NetSol (NTWK) Boost FY12 Revs Outlook; Cites Stronger Overall Growth
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Price: $9.26 +0.76%
Revenue Growth %: +37.0%
Financial Fact:
Total cost of revenues: 6.32M
Today's EPS Names:
TARO, SENEA, UQM, More
Revenue Growth %: +37.0%
Financial Fact:
Total cost of revenues: 6.32M
Today's EPS Names:
TARO, SENEA, UQM, More
Trade NTWK Now!
NetSol Technologies, Inc. (Nasdaq: NTWK), provided preliminary revenue and earnings per share results for the fiscal year and fourth quarter ended June 30, 2012. Preliminary revenue results indicate the company's strongest year ever, with consecutive sequential quarterly growth throughout – a company first – and the highest quarterly revenue in the company's history.
Based on preliminary estimates, NetSol anticipates total revenue for the fiscal year will be in the range of $37 million to $38 million, indicating fiscal fourth quarter revenue of approximately $11.6 to $12.6 million, versus prior guidance of $8.6 million to $10.1 million.
The Street sees revs of $34 million and EPS of 2 cents.
Previously, NetSol said that it expected total revenue for the fiscal year of approximately $34 million to $35.5 million, or revenue growth of 30% to 40% for the second half of the fiscal year compared with the first half of the year. Instead, the company now anticipates growth of 50% to 56% for the second half over the first half of the year. The company attributed the robust growth to having signed a number of new contracts in the fiscal fourth quarter and continued robust demand for its core NFS Suite offering.
Given the current revenue estimates, NetSol now expects to report earnings per diluted share for the fiscal year in the range of $0.03 to $0.04, translating to earnings per diluted share in the fiscal fourth quarter of approximately $0.02 to $0.03. Previously the company said it expected achieving profitability for the full fiscal year.
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Based on preliminary estimates, NetSol anticipates total revenue for the fiscal year will be in the range of $37 million to $38 million, indicating fiscal fourth quarter revenue of approximately $11.6 to $12.6 million, versus prior guidance of $8.6 million to $10.1 million.
The Street sees revs of $34 million and EPS of 2 cents.
Previously, NetSol said that it expected total revenue for the fiscal year of approximately $34 million to $35.5 million, or revenue growth of 30% to 40% for the second half of the fiscal year compared with the first half of the year. Instead, the company now anticipates growth of 50% to 56% for the second half over the first half of the year. The company attributed the robust growth to having signed a number of new contracts in the fiscal fourth quarter and continued robust demand for its core NFS Suite offering.
Given the current revenue estimates, NetSol now expects to report earnings per diluted share for the fiscal year in the range of $0.03 to $0.04, translating to earnings per diluted share in the fiscal fourth quarter of approximately $0.02 to $0.03. Previously the company said it expected achieving profitability for the full fiscal year.
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