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Thursday July 30, 2009

PennyOmega.com Stock Report!

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NetSol Technologies, Inc. (NASDAQ: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced the signing of a LeaseSoft license and services contract with a new European customer to implement its end-to-end solution for running asset backed loans. The project is expected to generate revenues in excess of $1.0 million over its lifetime, including licenses, customization, maintenance and additional phases of development.

Axcelis Technologies, Inc. (Nasdaq:ACLS), a leading supplier of innovative, high-productivity solutions for the semiconductor industry, announced today that it has achieved multiple wins for its Optima

NetSol Technologies, Inc., global provider of financial and other enterprise software solutions and business services, today released positive first quarter 2009 financial results. Quarterly revenues increased 7.5%, to $9.3 million, over the same period last year. Part of this was due to a 33% increase in license fees to $2.5 million. In addition, GAAP net income increased approximately 18%, to $1.0 million, from the same period last year.

Another measure of the company’s operating trends is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). NetSol reported EBITDA of $2.3 million for the quarter, a 21% increase over the $1.9 million figure for the same period last year.

As a result of the new figures, NetSol is adjusting fiscal 2009 financial guidance to annual revenue growth of between 20% to 25% over fiscal 2008.

NetSol Chairman and CEO, Najeeb Ghauri, commented on the growth, during what is normally a slow quarter for

NetSol Technologies Inc. (Nasdaq: NTWK) provides business services and enterprise application solutions to organizations around the world. Headquartered in Emeryville, Calif., the company has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok and Lahore.

The company today announced the opening of NetSol University North America (NUNA), located at NetSol’s Emeryville headquarters, to encourage continued education and boost client productivity. NUNA will provide classes in a variety of industry-related topics and features a state-of-the-art facility with the latest in audio/video, Internet and wireless technologies. The center will house classroom lectures, Webinars, tele-training, product demonstrations and evaluations.

“NetSol University North America has been chartered to support continuing education as it pertains to industry sponsored education and development programs,” Najeeb Ghauri, chairman and CEO of NetSol stated in the press release. “We believe that training is a key element in ensuring both client productivity and an appreciable return on human capital

Business applications company NetSol Technologies Inc. (NASDAQ: NTWK) announced it will purchase Ciena Solutions LLC. Under the terms of the agreement, the acquisition will be made with internal cash and restricted stock, and deferred “based on an earn-out formula linked to Ciena Solutions’ performance.”

Ciena Solutions provides consulting and staffing services focused on the Systems, Applications and Products (SAP) application suite, with core competencies in the SAP R/3 (ECC) system, NetWeaver including Business Intelligence, Exchange Infrastructure (XI), Portals, MDM, and the mySAP Business Suite.

“I am excited to be launching a vibrant and global SAP practice through the acquisition of Ciena Solutions,” said Najeeb Ghauri, Netsol chair and CEO. “It marks another major milestone in our growth strategy and provides an entry into one of the largest markets for information technology solutions and services within the industry.”

The purchase agreement also showcases NetSol’s latest step toward expansion into the U.S. market. Netsol is

Business applications company NetSol Technologies Inc. (NASDAQ: NTWK) announced it will purchase Ciena Solutions LLC. Under the terms of the agreement, the acquisition will be made with internal cash and restricted stock, and deferred “based on an earn-out formula linked to Ciena Solutions’ performance.”

Ciena Solutions provides consulting and staffing services focused on the Systems, Applications and Products (SAP) application suite, with core competencies in the SAP R/3 (ECC) system, NetWeaver including Business Intelligence, Exchange Infrastructure (XI), Portals, MDM, and the mySAP Business Suite.

“I am excited to be launching a vibrant and global SAP practice through the acquisition of Ciena Solutions,” said Najeeb Ghauri, Netsol chair and CEO. “It marks another major milestone in our growth strategy and provides an entry into one of the largest markets for information technology solutions and services within the industry.”

The purchase agreement also showcases NetSol’s latest step toward expansion into the U.S. market. Netsol is

NetSol Technologies, Inc., a global provider of enterprise financial software solutions, announced today the successful launch by Nissan Financial Services Australia (NFSA) of its business operations using NetSol’s package of leasing and finance applications. The implemented product package included NetSol Financial Suite, Credit Application Processing System, Contract Management System, and Wholesale Finance System.

NFSA’s Executive Director, George Leondis, stated “We are very pleased with the sustained commitment of the NetSol team, the dedicated on-site resources, and how they understood the importance of streamlining the business process to suit the fast paced Australian auto finance market. Nissan Australia sees NetSol as a true partner in our finance business.”

Najeeb Ghauri, NetSol Chairman and CEO, emphasized Nissan’s high opinion of the products. “Nissan did a very thorough due diligence before choosing our suite of solutions and I am proud to say that we have met Nissan’s expectations in terms of rich functionality, timeline

NetSol Technologies Inc. (Nasdaq: NTWK), a worldwide provider of global business services and enterprise application solutions, yesterday announced its fourth quarter and full year 2008 financial results for the fiscal year ended June 30, 2008, posting new quarterly and annual records.

Netsol reported fourth-quarter revenues rose 23 percent to $10.5 million, up from the $8.6 million reported for the fourth quarter of 2007. GAAP net income rose $2.1 million, or 8 cents per fully diluted share, as compared to $1.3 million, or 7 cents per fully diluted share, for the same period last year.

“The strength of our core NetSol financial suite of products helped drive double-digit annual growth in license, service and maintenance revenues. This was complemented by the rollout of our new BestShoring business model and Global Business Services platform which reflect our continued focus on meeting our international clients’ needs for local expertise matched with high

NetSol Technologies Inc. (NTWK), a global provider of business services and enterprise software solutions, reported fourth quarter and full-year 2008 financial results this morning. Quarterly revenues rose 23% year-over-year and 16% sequentially to a record $10.5 million. Net income increased 58% to $2.1 million, or 8 cents per share, vs. $1.3 million, or 7 cents per share, for the same period a year ago. Outstanding share count increased from 19.8 million to 27.3 million shares during the twelve-month span. Results were exactly in line with analysts’ estimates. For the full year, revenues increased 25% over 2007 to $36.6 million. Net income for fiscal 2008 was $7.2 million, or 28 cents per share, compared to a loss of $4.9 million, or 28 cents per share, for 2007.

“NetSol delivered a truly outstanding performance in fiscal 2008, complemented by a strong fourth quarter, as we delivered record revenue, GAAP net income and EBITDA

NetSol Technologies (NTWK) is a provider of software and services for banks, leasing and finance firms, and other financial services institutions. NetSol’s primary product, LeaseSoft, helps process and manage incoming credit applications. The company counts car dealerships among its prime customers, and its Wholesale Finance System automates and manages the floor plan and bailment activities of dealerships as well as providing a tool for the management of dealership fleets.

California-based NetSol, founded in 2002 and formerly known as NetSol International, is in the midst of a massive expansion of its product offerings and is seeking to externally grow its business through acquisitions and alliances. The company has international locations serving Europe, Southeast Asia, Asia Pacific, China and the United States. To reduce costs, most of NetSol’s skilled labor force, about 80 percent, is based in Pakistan.

Earlier this month, NetSol said that Al-Amthal Leasing, one of the largest leasing companies