NFS Kickoff BYD

April 6th, 2011: NetSol had the official “kick-off”, where the project team went on site to begin work on implementation for BYD Auto in Shenzhen, Guangdong Province. BYD Auto (Build Your Dreams) is a Chinese automobile manufacturer established in 1995 and is one of the largest group in China at the moment which functions as a captive finance company to provide low-priced car leasing. BYD has purchased the complete NFS Suite and the “go-live” is planned for February 2012.

Launch of LeasePak-SaaS

March 17, 2011 : NetSol Technologies, Inc. announced the North American launch of LeasePak-SaaS, a subscription-based lease and loan accounting and portfolio management system delivered using the software-as-a-service ("SaaS") deployment model.

NetSol's LeasePak Enterprise finance management system has been used by global finance teams in banks, manufacturing captives, and independents for over 25 years. Until now, the system has been available only as licensed software, however NetSol is now offering the full system for a monthly service fee. Small and midsize finance companies need not invest in IT infrastructure or hiring dedicated IT staff to enjoy the benefits offered by LeasePak-Saas since it is a financially viable option.

Designed to streamline asset-based finance operations from contract origination through end-of-term, LeasePak-SaaS is the first cloud-based, end-to-end portfolio management and accounting system for asset-based finance.

Commenting on the business benefits of the new offering, NetSol's Chairman and CEO, Najeeb Ghauri, stated, "LeasePak-SaaS will enable equipment and vehicle finance organizations to eliminate the overhead of software licensing, installed systems, dedicated IT resources and desktop maintenance services. Now, finance managers can provide their teams with the many benefits of cloud computing with no compromise in the scalability, functionality, or end-to-end integration of their core portfolio management solution."

Mr. Ghauri continued, "The SaaS deployment option means that we can provide customers with as much technology as they need, scale their systems as they grow, and enable originators, accounting staff, and managers to use any computer, anywhere, at any time to securely access their information and track asset finance performance."

Philip Copple of “Asset Finance International” wrote about the launch of LeasePak-Saas; to read the article please click here

Second Quarter Fiscal 2011 Financial Highlights

On Feb 10, 2011, NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK) (Nasdaq Dubai:NTWK) announced its financial results for the second fiscal quarter ended December 31, 2010. The Company had one of the strongest quarters in its history; highlighted by continued revenue growth, increased profitability, and improved margins for NetSol.  Demand from both new and repeat customers remained robust during the quarter, and the bottom line also improved as NetSol continued to implement cost-management measures and streamline business processes. Following are some of the financial highlights:

• Revenues for the second quarter of fiscal year 2011 increased by 9.5% year-over-year to $10.4 million, up from $9.5 million in the second quarter of fiscal 2010.
  • License fees totaled $3.1 million or 30.0% of total revenues.
  • Maintenance fees totaled $2.0 million or 19.4% of total revenues.
  • Service fees totaled $5.3 million or 50.6% of total revenues.
• Net income attributable to NetSol for the second quarter increased to $1.9 million, compared with a net loss of $0.4 million for the second quarter of fiscal 2010.
   
• Gross margin for the second quarter was 66.5% based on gross profit of $6.9 million, compared with a 62.2% margin and gross profit of $5.9 million in the same period last year. 
   
• Operating income and operating margin for the second quarter were $3.9 million and 37.4%, respectively, compared to $1.7 million and 17.8%, respectively, in the second quarter of fiscal 2010. 
   
• EBITDA totaled $3.2 million or $0.06 per diluted share, versus EBITDA of $0.9 million, or $0.03 per diluted share, in the year-ago period. 
   
• Earnings per diluted share were $0.04 for the quarter, compared with a loss per share of $0.01 in the same period a year ago.

For more details please view NetSol Technologies, Inc. Second Quarter Fiscal 2011 Earnings Call

Webcast link: http://viavid.net/dce.aspx?sid=0000811E

NetSol Technologies Announces Participation in SAP(R) EcoHub Solution Marketplace

On January 6, 2011, NetSol announced its participation in the SAP(R) EcoHub solution marketplace. This community-powered solution marketplace makes it easier for customers to discover, evaluate and buy partner solutions, including smartOCI(TM) from NetSol Technologies, that complement SAP applications.

