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Thursday, January 07, 2010 2:09:08 PM
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.
Recent NTWK News
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 05:42:02 PM
- Charles & Dean Finance Subscribe to Appex Now Products Flex and Dock • GlobeNewswire Inc. • 08/01/2024 12:30:00 PM
- NETSOL signs $16 Million Agreement with Major Automaker to Revolutionize Digital Car Buying and Leasing Experience in the United States • GlobeNewswire Inc. • 07/16/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:50:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 10:06:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 07:00:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 04:30:40 PM
- NETSOL Technologies Reports 14% Revenue Growth and EPS of $0.03 in Fiscal Third Quarter 2024 • GlobeNewswire Inc. • 05/20/2024 12:30:00 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 05/10/2024 03:05:40 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 05/10/2024 10:05:11 AM
- NETSOL Technologies Reschedules Fiscal Third Quarter 2024 Conference Call • GlobeNewswire Inc. • 05/08/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 04:40:15 PM
- NETSOL Technologies Sets Fiscal Third Quarter 2024 Conference Call for Thursday, May 9 at 9:00 am ET • GlobeNewswire Inc. • 04/25/2024 12:38:36 PM
- Leading German Auto Finance Company Goes Live with Full NFS Ascent Suite to Support Operations in South Korea • GlobeNewswire Inc. • 04/09/2024 12:30:00 PM
- NETSOL Technologies Achieves AWS Foundational Technical Review Badges for Five Products • GlobeNewswire Inc. • 04/02/2024 12:30:00 PM
- Close Brothers Goes Live with NETSOL's Cloud-Based Calculation Engine Flex • GlobeNewswire Inc. • 03/26/2024 12:30:00 PM
- NETSOL Technologies, Inc. Achieves Advanced Tier Partner Status with Amazon Web Services • GlobeNewswire Inc. • 03/21/2024 12:30:00 PM
- NETSOL Signs $12 Million Agreement with Major Global Automotive Company for Operations in China • GlobeNewswire Inc. • 03/13/2024 12:30:00 PM
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