expansion into Asian markets. Due to the explosive growth potential of the Chinese automotive finance sector, NetSol has redoubled its efforts to expand its foothold in the market and support existing business in China, which has proven to be a real asset in terms of revenue generation.
NetSol’s Defense Division (NDD), a business unit of NetSol, recently announced plans to team with a top-five U.S. defense contractor to satisfy a request by the Pakistan Ministry of Defense. The contract bid is for upwards of 5 years and is estimated to be worth in excess of $350M. This contract will build on the existing relationship between NDD and the Pakistan Military, and will help to meet the growing demand for automation and modernization of Pakistan’s defense sector.
NetSol has also recently announced the planned expansion of a wholly-owned Chinese subsidiary from its Beijing operating center. In order to capitalize on its leading market position in the Chinese captive asset finance software space, and the booming Chinese economy (which has seen a decade of double-digit increases in disposable income), NetSol will attempt to grow its China-specific revenue to 25% of total revenue by FY 2010.
Having recently acquired its ninth major Chinese customer, NetSol is ready to put its plan for Chinese expansion into place with the new Chinese Delivery Center, and will offer additional services from its portfolio to the local market to supplement its NFS software solutions. With plans to complete the comprehensive compliance process and establish the subsidiary within the current fiscal year, NetSol aims to make even bigger waves in China while continuing to support its existing clients via the Beijing office.
NTWK is “One to Watch”
NetSol Technologies, Inc., a worldwide provider of global business services and enterprise application solutions, leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.
NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.
Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Dubai, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies’ clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Netsol is well positioned with its core product offerings as it continues to expand into new international market opportunities. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas.
I think we have a bit more of a run here. glty
I'm done with the stock for now. Made some good coin over the last couple years trading it.
glty
That seemed like a good time to buy. Now if the eanings are good, we might even go higher
Maybe- Bowser report came out with a sell reccomendation last week.
Will it get back to 50 cents ?
I got out with a small profit a couple days ago. May reload around 50 cents
Either something has leaked or it is just a pump and dump. I'd be careful. Volume just doesn't power up like that for no reason. If you look back on the chart at April 20th, one big white candle than a -40% he next day. I don't know what to think of the chart really. Personally I wouldn't buy at .57, wait for dip and hope for a run like April 6th to the 14th. You'd be looking at about .90. I didn't see any recent news. GLA!
We got a little bump with volume today. Still like the chart?
today Q3/09 financials... hope for the best and a big up...
NetSol Technologies to Announce Fiscal Third Quarter 2009 Results on May 12, 2009
EMERYVILLE, CA--(Marketwire - May 7, 2009) - 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 third quarter 2009 financial results, for the period ended March 31, 2009, on Tuesday, May 12, 2009.
Following the distribution of the fiscal third quarter 2009 financial results, NetSol will host a conference call at 11:00 a.m. ET (8:00 a.m. PT) to review the quarterly financial and operational performance. Najeeb Ghauri, NetSol Technologies chairman and chief executive officer, will host the call, which will be webcast live. The webcast and a supporting slide presentation will be made available on the investor relations section of the NetSol corporate website at www.netsoltech.com. Telephone access to the conference call will be available in North America by dialing +1 (877) 407-0782 or internationally by dialing +1 (201) 689-8567.
An audio replay of the conference call will be available approximately two hours following the conclusion of the call and for the following 30 day period. To access the replay in North America, dial +1 (877) 660-6853 or, when calling internationally, dial +1 (201) 612-7415, using replay account code # 286 and conference ID # 322543. An archived replay of the conference webcast will also be available on investor relations section of the NetSol corporate website at www.netsoltech.com.
gltya..
Alliance with Atheeb Group?
It´s huge. Prince Abdulaziz bin Ahmed Al sahud $$$$$$$$$
http://www.netsoltech.com/html/about_us/picture_gallery/atheeb.html
thanks for the chart, looks like it may turn here
NTWK - Chart looks really good to me guys. Rather fair day today.
Didn't seem to do dilly actually. No run here.
Today.. big run.. Rally.. good news out..
http://www.marketwire.com/press-release/Netsol-Technologies-Inc-NASDAQ-NTWK-982190.html
Go for the dollar..
NVD - Ready to go at any moment. Huge volume today getting ready fro the boomer!
