Netsol Technologies INC (WKN: 893591)
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Press Release
NetSol Technologies Signs New Licensing Agreement With Major Chinese Captive Finance Company
NetSol Shortlisted for Several New Licensing Agreements in China and South Korea With Major Financial Institutions
* On Tuesday June 9, 2009, 8:31 am EDT
EMERYVILLE, CA--(MARKET WIRE)--Jun 9, 2009 -- NetSol Technologies, Inc. "NetSol" (NTWK - News) (NASDAQ DUBAI: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced it has secured a new licensing agreement with a major Chinese captive finance company to implement the NetSol Financial Suite (NFS), including NetSol's flagship LeaseSoft solution.
Najeeb Ghauri, NetSol Technologies, Inc. Chairman and Chief Executive Officer, stated, "This latest agreement with a major Chinese captive finance company further strengthens our position as the 'de-facto' industry standard for end-to-end financing solutions in China. I am also pleased to share with our investors that NetSol is shortlisted, in China and South Korea, in a number of new LeaseSoft License sales. Some of these opportunities are expected to be imminently converted into contracts, as advanced negotiations are ongoing. With the Chinese economy expected to grow in 2009 despite the global economic downturn, NetSol stands well positioned with our NFS solutions to meet the needs of domestic as well as international customers looking to support their presence in this important market."
The NetSol Financial Suite (NFS) provides a solution that integrates with existing platforms and practices, matching innovation and flexibility with security and accuracy. Built from proven LeasePak and LeaseSoft components, NFS product offerings include the Credit Application Processing (CAP), Contract Management System (CMS), Wholesale Finance System (WFS), Dealer and Auditor Access System (DAS), and Fleet Management System (FMS). Overall, the NFS is a complete lifecycle solution, providing support from the customer's first application to the disposition of the last asset, with NFS handling every aspect of lease, loan, and asset finance.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NTWK - News) (NASDAQ DUBAI: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Healthcare, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in Adelaide, Bangkok, Beijing, Lahore, London, and San Pedro Sula.
http://finance.yahoo.com/news/...hnologies-Signs-New-iw-15475160.html
2011e 2010e 2009e 2008e 2007e
Gewinn pro Aktie in EUR 0,15 0,02 -0,24 0,22 -0,22
KGV 4,32 40,90 neg. 2,29 neg.
Gewinnwachstum in % +850.00 -94,87 +21,88 n.a. +237,50
NetSol's Chairman and CEO, Najeeb Ghauri, stated, "I am pleased to announce the Company's stock buyback plan, which we believe will increase the value of the shares held by our investors. We are very excited and bullish about our global business outlook, as demand for our NFS(TM) platform has surged over the last two quarters and grown our backlog substantially. This is an excellent opportunity for us to initiate this open-market buyback, as we believe that our stock is quite undervalued based on fundamentals and intrinsic value."
NetSol's global footprint, low labor costs, proven quality, and software with the ability to consolidate an unprecedented variety of global IT functions in one location for credit-based businesses have allowed the Company to build a diversified blue chip client base. While approximately 60% of NetSol's revenues are currently derived from its NetSol Financial SuiteT, it must be noted that the Company is involved in varying degrees with several initiatives that could ultimately surpass the scale of its business with credit-based businesses. These opportunities include defense, health care, land records management, property and casualty insurance, and SAP-compatible software. Trading close to its GAAP book value and at what we believe is an unreasonably low 6.3x projected fiscal 2011 earnings, we are initiating coverage of NTWK with a Strong Buy rating and a price target of $3.00.
Value Proposition
NetSol is an IT enterprise solutions company with a blue-chip client base. This is a classic turn-around situation that has recovered brilliantly from the recession. Its current back-log and sales pipe-line will support the Company’s return to profitability for FY10. The Company is confident it will maintain and improve the bottom line to sustainable profitability going into FY11. We estimate the potential upside from current stock levels is 150%-320%. Buy as much as you can below $1.00 to maximize your ROI.
Investment Highlights
Client list includes diverse, multi-national, Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Clients include Mercedes-Benz, BMW, Volkswagen, Volvo, Yamaha, Nissan, Ford, Mini, Hyundai, Capital One, Chase, and Cisco Systems.
The Company has never lost a client in its 15 year operating history, due to the unmatched quality of its products and services.
Projected revenue of $33 million - $35 million for FY10, which would represent year-over-year growth of 25% - 32%.
