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Friday, March 31, 2023

NetSol (NASDAQ: NTWK) Secure Five-Year Renewal Deal with Tier-One Japanese

NetSol Technologies, Inc. (NASDAQ: NTWK) has won a multi-million-dollar renewal of its current deal with a current tier-one Japanese automotive client in Thailand. As per the agreement, the customer will be able to continue to license certain key elements of NETSOL’s NFS Retail platform, comprising its NFS Credit Application Processing System (CAP) and NFS Contract Management System (CMS).

NETSOL disclosed that it sincerely values its relations with its long-running clients, who continue to put their trust in the firm. The goal of the firm is not only to simplify operations but to go the extra mile and guarantee that its client’s businesses are future-proofed for the road forward.

Shares of NETSOL soared 28.14% as it gained +1.21 during the trading session of Tuesday. The firm has reported a trading volume of 9.11 million as compared to the average volume of 45.80K. In the past 52-week of a trading session, the share of the firm fluctuated $2.05 and $5.30 from its 52-week low and high range, respectively. The market capitalization of NetSol reached $49.95 at the time of writing on Tuesday.

The firm has been trying to offer clear value and excellence for its businesses, leveraging both the CAP and CMS modules of its NFS Retail platform. On a wider level, this renewal further strengthens its position in Thailand and across Asia-Pacific as the ideal business partner for auto captives and finance and leasing firms in the region.

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