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NetSol Technologies Inc. reported lower earnings and revenue for the fiscal second quarter. The Calabasas software developer for the vehicle and equipment leasing markets reported on Tuesday a net loss of $242,000 (-2 cents a share) for the quarter ending Dec. 31, compared with net income of $586,000 (5 cents) in the same period a year earlier.  Revenue decreased 17 percent to $13.1 million. The company attributed the revenue drop to a decrease in total service revenues to $4.8 million, which was offset by an increase in total license fees to $2.5 million and an increase in total subscription and support revenues to $5.7 million. Chief Executive Najeeb Ghauri said in a statement the fiscal second quarter saw incremental improvements with early stages of return to work as the coronavirus vaccines began their roll out toward the end of last year.

Mark madlerNajeeb ghauriNetsol technologies incYields quarterly lossTsol technologiesExecutive najeeb ghauriநஜீப் க au ரிநேட்சொல் தொழில்நுட்பங்கள் இன்க்சொல் தொழில்நுட்பங்கள்நிர்வாகி நஜீப் க au ரி