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Stock impact report

NETSOL Technologies Reports Fiscal Second Quarter 2018 Financial Results

NETSOL Technologies Inc. (NTWK) 
Last netsol technologies inc. earnings: 2/12 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.netsoltech.com
Company Research Source: GlobeNewswire
CALABASAS, Calif., Feb. 13, 2018 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, reported results for the fiscal second quarter ended December 31, 2017. Operational Highlights Reported quarterly cost savings of $2.1 million directly tied to recent cost rationalization initiatives, bringing total savings to $4.4 million and with an anticipated reduction of more than $6.0 million through fiscal 2018.An auto finance company of a leading bank in Indonesia, and an existing customer, launched its leasing project, further strengthening NETSOL’s relationship with this Indonesian business partner and paving the way for further success in the market. Captive finance company of a leading truck manufacturer in China successfully went live with NetSol’s web Point of Sale (POS) solution and is now also offering NETSOL's mPOS solution to its clients.Total consolidated pipeline of new business increased to appr Show less Read more
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