NetSol Technologies, Inc. (NTWK), a global business services and enterprise application solutions provider, today announced it has signed an agreement valued at more than $16 million to implement NFS Ascent(TM), the company’s next-generation software platform. The implementation is scheduled to be completed within the next 18 months, with the first phase scheduled to go live in February 2015. License and services revenue will generate more than $10 million in revenues. In addition, the five-year cost of ownership, including maintenance and support, brings the contract value to more than $16 million.
Speaking from a valuation-measure perspective, shares of NetSol Technologies have a forward P/E of 6.02 and a P/E to growth ratio of -0.14. Price/sales for the t-12 period is at 0.59 while EPS is at ($0.10). The company has a market cap of $25.18 million and a median Wall Street price target of $4.95 with a high target of $4.95. Currently there is 1 ‘Buy’ rating on the stock.
Profitability-wise, NetSol’s t-12 profit margin currently stands at (2.05%) while operating ones are at (5.44%). The company reported $12.38 million in cash vs. $7.69 million in debt in its most recent quarter. NTWK is currently up 43 cents, printing a one year return of less than 68 percent, and a year-to-date return of less than 46%.
NetSol Technologies, Inc. designs, develops, markets, and exports software products primarily to the automobile finance and leasing, banking, healthcare, and financial services industries worldwide. The company was founded in 1997 and is headquartered in Calabasas, California.