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., 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