NetSol Technologies, one of Pakistan’s first IT company to be registered on Nasdaq and also one of Pakistan’s top IT companies in terms of exports, reported its quarterly earnings and secured a net revenue of $16.4 million, compared to $12.8 million in the same quarter last year, which is a staggering growth of 27%.
NetSol provides software solutions for asset finance, automotive finance, leasing management, lending, contract origination, and activation. They provide services to companies in more than 30 countries of the world plus they also have their own tech and business incubator named NSPIRE in Lahore.
The catalyst for the revenue growth was major contract wins in China plus a five-year contract valued at roughly $30 million with a European company and multi-million dollar contract with an American multi-national company. They have also set up a new subsidiary in London and an additional office to support NFS Ascent. As an outlook:
NetSol Technologies has approximately 1350 employees all over the world and in terms of revenue, it is one of Pakistan’s largest IT companies.
RAWALPINDI: The chairman of the Punjab Education Foundation, Malik Shoaib Awan, stated on Monday that…
Pakistan has taken a significant step towards addressing sexual violence and abuse with the introduction…
KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development…
The Sindh Assembly was informed that over 28,500 employees of the provincial government were unlawfully…
The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the…
The Securities and Exchange Commission of Pakistan (SECP) is organizing the Pakistan Startup Summit, which…
Leave a Comment