NetSol Technologies

NETSOL Technologies has announced personnel changes in the Americas and Europe: Faizaan Ghauri will become president of NETSOL Technologies Americas and will be responsible for sales, business development and delivery, finance and accounting. Peter Minshall is relocating to the UK as director, finance and operations for NETSOL Technologies Europe and Virtual Lease Services. Umar Qadri is also moving to the UK and will remain deputy head of global sales with a focus on supporting European sales activities. » More on de.investing.com

At the Micro-Cap Conference NetSol Technologies highlighted the accelerated transition from license and services revenue to recurring SaaS revenue and its North American expansion. In fiscal 2026 third quarter the company posted record revenue of $19.8 million (up 13%) with a gross margin of 55.6%; the full-year revenue forecast remains $73 million. Recurring revenue rose significantly and is expected to grow to about $35 million by year-end, supported by products such as Transcend Retail and Transcend Finance. NetSol also emphasizes increased AI investments to boost efficiency and improve products, but sees continued competitive pressure in some core markets and timing challenges in converting new business into revenue. » More on de.investing.com

NETSOL Technologies was added to the Russell 3000E Index and the Russell Microcap Index as part of FTSE Russell's semiannual reconstitution, effective June 29, 2026. The company provides AI-powered solutions for asset financing and leasing and serves customers in more than 30 countries. The stock rose 46% over the past six months (up 44% year-to-date) and most recently traded at $4.35 with a market capitalization of $51.66 million. CEO Najeeb Ghauri called the index inclusion a significant step for NETSOL. » More on de.investing.com