Unassociated Document

0001144204-10-023879.txt : 20100503 0001144204-10-023879.hdr.sgml : 20100503 20100503133832 ACCESSION NUMBER: 0001144204-10-023879 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100503 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100503 DATE AS OF CHANGE: 20100503 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: 10790902 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 v183211_8-k.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

Date of Report (Date of earliest event reported): May 3, 2010 (May 3, 2010)

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 May 3, 2010, NetSol Technologies, Inc.’s Pakistani subsidiary, NetSol Technologies, Ltd. announced the results of operations and financial conditions for the quarter ended March31, 2010. 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 Announcement for March 31, 2010 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: May 3, 2010	/s/ Najeeb Ghauri
	NAJEEB GHAURI
	Chief Executive Officer


Date: May 3, 2010	/s/ Boo-Ali Siddiqui
	BOO-ALI SIDDIQUI
	Chief Financial Officer

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EX-99.1 2 v183211_ex99-1.htm Unassociated Document

EXHIBIT 99.1

NetSol Technologies Ltd. March 31, 2010

FINANCIAL HIGHLIGHTS

·	Revenues increased by 173% over the third quarter of FY 2008-09

·	Gross profit increased to 72% of revenues over third quarter of FY 2009-10 compared to just 3% in the corresponding period of previous year

·	Company posted net income of Rs. 230 million as compared to a loss of Rs. 138 million in corresponding period of FY 2008-09

NetSol PK posted revenues of Rs. 448.75 million which represents an increase of 173% as compared to Rs. 164.32 million reported in the same period last year. Gross profit in the quarter under review jumped to Rs. 322.42 million as compared to Rs. 4.11 million reported in the same quarter of fiscal year 2008-09. During the current quarter, the company posted net income of Rs. 230 million compared to a net loss of Rs. 138 million in the same period of FY 2008-09. Diluted earnings per share remained at Rs. 2.90 compared to a loss per share of Rs. 1.88 reported in the corresponding period of FY 2008-09.

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