NetSol Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 13, 2024 at 08:30 am EST
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NetSol Technologies, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 15.24 million compared to USD 12.39 million a year ago. Net income was USD 0.408316 million compared to net loss of USD 2.09 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.19 a year ago.
For the six months, revenue was USD 29.48 million compared to USD 25.1 million a year ago. Net income was USD 0.439206 million compared to net loss of USD 2.71 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.24 a year ago.
NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions primarily serving the global leasing and finance industry. The Company is engaged in licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent to businesses in the global finance and leasing space. The Company operates through three segments: North America, Europe and Asia-Pacific. Its NFS Ascent is built on cutting-edge, modern technology that enables auto, equipment and big-ticket finance companies, alongside banks, to run their retail and wholesale finance business with ease. NFS Ascent Constituent Applications include Omni Point of Sale (Omni POS), Contract Management System (CMS), Wholesale Finance System (WFS), Dealer Auditor Access System (DAAS), NFS Ascent deployed on the cloud and NFS Digital. It also offers Otoz Digital Auto Retail and Mobility Orchestration, Otoz Ecosystem and AppexNow.
NETSOL TECHNOLOGIES, INC. 
