Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 12

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 12
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 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.                                                                                                                                |

| § | A UK-based award-winning specialist finance brokerage, Charles and Dean, subscribed to two products from our Transcend Marketplace 
 platform – Flex and Dock.                                                                                                          |

| 8 |

| § | We signed an expansion agreement with a major automaker and longstanding partner to support their operations in China, increasing 
 the total contract value to over $30 million – entering a new stage of growth.                                                    |

| § | The Company reported 19% revenue growth in the fiscal fourth quarter of 2024 and exceeded our full fiscal year 2024 revenue target. |

| § | We secured a contract to implement our Transcend Finance platform for an independent leasing Company based in the Netherlands for  
 their wholesale operations. This partnership is a strategic first for NetSol in the Netherlands and supports the Company’s broader 
 European growth strategy.                                                                                                          |

| § | Unifying all our product and service offerings, we unveiled our AI-powered Transcend Platform to provide customers with a unified           
 digital retail and asset finance solution. It caters to automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers, 
 banks and other financial institutions. The Transcend Platform offers a robust set of products and solutions under one umbrella, showcasing 
 our commitment to harnessing the transformative potential of AI.                                                                            |

| § | A leading Chinese auto finance provider, which was an existing partner of ours since 2009, transitioned to our Transcend Finance platform 
 as part of a multi-million-dollar agreement. The transition for the Guangzhou-based customer included an end-to-end migration –           
 one of the largest volumes migrated by NetSol in China at over three million contracts.                                                   |

| § | The Company reported 3% total net revenue growth with a 26% increase in recurring revenue and net profitability in the fiscal first 
 quarter of 2025.