Reports Q1 revenue $15M vs. $14.6M last year. Najeeb Ghauri, CEO and Chairman: “While our first quarter financial results reflect some near-term pressures, we are encouraged by the overall growth in total net revenues, which increased 2.8% year-over-year to $15 million. We experienced continued growth in our subscription and support revenues, which increased 9.4% year-over-year. This trend demonstrates that our recurring revenue model is gaining traction and provides a solid foundation for long-term stability and profitability.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTWK:
- NetSol Technologies launches Check AI
- NETSOL Technologies Reports Strategic Growth and Expansions
- NetSol Technologies Reports Robust Q4 Growth Amid Strategic Shifts
- EA acquired in go-private deal for $55B, Carnival reports Q3 beat: Morning Buzz
- NetSol Technologies reports Q4 EPS (22c) vs. (1c) last year