NetSol rises on FY09 outlook
Information technology solutions provider NetSol Technologies Inc. (Nasdaq:NTWK) has gained 7% in today’s trading after issuing its 2009 fiscal-year guidance ahead of the opening. For the year ending June 30, 2009, the company expects year-over-year growth of 30% to 35%. NetSol also said it expects earnings per share of $0.40 to $0.45. For 2009’s fiscal year, Wall Street is expecting earnings per share of $0.37.
“We anticipate a strong financial performance in fiscal 2009 based on the combined strength of NetSol's global operating divisions. The main impetus driving this robust outlook for revenue and profitability growth remains our strong new business pipeline and contract backlog,” said Najeeb Ghauri, chairman and CEO, in a statement.
In today’s trading, shares are up $0.21 at $3.35. The stock has ranged from $1.41 to $4.64 during the past year.
For detailed price information and recent news stories about NetSol Technologies Inc., click NTWK.
“We anticipate a strong financial performance in fiscal 2009 based on the combined strength of NetSol's global operating divisions. The main impetus driving this robust outlook for revenue and profitability growth remains our strong new business pipeline and contract backlog,” said Najeeb Ghauri, chairman and CEO, in a statement.
In today’s trading, shares are up $0.21 at $3.35. The stock has ranged from $1.41 to $4.64 during the past year.
For detailed price information and recent news stories about NetSol Technologies Inc., click NTWK.
About the Author
Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.
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