Unassociated Document

0001144204-09-055759.txt : 20091102 0001144204-09-055759.hdr.sgml : 20091102 20091102061333 ACCESSION NUMBER: 0001144204-09-055759 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091030 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20091102 DATE AS OF CHANGE: 20091102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETSOL TECHNOLOGIES INC CENTRAL INDEX KEY: 0001039280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954627685 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22773 FILM NUMBER: 091149622 BUSINESS ADDRESS: STREET 1: 23901 CALABASAS ROAD STREET 2: SUITE 2072 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182229195 MAIL ADDRESS: STREET 1: 23901 CALABASAS ROAD STREET 2: SUITE 2072 CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: NETSOL INTERNATIONAL INC DATE OF NAME CHANGE: 19990819 FORMER COMPANY: FORMER CONFORMED NAME: MIRAGE HOLDINGS INC DATE OF NAME CHANGE: 19970519 8-K 1 v164231_8k.htm Unassociated Document

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

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Date of Report (Date of earliest event reported): October 30, 2009 (October 30, 2009)

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 Incorporation or Organization)	(I.R.S. Employer NO.)

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)

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Item 2.02 Results of Operations and Financial Condition.

On October 30, 2009, NetSol Technologies, Inc.’s Pakistani subsidiary, NetSol Technologies, Ltd. announced the results of operations and financial conditions for the quarter ended September 30, 2009. The announcement is furnished as Exhibit 99.1 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 Earnings for September 30, 2009 for NetSol Technologies Ltd.

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: October 30, 2009	By:	/s/ Najeeb Ghauri
		NAJEEB GHAURI
		Chief Executive Officer



Date: October 30, 209	By:	/s/ Boo Ali Siddiqui
		BOO ALI SIDDIQUI
		Chief Financial Officer

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EX-99.1 2 v164231_ex99-1.htm Unassociated Document

EXHIBIT 99.1

NETSOL TECHNOLOGIES LTD. QUARTER ENDED SEPTEMBER 30, 2009

FINANCIAL RESULTS

·	Revenues increased by 3% over the last quarter of FY 2008-09

·	Gross profit rose by 34% over the last quarter of FY 2008-09

·	Net income improved to 57% of the revenues compared to 37% in the last quarter of FY 2008-09

NetSol Technologies, Ltd. (NetSol PK) posted revenues of Rs. 351.71 million which represents a increase of 3% as compared to Rs. 343.06 million reported in the immediately preceding quarter. Gross profit in the first quarter of fiscal year 2010 rose to Rs. 218.61 million i.e., 62% of revenues compared to Rs. 163.34 million in the immediate preceding quarter. NetSol PK’s net profit margin improved to 57% compared to37% achieved in the last quarter of FY 2008-09. Earnings per share were 2.67 Rupees compared to 1.61 Rupees per share reported in the immediate preceding quarter.

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