Hope this will rally soon..
NTWK - Bottom bounce play!
Chart looking good to go. In @ .455 today.
GLA!
just got home from school- no idea why the stock went ballistic today. Could be some dump and dump scheme. I saw ORS do a similar move a couple weeks ago. Some stockpreacher site was involved, from what I understand.
Where is everyone on this glorious day? High of the day at this point hit .72. We're getting closer and closer to that dollar.
Getting some attention today. I don't understand why, but I like it. I don't see any news. i can't believe there's no one in here talking about the big jump today.
We're in the money man! This is going back to dollar land I hope =)
I've been holding on to this one for some time now. In .99. Just bought some last week @ .30. Run baby run.
never a doubt in my mind, lol.
Well, it looks like we're headin' back that way =)
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NetSol Technologies, Inc. (NTWK), a worldwide provider of global business services and enterprise application solutions, leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.
NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.
Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Netsol is well positioned with its core product offerings as it continues to expand into new international market opportunities. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas.
Most Recent News: http://finance.yahoo.com/q/h?s=NTWK
Webcasts - Conference Calls: http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=897&to=cp&Nav=0&LangID=1&s=0&ID=1332
SEC Filings: http://www.b2i.us/profiles/investor/seclink.asp?BzID=897
IR Contact:
Christopher Chu | |
Grayling | |
cchu@hfgcg.com | |
Phone: | (646) 284-9426 |
Fax: | (646) 284-9494 |
Najeeb Ghauri
Chairman and Chief Executive Officer
Najeeb Ghauri is Chairman of the Board of Directors and CEO of NetSol Technologies, Inc., a worldwide provider of business solutions and enterprise application solutions. In the early years of the Company, Mr. Ghauri was responsible for restructuring the company's business model into that of an IT company and was instrumental in the completion of the NetSol Technologies IPO in 1998. He also spearheaded the successful listing of NetSol (NTWK) on the Nasdaq Capital Market (formerly known as Nasdaq Small Cap) in December 1999. At the time of its IPO, NetSol was the first IT company originated from Pakistan to be listed on Nasdaq. NetSol grew from just five people to almost 1000 in 2009 and grew from $100K revenue in 1998 to $37MN in 2008. Today, NetSol has nearly 200 customers worldwide and offices in 6 countries.
Mr. Ghauri was influential in listing NetSol's Pakistani subsidiary on the Karachi Stock Exchange (KSE). In addition, Mr. Ghauri helped establish the first US Company listed on both Nasdaq Capital Market (NASDAQ CM:NTWK) and Dubai stock exchange (NASDAQ DUBAI:NTWK).
On September 13, 2006 and again in June 25, 2008, Mr. Ghauri represented NetSol Technologies as he presided over the closing bell for the Nasdaq Exchange in New York City. He has been twice nominated in the United States for the Ernst & Young ‘Entrepreneur of the Year', once in 2001 and again in 2008.
Prior to launching NetSol in the U.S., Mr. Ghauri had over 15 years of combined marketing and management experience with Fortune 500 companies such as Unilever and Atlantic Richfield Corporation (ARCO). He received his bachelor's degree from Eastern Illinois University and earned an MBA in marketing from the Drucker School of Management at the Claremont Graduate School.
Mr. Ghauri is also active in various charitable and educational non-governmental organizations (NGOs) worldwide. He is a founding board member of the Pakistan Human Development Fund, which provides educational tools to children in underdeveloped areas of Pakistan. He is also a founding board member and Vice-Chairman of the U.S. Pakistan Business Council in Washington, D.C., a U.S. Chamber of Commerce body and the leading private sector association in the United States promoting trade and investment between the United States and Pakistan.
Boo-Ali Siddiqui
Chief Financial Officer
As Chief Financial Office and Company Secretary of NetSol Technologies Ltd., Mr. Siddiqui has managed the finances of all companies in the Asia group since 2005. Previous to this he served as Deputy Registrar of Companies for the Securities & Exchange Commission of Pakistan (SECP) and as Senior Manager, Audit and Tax, for Ehtisham & Co., Chartered Accountants.
Mr. Siddiqui holds a Bachelor of Commerce from Hailey College of Commerce, Lahore, University of The Punjab, Pakistan, is a Fellow Member of both the Institute of Chartered Secretaries & Managers (FICS) and the Pakistan Institute of Public Finance Accountants (FPA), and is an Associate Member of the Institute of Chartered Accountants of Pakistan (ACA).