"SAP EcoHub allows prospective customers to view and locate information about complementary products from SAP partners in one convenient location," said Najeeb Ghauri, chairman and CEO of NetSol Technologies. "Potential buyers can access a broad range of information on products listed on SAP EcoHub, including reliable testimonials, supplementary product information and certification details, which in turn help customers to make informed purchasing decisions. We're pleased to participate in SAP EcoHub with a listing of smartOCI(TM) included on the site."

The SAP EcoHub provides customers access to complementary solutions and offerings that work best for their installation of SAP solutions. It integrates community input, user feedback, ratings and partner demos, enabling more educated and intelligent decision making for buyers.

smartOCI(TM) is listed at https://ecohub.sdn.sap.com/irj/ecohub/solutions/smartoci. Resources available for download from the SAP EcoHub site include a smartOCI(TM) summary, an informational white paper, and product videos and ratings. Also provided are certification details for smartOCI(TM) and the ability to request a live demo or contact from NetSol Technologies.

As an established SAP services partner, SAP channel partner and independent software vendor offering solutions in support of SAP applications, NetSol has made serving the needs of customers using SAP solutions a top priority. Most recently, its smartOCI(TM) 1.0 solution earned SAP-certified integration with the SAP Supplier Relationship Management (SAP SRM) application via the open catalog interface (B2B-OCI) integration scenario.

smartOCI(TM) is an on-demand, intuitive search engine platform that allows customers to optimize their procurement operations by unifying catalog content from punch-out suppliers, standard stock parts, and internal content, and presenting the results in one search interface. smartOCI(TM), used in conjunction with SAP solutions, reduces the transactional, maintenance and infrastructure costs associated with procuring goods and services from suppliers and allows companies to achieve meaningful cost savings and operational efficiencies in the supply chain.

SAP EcoHub is live at http://ecohub.sap.com. Visitors can search for solutions by industry, solution, keywords, relevance, partner or a variety of other criteria. Solutions can be evaluated online based on feedback from other users, partners and business experts. Visitors can view an online demo on SAP EcoHub, obtain more information by requesting to be contacted by the provider, and initiate purchase of the solution.

NetSol Technologies Signs Strategic Understanding With SANY Auto Finance Co., Ltd. for Enhanced Financial Solutions and IT Services

On January 4, 2011, an agreement was signed by NetSol's Asia-Pacific President Mr. Salim Ghauri and SANY Group Co. Ltd. President Mr. Tang XiuGuo in a prestigious ceremony in conjunction with the opening of SANY Auto Finance Co., Ltd. in Changsha. It signifies the intent of SANY and NetSol to be partners both inside and outside the People's Republic of China and stipulates that if SANY enters any international markets as a captive finance company, NetSol will be the preferred system vendor. SANY Group Co., Ltd. is among the top 20 machinery equipment manufacturers in the world, with $4.6 billion in sales during 2009 and 60% annual revenue growth from 2008.

SANY Group was recently recognized as one of China's Top 500 Enterprises of 2010, "Top Chinese Enterprise" by Forbes, "Brand with the Highest Growth Momentum in China," one of the "Top 50 Globally Competitive Chinese Companies" by Entrepreneur Magazine, and one of the "Top 500 Brands in Asia." It has also been honored as "China's Best Service Provider" by the Ministry of Commerce. SANY Group has 30 subsidiaries outside of China, exports its products to more than 110 countries and regions, and has operations in over 150 countries.

Mei Yonghua, General Manager of SANY Auto Finance Co., Ltd., said, "We understand that our choice of software systems is a crucial issue and one that can either reinforce or undermine the growth of our new financial business, and we are confident that we have made the right decision by selecting NetSol as our software vendor. Our new agreement also includes plans for significant additional enhancements and investment into the existing SANY NFS(TM) implementation in China."

Salim Ghauri, President of NetSol Technologies, commented, "This agreement is a unique opportunity for us to cooperate with a true global leader in the heavy machinery industry and will allow us to build on our existing relationship with SANY. By working closely to develop customized additions to the NFS(TM) platform that meet SANY's specific and evolving needs, we will also have the opportunity to apply these new features to our product offerings aimed at the finance and leasing software market, where we plan to focus much of our future growth efforts. We look forward to working with SANY on this initiative and believe that it will have significant benefits for NetSol, both financially and through the expansion of our feature-rich software portfolio for future clients."

