NetSol Technologies (NTWK) Releases Earnings Results, Beats Expectations By $0.22 EPS

NetSol Technologies (NTWK) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.22. Analysts had a consensus of $0.08. The company posted revenue of $15.90 million in the period, compared to analysts expectations of $16.26 million. The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

NetSol Technologies opened for trading at $6.8 and hit $6.9899 on the upside on Friday, eventually ending the session at $6.97, with a gain of 2.80% or 0.19 points. The heightened volatility saw the trading volume jump to 16,643 shares. Company has a market cap of $73 M.

In a different news, on Mar 24, 2016, Eugen Beckert (director) sold 1,438 shares at $7.01 per share price. According to the SEC, on Nov 19, 2015, Najeeb Ghauri (CEO) purchased 4,200 shares at $5.57 per share price. On Jun 19, 2015, Patti L W Mcglasson (General Counsel & Secretary) sold 1,000 shares at $5.45 per share price, according to the Form-4 filing with the securities and exchange commission.

NetSol Technologies Inc. is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing customization enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry. The Company’s offerings include its global solution NFS. The four software applications under NFS have been designed and developed for a setting and deals with multinational multi-company multi-asset multi-lingual multi-distributor and multi-manufacturer environments. Each application is used independently to address specific sub-domains of the leasing/financing cycle. NFS and NFS Ascent have various applications such as loan origination system contract management system wholesale finance system and fleet management system. It operates in three regions: North America Europe and Asia-Pacific.

NetSol Technologies

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