Patti L. W. McGlasson
Company Secretary and Corporate Counsel
Patti L. W. McGlasson joined NetSol as Corporate Counsel in January 2004 and was elected to the position of Secretary in March 2004. Prior to joining NetSol, Ms. McGlasson practiced law at Vogt & Resnick, where she focused on corporate, securities and business transactions. Ms. McGlasson was admitted to practice in California in 1991. She received her BA in Political Science in 1987 from the University of California, San Diego and her JD and LLM in Transnational Business from the University of the Pacific, McGeorge School of Law, in 1991 and 1993, respectively.
Salim Ghauri
President, Netsol Technologies Asia Pacific Region
Salim Ghauri is the President Netsol Technologies Inc. Asia Pacific Region and founder of former named Network Solutions, Ltd. Lahore, Pakistan, a wholly-owned subsidiary of NetSol Technologies, Inc.
Before establishing NetSol Technologies, Mr. Ghauri was a successful IT consultant in Australia. His last assignment was with BHP Steel in Sydney. As a system integrator he was responsible for software and hardware solutions. His main achievement was the introduction of a PC-based network in BHP Steel. From 1988-89, Mr. Ghauri consulted with the State Rail Authority of NSW Australia for its MIS reporting.
Prior to moving to Australia, he was in Saudi Arabia, where he started his IT career at Citibank, Riyadh in 1979. After leaving Citibank, he started his first venture. Mr. Ghauri is credited with setting up the first IT-based training institute and a software house in Damam, Saudi Arabia.
Mr. Ghauri received his BS degree in Computers from the University of Punjab in Lahore.
Naeem Ghauri
President and Head Of Global Sales
As Head of Global Sales for NetSol Technologies, Mr. Ghauri is responsible for all Business Development, M&A, Account Management and Sales activities worldwide. Prior to heading the global sales organization, Naeem served as President of Netsol Technologies Inc. European Region and Global Products. Naeem Ghauri brings a wealth of IT experience in the leasing and finance industries and tremendous business management experience in international markets.
From 1994-1999, he was a senior IT consultant with various blue-chip companies in Europe. At Debis, he managed the Hercules Project, a complex and challenging project valued in excess of $70 million. It involved supervising over 200 project managers, developers, analysts and users in nine European countries.
Prior to taking on the Hercules Project, Mr. Ghauri was a senior project manager in Singapore with Mercedes. From 1983-1995, he held various assignments in Australia and the United Kingdom with Citibank and Fidelity Investments, respectively, in data processing departments. He also ran several successful business ventures in retail computers and in the real estate industry in Australia.
Imran Haider
Chief Operational Officer, NetSol Technologies North America
Imran Haider is a seasoned IT professional with proven expertise in Sales and Information Technology Management. He has been working with NetSol Technologies since 2002 and has played a vital role in the company's success in Asia Pacific region. Before joining NetSol Technologies, Imran had worked with Sayyed Engineers and Interactive Communications in roles related to system implementation, market research, and sales.
Mr. Haider is highly qualified in disciplines of Sales, Marketing, Finance and Information Technology. He completed his MBA in 1999, with focus on Marketing and Finance, from the prestigious Lahore University of Management Sciences (LUMS) Pakistan. Later he returned to LUMS and augmented his qualification with a certification in IT Management. Imran also holds a Master's Degree in Economics from University of the Punjab, Pakistan.
Prab Brinton
Vice President, Human Resources and Operations
Prab Brinton serves as Vice President of Human Resources and Operations for NetSol Technologies North America. With over 15 years of experience in Human Resources and Operations in the Technology and Financial sectors, Ms. Brinton brings a diverse level of experience to her position. Ms. Brinton's prior work experience has included Oracle, Etec Systems, First Franklin Financial, and FKI Logistex. Ms. Brinton attended San Francisco University with a concentration in the field of Human Resources.
Mike Miller
Vice President, Partner Services
Mike Miller serves as Vice President of Partner Services as part of NetSol's Global Sales organization. With his many years of experience in commercial equipment leasing, banking, systems, project management, operations, and training, Mr. Miller brings an extraordinary level of experience to his position. Mr. Miller has worked with many of the premier leasing firms in North America in his 30-plus years of experience in the fields of business operations and information technology.
