Revenue Update on NetSol Technologies(NASDAQ:NTWK)

NetSol Technologies(NASDAQ:NTWK) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 15, 2016. Company reported revenue of $19.08M. Analysts estimated a revenue of $16.70M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.11.

NetSol Technologies (NTWK) shares turned negative on Tuesdays trading session with the shares closing down -0.17 points or -2.72% at a volume of 30,960. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.3013. The peak price level was also seen at $6.3013 while the days lowest was $6.07. Finally the shares closed at $6.09. The 52-week high of the shares is $9.5 while the 52-week low is $5.02. According to the latest information available, the market cap of the company is $65 M.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Najeeb Ghauri (CEO) purchased 6,500 shares at $6.40 per share price.Also, On Mar 24, 2016, Eugen Beckert (director) sold 1,438 shares at $7.01 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.

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