NetSol Technologies, Inc. (NTWK) Announces Q2 FY 2010 Financial Results
NetSol Technologies, Inc., a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today reported its second quarter financial results for fiscal year 2010, for the period ended December 31, 2009. Financial highlights for the quarter include: • $9.5 million in revenues, up 81% year-over-year and 25% sequentially • Substantial improvement in gross margin to 62% compared to 27% a year earlier • Operating income of $1.7 million compared to an operating loss of $2.8 million in the same period a year ago • GAAP net loss applicable to common shareholders of…