Low floater Netsol Technologies Inc. (Nasdaq: NTWK) will report strong earnings/growth on Wednesday, September 14, 2005.
**** Here is a preview of what to expect:
- 2005 Revenues of over $11 million or about 93% growth compared to $5.7 million recorded in 2005. Guidance was $9 to $10 million in revenues for 2005.
- Profitable 4Q 2005. The fourth consecutive profitable quarter.
- Profitable 2005 compared to a loss of over 30c/share in 2004.
- A strong balance sheet with an over 100% increase in shareholder value in the last 12 months.
- Highlights of a successul IPO of one of its subsidiaries in the Karachi (Pakistan) Stock market. The IPO raised over $6 million and was the most successful IPO this year.
- A strong guidance with further explosive growth and continued profits.
Most of the above comments were detailed in the company pre-announcement of the year-end results back in July. The pps gained 20% on high volume following the announcement:
Finally, NTWK's IPO of one of its subsidiaries in the Karachi Stock Exchange, was an unprecedented sucess. Ironically, the IPO which represents about 27% of the company has a current market cap of over $20 million US dollars...almost as much as the market value of the company trading in the Nasdaq exchange!!
NetSol Technologies, Inc. engages in the design, development, marketing, and exporting of software products to customers in the automobile finance and leasing industry worldwide. It also provides consulting services. The company offers various products, including leasing and finance systems; treasury and banking systems; and knowledge and content management systems. The Pakistan Goverment is one of Netsol's largest customers.
Netsol also provides an array of professional services, such as outsourcing, reengineering, systems integration, customized IT solutions, project/program management, and IT management consultancy, as well as other professional services, including e-business solutions.
The company provides its services primarily to the clients in global commercial industries, including automotive, chemical, tiles/ceramics, Internet marketing, software, medical, banks, U.S. higher education and telecommunication associations, and financial services. The company has strategic relationships with DaimlerChrysler Services AG, Intel Corporation, and Maxim Group, LLC. NetSol Technologies was founded in 1997 and is headquartered in Calabasas, California
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.