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Monday, August 09, 2010 12:23:42 PM
For NetSol Technologies Inc. (NASDAQ: NTWK), global provider of enterprise application solutions, the recent jump in North American sales is frosting on the cake, coming off of significant accomplishments overseas. The company had been focusing on its growing global position, recently announcing a major contract with Sany Corp. of China. Sany is the largest concrete machinery manufacturer in the world, and is considered to have the highest growth momentum in China. NetSol then announced the successful implementation of its NFS (NetSol Financial Suite) by Minsheng Financial Leasing Co. Ltd.
And now the company has declared a major rebound in quarterly North American sales, resulting largely from current clients ordering enhancements and upgrades to existing installations. Orders include the purchase of additional licenses for NetSol’s LeasePak lease management solution plus software upgrades for the company’s Wholesale Finance System.
NetSol Chairman and CEO, Najeeb Ghauri, commented, “The increase in enhancement-related revenue suggests growing North American demand for our LeasePak product. As our major U.S.-based clients seek to upgrade their existing systems, we look forward to providing them with flexible, modular software solutions to meet their changing needs. We are very upbeat about the long-term outlook for NetSol’s products and services in the U.S. market.”
NetSol’s LeasePak has long been the lease, loan, and asset solution for leading banks, equipment lessors, commercial loan companies, and vehicle lessors throughout North America, and is a key component of the company’s Finacial Suite (NFS) comprehensive lifecycle product.
Overall, NetSol has weathered the ongoing economic storm far better than most, due to its strong relationship with software giant SAP and the well known quality of its products and services. The company has achieved ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide.
Recent NTWK News
- 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
- NETSOL's Calculation Engine Flex Now Empowering Haydock Finance’s Broker Division • GlobeNewswire Inc. • 02/29/2024 01:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 07:08:18 PM
- NETSOL Technologies Reports 23% Revenue Growth and EPS of $0.04 in Fiscal Second Quarter 2024 • GlobeNewswire Inc. • 02/13/2024 01:30:00 PM
- NETSOL Technologies Announces Major Updates on Otoz Platform and Recent Traction with Key Automotive Clients • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- NETSOL Technologies Sets Fiscal Second Quarter 2024 Conference Call for Tuesday, February 13 at 9:00 am ET • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Form SCHEDULE 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/30/2024 03:28:30 PM
- NETSOL Technologies appoints Jason Hurwitz as Sales Director of Europe • GlobeNewswire Inc. • 01/16/2024 01:30:00 PM
- Haydock Finance Subscribes to Additional Appex Now Products – Dock and Lane • GlobeNewswire Inc. • 01/03/2024 01:30:00 PM
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