NetSol revenue increases by 4.5 percent

LAHORE: NetSol Technologies Ltd revenues increased 4.5 percent during the first quarter of 2010/11 over corresponding period of 2009/10, financial results released by the company showed.

NetSol reported revenues of Rs424 million ($4.90 million), which represents a 4.5 percent increase over Rs406 million ($4.69 million) reported for the first quarter of 2009/10.

NetSol to highlight floods at NASDAQ

LAHORE: NetSol Technologies has planned to highlight Pakistan’s flood miseries at the NASDAQ, the US stock exchange, on October 29, a statement said.

According to the statement, Chairman NetSol Technologies, Najeeb Ghauri, will lead the closing bell ceremony at the exchange in the presence of 40 entrepreneurs from the corporate and NGO world. Similar opportunity was earlier extended to a Pakistani foreign mission, it added.

“The event is being organised to win the hearts of world community so that they extend more help to 20-million flood victims in Pakistan,” said Salim Ghauri, Chairman NetSol Pakistan, the first Pakistani IT company listed on NASDAQ.