Achieved the designation of ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide.
In Pakistan there is a 15 year tax holiday on IT exports of services. There are 7 years remaining on NTWK’s tax incentive.
Financial Highlights
3QFY10 revenues grew 77.8% to $8.9 million up from $5.0 million in the same period last year.
3QFY10 license sales grew more than 1,022% year-over-year to $3.6 million.
Gross margins increased over 50 percentage points to 61.3% in 3QFY10 up from 10.7% in 3QFY09.
Net income (loss) increased significantly to $589,047, or $0.02 EPS, in 3QFY10 up from $(5.0) million, or $(0.19) EPS, in the same period last year.
Overview
NetSol Technologies, Inc. (NasdaqCM: NTWK; Nasdaq Dubai: NTWK) is a worldwide provider of global business services and enterprise application solutions. Founded in 1995, NTWK offers high-quality, cost-effective software solutions specialized by industry. Their product and services offerings include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services globally. The Company has over 750 employees and is headquartered in Calabasas, CA with operations and offices in Alameda, CA; Adelaide, Australia; Bangkok, Thailand; Beijing, China; Karachi, Pakistan; Lahore, Pakistan; London, England; and Riyadh, Saudi Arabia.
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Companies:NetSol Technologies, Inc..Related Quotes
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NTWK
Press Release Source: NetSol Technologies, Inc. On Wednesday September 8, 2010, 6:55 am EDT
- Fiscal 2010 Revenues were $36.8 million, representing an increase of 39.1% year-over-year
- Fiscal 2010 Net GAAP Income was $1.4 million, up from an $8.1 million GAAP net loss in 2009
- Fiscal 2010 GAAP Earnings per Share were $0.04, up from $0.30 loss in 2009
- EBITDA income per share was $0.18, versus an EBITDA loss per share of $0.09 in 2009
- Gross margin was 62.3% for fiscal 2010, up from 35.0% in fiscal 2009
- Second consecutive quarter of profitability
CALABASAS, Calif., Sept. 8, 2010 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq:NTWK - News) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced its consolidated financial results for its fourth quarter and fiscal year ended June 30, 2010, highlighted by strong revenue growth and a return to annual profitability.
Najeeb Ghauri, NetSol Technologies Chairman and Chief Executive Officer, commented: "We are thrilled with our fourth quarter and fiscal year 2010 performance, highlighted by record revenues and our return to a full year of profitability. The viability of our business model has never been in question, and we have emerged from the market turmoil of the last two years a more efficient and agile company."
Mr. Ghauri continued, "We are especially excited about the recognition we have received from being recently recertified as a CMMI Level 5 firm and from passing the first stage of our ISO/IEC 20000 audit, both of which will serve to improve our long-term credibility in the global IT market and allow us to build greater trust with both potential and existing clients. Demand for enterprise software is expected to increase worldwide as the global economy starts to recover from its downturn and more companies seek to update their technology infrastructure. We will continue to develop our product pipeline, strengthen our operating efficiency, and provide the highest quality of software and support to our clients worldwide. As the key emerging markets for our products and services, such as China, continue to grow and global IT demand picks up, we look forward to another year of improving profitability in fiscal 2011."
Fiscal Year 2010 Financial Results
-- Revenues for the fiscal year ended June 30, 2010 totaled $36.8 million, up from $26.4 million for fiscal year 2009, representing an increase of 39.1%.
-- License fees totaled $14.2 million or 39% of total revenues.
-- Maintenance fees totaled $7.0 million or 19% of total revenues.
-- Service fees totaled $15.6 million or 42% of total revenues.
-- Full year GAAP (Generally Accepted Accounting Principles) net income applicable to common shareholders was $1.4 million, or $0.04 per fully diluted share, compared to a GAAP net loss applicable to common shareholders of $8.1 million, or $0.30 per fully diluted share, in the previous year.
-- Operating income was $9.7 million, up from an operating loss of $6.5 million for fiscal year 2009.
-- Gross margins improved to 62.3%, up from 35.0% in fiscal year 2009.
-- Full year EBITDA was $6.8 million, or $0.18 per diluted share, compared with an EBITDA loss of $2.5 million, or $0.09 per diluted share, in the year-ago period.
