NETSOL Technologies reports 19% revenue growth, surpassing targets, with improved gross margins and operating income.

From GlobeNewswire: 2024-09-30 16:05:00

NETSOL Technologies reported a 17% increase in total revenue for FY’24, reaching $61.4 million, surpassing the target revenue range. Gross margins in Q4’24 increased to 52% from 35% in Q4’23. Operating income was $3.5 million compared to a loss of $(8.8 million) last year. Subscription and support revenues rose by 10% in Q4’24 to $7.5 million, meeting the annual recurring revenue target of $28 million.



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