His depth of experience in the world of financial services is exceeded only by the extraordinary versatility he brings to his position at NetSol Technologies North America. Mr. Miller has earned a reputation as an invaluable and committed business partner to NetSol customers.
Malea Farsai
Corporate Counsel
Malea Farsai is Corporate Counsel for NetSoI Technologies, Inc. Prior to joining the company, Ms. Farsai represented NetSol in a private law firm practice, which focused primarily on corporate, securities, intellectual property and general transactional matters. Ms. Farsai was admitted to practice in California in 1996. She received her BA in Political Science in 1992 from University of California, Irvine and her JD in 1996.
Sajjad Kirmani
Executive Vice President IT/Operations, NetSol Technologies, Ltd.
Sajjad Kirmani is the Executive Vice President and the Director for NetSol Technologies Limited. He has been associated with NetSol since May 1998. As EVP IT & Operations, he manages the operation of the company across the broad spectrum of IT products and services portfolio as well as supporting functions of human resource management, network operations and quality engineering.
Mr. Kirmani has over 22 years of professional IT experience in software development, project management and Information Systems management. Prior to joining NetSol, Mr. Kirmani worked for Coca-Cola Corporation for 6 years as Information Services Manager for their South West Asia Region spreading across 5 countries in Asia Pacific.
Mr. Kirmani holds a Master's degree in Computer Sciences from University of London with specialization in Database Management & Information Systems, along with a Master of Business Administration (MBA) degree from IBA, University of the Punjab. He is the Executive Council member of Computer Society of Pakistan Lahore Chapter and was the Vice president of Pakistan Software Houses Association (PASHA) from 2003-2004.
Shaz Khan
Senior Vice President, SAP Sales and Solutions
Shaz Khan is Senior Vice President, SAP Sales and Solutions at NetSol Technologies. He has been actively implementing SAP solutions for over 12 years with a specific focus in SAP supply chain and procurement applications, including Supplier Relationship Management (SRM), MDM, and Materials Management/Production Planning. Shaz oversees all SAP practice areas and service offerings under NetSol Technologies, including SRM, SCM, MDM and Interactive Forms, Portal, and Business Objects. He combines his extensive experience in Information Technology, Project Management, Business Process Modeling, and SAP Supply Chain consulting to lead consulting teams to deliver high-value and results-oriented SAP solutions for Fortune 1000 clients.
He began his career as a Senior Information Technology Consultant with Ernst & Young and has managed and implemented SAP supply chain, strategic sourcing and procurement, and business process reengineering projects for numerous clients in the Media, Entertainment, Chemical, Oil, and Financial Services Industries. Shaz is a certified SAP Materials Management and SAP SRM consultant and an accomplished author of two SAP configuration guides, SAP SRM Extended Classic Cookbook and SRM Advanced CCM Cookbook. Shaz received his B.A. in Computer Science and a B.A. in Economics from the University of California at Berkeley.
Mark Pellas, PMP
Senior Vice President, SAP Consulting Services
Mark Pellas is Senior Vice President, SAP Consulting Services at NetSol Technologies. Mark is responsible for managing the consulting personnel, providing tools and procedures required to support the sale and delivery of SAP solutions, and for providing guidance on project timelines and resource planning for all engagements. In addition, Mark oversees all SAP alliance partnerships and joint marketing programs for NetSol Technologies.
He has been working with SAP in various positions since 1991 and received his first exposure to SAP as an ABAP developer in R/2. He worked for SAP Australia as a Client Engagement Manager and Lead Technical Consultant managing projects for large local clients before moving to the United States in 1995. Mark brings considerable project management experience and a strong understanding of the development and project implementation methodologies instituted at Big 4 implementation partners. Mark has consulted for major Fortune 500 clients including Pacific Gas and Electric, Eveready Batteries, Caltex Petroleum, Browning Ferris Industries, LTV Steel, General Motors, Delphi Automotive, TiVo Inc, Deluxe Checks Inc, NBC Universal, Clark County, Nevada and SAP. Mark is a PMP certified professional and received his Bachelor of Applied Science from University of Tasmania and a Bachelor of Education from Tasmanian State Institute of Technology.
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