NetSol Technologies (NTWK) Guides FY15 Revenue Ahead of Expectations

NetSol Technologies (NASDAQ: NTWK) announced that it expects revenue for the 2015 fiscal year ended June 30, 2015 to be approximately $49.5 million to $50.5 million, reflecting a return to record revenue levels.

*** The Street sees FY15 revenue of $48.8 million.

"We are pleased with our results, highlighting the positive momentum we have built in the business for both our first generation and next-generation financing and leasing solutions," said Najeeb Ghauri, CEO of NetSol. "With much of our investment in infrastructure and staffing complete, we anticipate strong leverage in our business model as we move through fiscal 2016 and beyond.

"Based on the recognition schedule of contracts underway, and anticipated maintenance fees, we expect continued strong revenue growth and earnings expansion in the coming year," added Ghauri. "In addition, we remain in discussions with a number of prospective customers that have the potential to further propel our growth."

The company will report results for the fiscal 2015 fourth quarter and year in September.

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