NetSol Technologies: Successful Implementation Of ISO 20000

Dec 27, 2010: NetSol Technologies Ltd reached yet another great milestone with the successful achievement of ISO 20000. Having successfully implemented “Best Practices”, NetSol has become the first IT Company in Pakistan to be certified against ISO 20000.

ISO/IEC 20000 is the first international standard for IT Service Management, developed in December 2005. Formally, it comprises two parts, which "promote the adoption of an integrated process approach to effectively deliver managed services to meet the business and customer requirements" and it is a “code of practice”, describing the best practices for service management within its scope.

Sajjad Kirmani, Executive Vice President IT/Operations, who has also been named TERADATA’s CIO of the Year for 2010 said on the occasion “We are confident that with this new milestone in our splendid growth path, we will not only be able to win enhanced perception and reputation for the company, but also create new opportunities for further growth and success”.

Launch of Atheeb NetSol Saudi Company Limited

Dec 7, 2010: Launch of Atheeb NetSol Saudi Company Limited in Riyadh with HRH Prince Abdulaziz Ahmad Abdulaziz Al Saud

Click here to view more pictures

NetSol wins two IT Excellence awards

December 4th, 2010: The year 2010 has proved to be one of the best years in NetSol's history. In addition to the return to profitability, stock price bouncing back and winning new sales, NetSol has put icing on the cake by winning two new awards. These awards were provided by Teradata a subsidiary of NCR and were monitored by the auditing firm of Ernst & Young Ford Rhodes Sidat Hyder & Co. The Teradata Awards are widely considered as the ultimate recognition for IT industry in Pakistan.

Excellence in Software Export:

NetSol contributed US$20.4 million in export revenues during fiscal year 2010 and US$11.8 million during fiscal year 2009. The criteria considered in scoring the nominees in this category were the uniqueness of the software and its applications, uniqueness of the territory it was exported to, and financial impact of the software for the country.

CIO of the Year:

Mr. Sajjad Kirmani, Executive Vice President and Director of NetSol Technologies, Limited, was awarded the "CIO of the Year" award for his exceptional contributions to NetSol's growth. Mr. Kirmani has been associated with NetSol since May 1998, and as EVP of IT & Operations, he manages the operations of the company across its broad IT products and services portfolio, as well as the supporting functions of human resource management, network operations, and quality engineering.

"These two awards symbolize the tremendous effort, planning, and strategy execution that our entire team has committed to NetSol over the past two years," commented Najeeb Ghauri, NetSol's Chairman and CEO. "2010 has proved to be one of the best years in NetSol's history. In addition to the return to profitability, our stock price bouncing back, and the new sales we have won, NetSol has demonstrated its industry leadership by winning two of the eleven Teradata awards this year. We are very proud of our recent accomplishments and look forward to another year of great success in 2011."

About Teradata National IT Excellence Awards:

The annual Teradata National IT Excellence Awards are considered the most prestigious IT wards in Pakistan. The eleven award categories span the entire field, from software development and research to education and business application. The winners were announced and honored at a grand ceremony in Islamabad, where their achievements were highlighted before a prestigious gathering of dignitaries and news media. Nominations were open to all companies.

Mr. Sajjad Kirmani, EVP IT / Operations NetSol Technologies Ltd. with
Mr. Salim Ghauri, President NetSol Technologies Inc.

Click here to view more pictures.

NetSol Sponsored THPA Dinner Talk

Thai Hire Purchase Association is the biggest association of the leasing and finance companies in Thailand. THPA Dinner Talk is the most important event in THPA calendar. All top banks, automotive and leasing companies were there with top dignitaries. During the presentation NetSol stressed on its commitment towards Thai market since the first sale to Mercedes Benz Leasing Thailand thirteen years back. The biggest selling brand, Toyota captive finance company Toyota Leasing Thailand is also one of customers of NetSol. Thailand auto industry is growing faster than many other countries and has huge growth potential. NetSol now has a registered company in Thailand, a bigger office and an ever expanding team. NetSol team includes the highly skillful experts with over 33 years of local industry experience.

