16% Revenue Increase for Netsol
Posted on Mar 01, 2008 05:26 AM -0500
Netsol Technologies continued its impressive organizational growth, by reporting a 16% quarterly revenue increase. Releasing its second quareter financial report, Netsol has provided an impressive image of healthy growth.
Najeeb Ghauri, chairman and chief executive officer, commented, "NetSol continued to make excellent progress across its key financial and operational objectives during the fiscal second quarter of 2007.”
NetSol Technologies Reports Second Quarter Fiscal Year 2008 Financial Results
Highlights:
- Operating Income Increases 284%
- Year-Over-Year to $1.4 Million;
- GAAP Net Income Increased to $1.1 Million, or $0.04 per Diluted Share, vs. ($ 0.32) Loss a Year Ago,
- Company Reiterates Revenue and Net Income Guidance for Fiscal 2008;
- Revenues Increased 16% Year-Over-Year to $8.4 Million
- Gross margin has increased to 57% compared to 50% in the previous year
- Services increased 29% to $4.0 millio
- Annual revenue growth measured between 25% to 30%
For more on this report, please visit:
NetSol Technologies Second Quarter 2008 Financial Results
