UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 1, 2008 (April 30, 2008)

Commission file number: 0-22773

NETSOL TECHNOLOGIES, INC.

(Exact name of small business issuer as specified in its charter)

NEVADA	95-4627685
(State or other Jurisdiction of	(I.R.S. Employer NO.)
Incorporation or Organization)

23901 Calabasas Road, Suite 2072, Calabasas, CA 91302

(Address of principal executive offices) (Zip Code)

(818) 222-9195 / (818) 222-9197

(Issuer's telephone/facsimile numbers, including area code)

Item 2.02 Results of Operations and Financial Condition.

On April 30, 2008, NetSol Technologies, Inc.’s Pakistani subsidiary, NetSol Technologies, Ltd. issued a press release announcing results of operations and financial conditions for the subsidiary for the quarter ended March 31, 2008. The press release is furnished as Exhibit 99.1 to this Form 8-K. On April 30, 2008, NetSol Technologies, Inc. issued a press release announcing its earnings date and conference call. This press release is furnished as Exhibit 99.2 to this Form 8-K.

The information in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document field under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Exhibits

99.1 NetSol Technologies, Ltd., News Release dated April 30, 2008

99.2 NetSol Technologies, Inc. News Release dated April 30, 2008

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NETSOL TECHNOLOGIES, INC.
Date: May 1, 2008	/s/ Najeeb Ghauri
	NAJEEB GHAURI
	Chief Executive Officer
Date: May 1, 2008	/s/ Tina Gilger
	TINA GILGER
	Chief Financial Officer