Click here to view more pictures.

Mr. Najeeb Ghauri, Chairman and CEO NetSol Technologies Inc, at Forbes Global CEO's Conference in Sydney

Mr. Najeeb Ghauri, Chairman and CEO NetSol Technologies Inc, with Carlos Slim Helu, Chairman and CEO of Telmex and Chairman of the Conference, Steve Forbes

Mr. Najeeb Ghauri, Chairman and CEO NetSol Technologies Inc, with Kristina Kanneally, Premier of NSW, Australia (Host of conference)

Mr. Najeeb Ghauri, Chairman and CEO NetSol Technologies Inc, Presiding Over NASDAQ Closing Bell to Benefit Pakistan Flood Victims

NetSol Technologies, Inc. and Representatives From the International Medical Corps & US Pakistan Business Council/Business Civic Leadership Center to Ring the NASDAQ Stock Market Closing Bell

The see the video of the event, please click here

Mr. Najeeb Ghauri, Chairman and CEO, NetSol Technologies Inc, meeting with Bill Mcdermott, CEO SAP

Mr. Najeeb Ghauri, Chairman and CEO, NetSol Technologies Inc, and Shaz Khan, Senior Vice President, SAP Sales and Solutions, meeting with Bill Mcdermott, CEO SAP

NetSol Technologies to present at the RedChip Small-Cap Investor Conference

Najeeb Ghauri , CEO and Chairman of NetSol Technologies is scheduled to present at the Financial Fest 2010, RedChip Small-Cap Investor Conference. The conference will take place on November 6, 2010, 10:00 am at the Phoenix Convention Center in Phoenix, Arizona.

Financial Fest brings qualified investors together with the nation's premier public companies and investment opportunities. RedChip is the co-sponsor this year with KFNN 1510 Financial News Radio. CEOs and executive teams from 17 emerging growth companies based in China, Russia, Pakistan, Canada, Greece, and the U.S. will deliver corporate presentations at the conference.

Investors.com has ranked NetSol Stock the Best in its Group

Recently investors.com has done the Stock Checkup of the Netsol Technologies Inc. (NTWK)

They have evaluated NetSol on different benchmarks and then NetSol Stock was ranked against its respective group.

1. Composite Rating(97) Rank within Group: 1st
2. Acc/Dist. Rating(A+) Rank within Group: 1st
3. RS Rating(99) Rank within Group: 1st
4. EPS Rating(79) Rank within Group: 6th
5. SMR Rating(B) Rank within Group: 6th

Please click here to view the report of the NTWK Stock checkup:

For a detailed report on NTWK Stock Checkup by Investors.com, please visit: http://www.investors.com/StockResearch/StockCheckupPrint.aspx?Symbol=NTWK

Salim Ghauri hosted a dinner soiree for the honorary Australian delegates

October 12, 2010: Salim Ghauri, CEO and Chairman of NetSol Technologies hosted a dinner soiree at his residence to honor and welcome the Australian delegation. A remarkable success story and a great pleasure to be introduced to the company, its inspiring leader and staff. My every best wish for great success in the future said Ian Dudgeon, President of Australian Institute of International Affair, Canberra. Former Chief of Army Staff of Pakistan, General (retd) Jehangir Karamat and Information Secretary of PML-N, Ahsan Iqbal were among the notable guests of the evening. Ayub Ghauri, Senior Vice President Head of Global Marketing commented, Welcoming such honorable guests and high profile dignitaries is important to portray the soft image of Pakistan .

Mr. Naeem Ghauri, Head of Global Sales NetSol Technologies Inc and President NetSol Technologies Europe, Ltd, Meeting with BYD China

Mr. Naeem Ghauri, Head of Global Sales NetSol Technologies Inc and President NetSol Technologies Europe Ltd, with Philip Demet, Global CIO Societe General and Josh Zou PMP Manager BYD Company China.

Software Provider NetSols Black Swan

In his 2007 book, The Black Swan , Nassim Nicholas Taleb prophetically argued prior to the 2008 market meltdown and the May 2010 flash crash that the potential risks and opportunities in the financial markets are not nearly as limited as money managers employing conventional, bell curve-based assumptions would have us believe. In order to prosper in such an environment, he advocates a barbell strategy, wherein a significant percentage of one's portfolio is allocated to extremely low-risk assets while the rest is invested in risky assets having the possibility of extraordinarily high returns.