Fourth Quarter 2010 Financial Results
-- NetSol reported consolidated revenues of $10.7 million for the fourth quarter of fiscal year 2010, representing a 56.2% increase over $6.9 million in revenues reported for the same period a year ago. Net revenues from license fees increased 262% to $4.6 million, compared to $1.3 million for the fourth quarter of fiscal year 2009.
-- GAAP net income applicable to common shareholders for the fourth quarter of fiscal year 2010 was approximately $1.5 million, or $0.04 per diluted share, compared to a GAAP net loss applicable to common shareholders of $0.9 million, or $0.03 per diluted share, in the same period of fiscal year 2009.
-- Operating income for the fourth quarter of fiscal year 2010 totaled approximately $4.4 million, up from an operating loss of $0.5 million for the same period a year ago.
-- Gross margins improved to 69.6%, compared to 37.2% in the year-ago period.
-- NetSol reported EBITDA of $2.8 million, or $0.07 per diluted share, for the fourth quarter of fiscal year 2010 compared to EBITDA of $0.6 million, or $0.02 per diluted share, in the year-ago period.
CALABASAS, Calif., Sep 27, 2010 NetSol Technologies, Inc. a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that NASDAQ has notified the Company that it has regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) and met the requirements of the NASDAQ Listing Qualification Panel (the "Panel") decision dated March 22, 2010. Accordingly, the Panel has determined to continue the listing of the Company's common stock on the NASDAQ Capital Market exchange.
The letter from NASDAQ stated that on March 22, 2010, the Company was notified that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of the NASDAQ Stock Market. On September 23, 2010, the Company's closing price was $1.39 per share, the tenth consecutive day it had exceeded the $1.00 per share threshold. Accordingly, NetSol has regained compliance with all applicable listing rules.
Najeeb Ghauri, Chairman and CEO of NetSol, stated, "As NetSol's CEO, I am always very conscious of shareholder value and am pleased to be back in full compliance. I believe that our fundamentals and business offering are very strong, and our team is dedicated in executing our business plans and strategy. What we are trying to build in NetSol is unique and critical for our blue chip global customers. Even after the recent appreciation, our current stock price does not reflect the real worth of the Company, but we trust that the market is beginning to realize our true value and potential and will reward our shareholders accordingly."
About NetSol Technologies, Inc.
NetSol Technologies, Inc. /quotes/comstock/15*!ntwk/quotes/nls/ntwk (NTWK 1.57, -0.04, -2.71%) (nasdaq dubai:NTWK) is a worldwide provider of global IT and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by 162 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in Alameda, Adelaide, Bangkok, Beijing, Karachi, Lahore, London, and Riyadh.
To learn more about NetSol, visit www.netsoltech.com.
The NetSol Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7396
NetSol Technologies, Inc. Forward-looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: NetSol Technologies, Inc.
CONTACT: RedChip Companies, Inc.
Investor Relations Contact:
Jon Cunningham
800-733-2447, Ext. 107
407-644-4256, Ext. 107
info@redchip.com
http://www.redchip.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved
NetSol Technologies Announces Third Quarter Fiscal 2011 Financial Results, Posts Record Revenues
- Revenues were $10.8M, up 21.3% from $8.9M in 3QFY10
- Net Income was $3.3M, up 463.4% from $0.6M in 3QFY10
- GAAP Earnings per Share were $0.06, up from $0.02 in 3QFY10
- Gross margin was 62.6%, up from 61.3% in 3QFY10
- Company raises full-year earnings guidance to $0.18-$0.23 per diluted share
CALABASAS, Calif., May 10, 2011 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. ("NetSol" or the "Company") (Nasdaq: NTWK) (Nasdaq Dubai: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced its financial results for the third fiscal quarter ended March 31, 2011. The Company posted record revenues of $10.8 million and quarterly net income of $3.3 million, or $0.06 per diluted share. These results compare to revenue of $8.9 million and quarterly net income of $0.6 million, or $0.02 per diluted share, for the same period last year. Summary financial data is provided below:
Third Quarter Fiscal 2011 Financial Highlights
Revenues for the third quarter of fiscal year 2011 increased by 21.3% year-over-year to $10.8 million, up from $8.9 million in the third quarter of fiscal 2010.
License fees totaled $3.6 million or 33.3% of total revenues.
Maintenance fees totaled $1.9 million or 17.6% of total revenues.
Service fees totaled $5.3 million or 49.1% of total revenues.
