NetSol Technologies Earnings: Here’s Why the Stock is Rising Now
NetSol Technologies, Inc. (NASDAQ:NTWK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 16.57%.
NetSol Technologies, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40% to $0.35 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 5.37% to $15.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NetSol Technologies, Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $13.53 million.
Quoting Management: “We are very proud of the strong results we delivered for the year and the quarter and remain focused on taking the necessary steps to capture increasing market share throughout world, accelerating our growth and building sustainable shareholder value,” said Najeeb Ghauri, CEO of NetSol. “In each of our key regions, we are actively marketing our solutions, with our core NFS solution increasingly recognized as the standard of excellence. As a result, our average deal size is increasing, new business leads are growing, and add-on projects are expanding.”
Key Stats (on next page)…