According to Taleb, A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. Seeking out exposure to positive black swans, while carefully controlling exposure to the negative, makes particularly good sense in view of the increasing frequency with which low-probability events are occurring in our financial markets.

It is in this context that NetSol Technologies, Inc. (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK) must be viewed if it is to be properly evaluated. The company's existential risks, most notably its operations in an unstable region, are well recognized and undoubtedly overly-discounted by investors. Its potentially game-changing opportunities, however, possess strong likelihoods of coming to fruition and have been systematically downplayed in management's forecasts.

Nobody will be shocked if NetSol ultimately nets tens if not hundreds of millions of dollars from contracts with the Pakistani government. Or, it could be the company's Saudi Arabian joint venture that ultimately dwarfs the profitability of NetSol's current operations.

If the company were seeking venture funding, these opportunities would certainly be reflected in its business plan and given serious consideration by the venture capital community. But Wall Street is understandably a far more cautious place than Sand Hill Road. Hordes of lawyers stand ready to initiate class-action litigation when quarterly earnings disappointments causing stocks to crater. And analysts are far more comfortable being wrong in the company of their peers than in taking bold positions diverging sharply from consensus views.

4Q10 was a tremendous quarter for NetSol in several respects. Its $0.04 EPS blew away our estimate of $(0.00), and its $10.7 million revenue figure far surpassed our $7.9 million estimate. Moreover, earnings quality has strengthened during the past year, with accounts receivable turnover for FY10 increasing YoY from 2.4 to 3.1 and management noting a sharply declining trend in bad debt expense. In addition, cash from operating activities jumped 603.9% on a YoY basis.

Having been overly conservative, along with our peers, with respect to 4Q10, we are developing a strong appreciation for the conservatism of NetSol's management insofar as its guidance is concerned. So we listened especially carefully to the company's 9/8/10 conference call for the soft pedaling of potentially favorable future developments, such as:

1) The omission of Pakistani government contracts from NetSol's revenue forecast, due to the recent floods. None of the company's Pakistan locations were affected by this disaster, but delays are anticipated in the country's public sector projects. The company, however, remains a leading contender for significant contracts relating to Pakistan's land records management system and the digitization of the nation's military. To the extent that any of NetSol's Pakistani government contracts result in FY11 revenues, this will be, in essence, a positive revenue surprise and likely trigger an upward revision of earnings guidance.

2) The company being likely to increase its ownership of NetSol Pakistan from 58% to 76% within the next two months, a transaction expected to be accretive to NTWK EPS. Again, the Company is exercising an abundance of caution in not reflecting this transfer of ownership in its current guidance.

3) Interest on the part of potential acquirers. Management acknowledged briefly that approaches had been made during the past year, but noted that the asking price would be in the range of $8.00 to $10.00 per share.

4) The extremely guarded approach NetSol has taken to publicizing the strengths, benefits, and revenue potential of its next-generation product.

NetSol's management has given EPS guidance of $0.15 to $0.20 for FY11. But given the conservatism observed in the company's management insofar as its forward-looking statements are concerned, we would not be surprised to see them far exceed these projections.

Consequently, NetSol's status as a public company may harshly constrain the ability of management and analysts alike to pin numbers on its most enticing possibilities.

So black swans they will remain. At least for now.

NetSol in discussion to enhance long established relationships

Mr. Naeem Ghauri, Head of Global Sales and President Europe with Richard Howard, President and Chief Executive Office Africa and Asia Pacific Daimler Financial Services.

RedChip Small-Cap Equities Virtual Conference

Wednesday, September 22, 2010 NTWK is scheduled to participate in the LIVE RedChip Small-Cap Equities Virtual Conference to discuss the Fiscal Year-End 2010 financial results. The conference call is scheduled to begin at 12:30 p.m. EDT.