Net income attributable to NetSol for the third quarter increased to $3.3 million, up from $0.6 million for the third quarter of fiscal 2010.
Gross margin for the third quarter was 62.6% based on gross profit of $6.8 million, compared with a 61.3% margin and gross profit of $5.5 million in the same period last year.
Operating income and operating margin for the third quarter were $4.8 million and 44.4%, respectively, compared to $2.6 million and 29.2%, respectively, in the third quarter of fiscal 2010.
EBITDA totaled $4.6 million or $0.09 per diluted share, versus EBITDA of $1.8 million, or $0.05 per diluted share, in the year-ago period.
Earnings per diluted share were $0.06 for the quarter, compared with $0.02 per diluted share in the same period a year ago.
Denke die 16-20 Dollar könnten in 2013 wieder drin sein.
Schöne 300 % Chance für das nächste Jahr.
GoldenStock
Sh. unter anderem neuen Auftrag von Daimler Benz in China.
Also für mich ein echter Teenbagger den wir vor uns haben - sollten die Erwartungen
für 2013 realisiert werden können. Dann wird auch der Aktienkurs sein Weg machen.
Durch den Re-Split hat man die NASDAQ-Regeln wieder eingehalten.
Kurs über 1 Dollar.
Ca. 8 Mio Aktien nun im Umlauf - aber nur ca. 1,8 Mio im Freefloat!!
Viel Spaß künftig mit Netsol.
Also nicht ganz so wenige wie ich zuerst wo gelesen haben.......
Wie gesagt lt. Unternehmen geht man von
e2013 von 1 Dollar Gewinn je Aktie aus = KGV von ca. 6 für 2013.
Durchaus - sehr viel Luft nach oben - für den Aktienkurs m. M. nach.
GoldenStock
Mal sehen was geht.......
Nicht vergessen - vor dem Re-Split ständen wir dann nur bei 1,30 Dollar !!!!
( 10 : 1 Split - Anfang August 2012 )
Statt der 80 Mio Aktien - gibts nur noch ca. 8 Mio Aktien die Netsol ausstehend hat
durch eben diesen Split.
Bin gespannt und zuversichtlich das hier was geht.
Marktkap. erst bei ca. 50 Mio Dollar.
Langfristig halte ich hier die Markkap.von 1 Mrd. US-Dollar durchaus für möglich.
(2-3 Jahre )
Naja - ist ja weiter auch nicht schlimm.
Spät bei den nächsten 2 Qurartalszahlen werden wir sehen, wie unterbewertet
Netsol ist - und welches Potential hier vorhanden ist.
Ich beobachte weiter , und werde Zug um Zug meine Position bei NTWK hier weiter ausbauen....
:-)
*g*
Wir sprechen uns dann wieder..............
Stehen wir hier vor einer massiven Neubewertung der Aktie.
Auch wenn manche Glauben "ich spinne" - hier kann es sehr schnell
irgendwo zwischen 10-20 Dollar hingehen........!!
PS: 1 Dollar Gewinn je Aktie in 2013 = KGV bis 20 !!!
Durchaus nicht zu teuer , falls der Ausblick in diese Richtung geht..... :-)
Netsol Technologies / Aktueller Kurs 6,30 Dollar / Mein Ziel für 2013 = 50 Dollar !!
Dang E-Commerce / Akuteller Kurs 4,50 Dollar / Mein Ziel für 2013 = 75 Dollar !!
Beide Aktien haben m.M. nach riesiges Potential nach oben für 2013.
Wenn hier erstmal Fahrt aufgenommen wird ( sh. als Beispielaktie mal Priceline.com) die letzten Jahre - kann hier bei diesen beiden Aktien ähnliches passieren.......
China wird die nächsten 3-5 Jahre nochmals gewaltig an Wachstum an den Tag legen, und hier werden diese beiden Aktien überproportional davon profitieren.
Schönen Tag noch.
GoldenStock
Auf mittlere Sicht rechne ich mit einer Bewertung von bis 1 Mrd. Dollar.
Aktuller Kurs 6,30 Euro x 20 = ca. 130 Dollar / je Aktie
Vorausgesetzt Sie schaffen es das Wachstum zu halten/ und zu beschleunigen
und dadurch stark steigenden Lizenz-Erlöse den Gewinn deutlich zu erhöhen....
Mal sehen - die Aktie beibt für mich jedenfalls ein LONG-Investment auf eben diese
2-3 Jahre.