Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 11

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 11
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 as traction            
 with key automotive clients. While sharing product enhancements, the Company also announced that it was selected by AutoNation, one of        
 the largest auto retailers in the US, to power the back end of their AutoNation Mobility Micro-Lease Marketplace. NetSol also announced       
 that MINI USA doubled MINI dealer enrollments on the MINI Anywhere program (powered by Transcend Retail) in 12 months, enabling a 5x increase 
 in lead volume and vehicle sales.                                                                                                             |

| § | The Company reported 23% revenue growth and EPS of $0.04 in the fiscal second quarter of 2024. Total net revenues for the second quarter 
 of fiscal 2024 increased 23% to $15.2 million, compared with $12.4 million in the prior year period.                                     |

| § | Our calculation engine Flex also started being utilized by Haydock Finance’s broker division to create quotations and provide 
 them with real-time insights in order to make more informed decisions.                                                        |

| § | We signed a $12 million agreement with a major global automotive Company for the deployment of our Transcend Finance platform (formerly 
 known as NFS Ascent) for their operations in China. NetSol takes pride in its continued dominance in the Chinese auto finance sector.   |

| § | Close Brothers, a leading UK merchant banking group, went live with our calculation engine Flex from the Transcend Marketplace. |

| § | A leading German auto finance Company went live with Transcend Finance to support their operations in South Korea. This deployment 
 was part of a contract with a total value in excess of $110 million – the largest contract in NetSol’s history. The initial        
 agreement was signed in 2015 and included implementations in twelve countries across the Asia-Pacific region and South Africa.     |

| § | The Company reported 14% revenue growth and EPS of $0.03 in fiscal third quarter 2024, marking the third consecutive quarter of profitability. |

| § | We secured a five-year contract valued at $16 million with a leading German automaker. This agreement focuses on the implementation      
 of NetSol’s Transcend Retail platform across the automaker’s US dealerships. The implementation aims to enhance car sales                
 processes and support customer growth within the automotive sector. This partnership is anticipated to significantly improve the digital 
 retail experience for both dealerships and customers, reflecting NetSol’s commitment to innovation and excellence in the automotive      
 industry.                                                                                                                                |

| §