NetSol Technologies Re-Appraised at Maturity Level 5 of CMMI V1.2

NetSol Technologies, Pakistans leading IT company and biggest software exporter, has won the truly outstanding distinction of becoming the first Pakistani company to be re-assessed at Maturity Level 5 against CMMI Version 1.2 by the Carnegie Mellon Software Engineering Institute (SEI). In doing so, it has created a marvelous milestone for the Pakistani IT industry and placed Pakistan at the forefront of IT software producing countries. NetSol Technologies has already won great laurels for the country in the past by becoming a leading supplier of enterprise software solutions to the global leasing industry and adding some of the best known international companies in the automotive industry to its customer base. It had already been assessed at Maturity Level 5 against CMMI V1.1 in 2006, which was again a first for Pakistan.

It was a distinction shared by few software companies in the world at the time. It represents the highest level of maturity (synonymous with the highest quality in the IT industry) of software processes. However, SEI introduced version 1.2 subsequently to make it even tougher for companies worldwide to be assessed at this level. As a result, currently just 162 companies stand appraised at CMMI Level 5 in the world, as reported on the SEI website. This is a significant drop from over 300 companies at this level in 2008. Most of these companies are among the top IT companies of the world catering to the worlds biggest customers including the US Department of Defense.

According to Salim Ghauri, CEO and Chairman of NetSol, Version 1.2 was a big challenge for us. Many CMMI Level 5 companies will find it impossible to get reappraised against this version, but NetSol achieved this through great commitment and the hard work of our employees. We realize that this will set us apart globally and we will be in a different league altogether. It will also provide a much needed boost to the image of the Pakistani industry at the global level. The world will see Pakistani IT in a different light. As a result of this achievement NetSol will give further confidence to its customers worldwide in its commitment to innovation and reliability in its processes and solutions. NetSol also sees this as a major step in its drive to expand its services to new global verticals in finance, government, telecommunications and healthcare.

Netsol Technologies Inc has been selected for the 2009 Calabasas Best of Business Award in the Information Technology category by the Small Business Commerce Association (SBCA). SBCA is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. By using statistical research and consumer feedback, the SBCA identifies companies that they believe have demonstrated what makes small businesses a vital part of the American economy.

NetSol Signs Contract to Implement NFS CAP Solution with a Major U.S. Auto Manufacturer in China

NetSol Technologies Inc. was awarded a major software and IT services contract valued at over $1 million with a major U.S. automotive manufacturer's captive finance arm in China. Under the terms of the contract, the Company will provide its Credit Application Processing solution to fully automate point of sale (POS) functions in the client's Chinese dealer network. NetSol will install its next-generation platform to capture all credit and client data at the point of sale to streamline and automate the entire credit application capture process. Naeem Ghauri, President and Head of Global Sales at NetSol, commented: "This is a major win for NetSol's China operations. This clearly establishes NFS as a market leader with over 90% IT market share in China's captive auto finance sector. We expect to sign a number of new deals in the foreseeable future, as our pipeline remains strong and growing."

Mr. Salim Ghauri President APAC NetSol Technologies Inc. Meeting with GAC-Safinco Automobile Financial July 1, 2010

Mr. Salim Ghauri, Mr. Pierre Adam (GM), Mr. Zheng Chao, Mr. Christophe Vandenkoornhuyse (VDK), Mr. Michael ZHENG, Naeem Aftab

Mr. Dong Wenbiao, Chairman of the Board, China Minsheng Banking Corporation, congratulating Mr. Salim Ghauri, Chairman and CEO NetSol Technologies Ltd (Pakistan)

Mr Salim Ghauri, Chairman and CEO NetSol Technologies Ltd (Pakistan) with Board of Directors of Minsheng Financial Leasing, China

16th May, 2010

NetSol Technologies Launched smartOCI^TM, a SAP-Compatible Multiple-Catalog Search Engine.

NetSol Technologies, provider of business services and enterprise application solutions to private and public sector organizations worldwide, will make it as one of the largest players in the SaaS market.

smartOCI is a SAP-compatible multiple-catalog search engine solution, was launched at the SAP SAPPHIRE Conference in Orlando, Florida on May 17, 2010. NetSol Technologies aims to reach approximately 1,000 SAP SRM platform customers.

Developed by NetSol Technologies, smartOCI will provide corporate buyers and shoppers a simple and intuitive user interface to search multiple supplier catalogs simultaneously within the SAP Supplier Relationship Management (SRM) procurement application. The search technology is completely web-based with no software to download or hardware to install.