NTWK News & Events

Reports Q2 revenue $18.8M vs. $15.5M last year. Najeeb Ghauri, CEO,said "NETSOL delivered a strong second quarter of fiscal 2026, with total net revenues up 21% year-over-year to $18.8M. Services revenue grew 41%, driven by active implementations of Transcend Finance and Transcend Retail, and we view implementation momentum as an important leading indicator of future subscription scale. Transcend Retail is gaining meaningful traction in the U.S. automotive market, with adoption by leading dealer groups and franchised dealerships. Partnerships with MINI USA, Sonic Automotive, Indigo Auto Group, and others reflect growing validation of our platform and the outcomes it enables for dealers. While SaaS revenue growth is currently moderated by the timing of customer go-lives, we believe recurring revenues can accelerate over time as these deployments complete. We are also investing in AI to extend our product roadmap, including Check, an AI-enabled credit decisioning capability built into our loan origination system, designed to help credit and funding teams work faster and with greater precision by turning data into real-time, actionable decisions."

etSol Technologies has announced the deployment of its Transcend Finance platform for Northridge Finance, a division of Bank of Ireland UK, to optimize its wholesale finance capabilities. "We are thrilled to announce that we have successfully implemented our Transcend Finance platform for Northridge Finance to underpin their growth strategy of their wholesale finance operations," said Najeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies Inc. "Northridge have exciting plans and wanted differentiated and elevated capabilities in wholesale stocking. Transcend Finance gives them increased operational agility, automation, faster payments, robust risk management and a richer dealer experience they can use to grow their portfolio. We are excited to partner with them as they embrace the future of wholesale finance with our cutting-edge technology."

NETSOL Technologies (NTWK) announced the appointment of Sardar Abubakr, as CFO Abubakr will be based in Dubai, UAE. Roger Almond, the Company's current CFO, will remain with NETSOL as Chief Accounting Officer, responsible for NETSOL's global accounting operations and the preparation of its Forms 10-Q and Form 10-K filings. Most recently, Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group (VEON).

NETSOL Technologies has signed a $50 million contract extension with a tier-one global auto captive. The total contract value is expected to be recognized over the four-year term and will support recurring revenue. The agreement extends the customer's use of Transcend Finance and includes maintenance and licensing fees. The new contract builds on NETSOL's earlier multi-country engagement, originally announced in 2015, when a contract was signed for over $100 million, under which NETSOL successfully implemented its platform across 12 markets.