Significant Revenue Growth
Total net revenue growth in the second fiscal quarter of 2025 was driven by a double-digit percentage increase in recurring revenues and a 26% increase in services revenues compared to the second quarter of fiscal 2024.
Strategic Investments in AI
NetSol made strategic investments in AI, positioning the company as an AI-first organization with advancements such as intelligent document processing and an interactive AI assistant.
Multimillion-Dollar Agreement with BMW Group
NetSol announced a multimillion-dollar agreement with BMW Group in the US, expanding on a relationship that dates back to 2009.
Strong Interest in Transcend Platform
The Transcend platform has gained strong interest, with integration into new customers beyond the MINI USA network and a positive response in the US market.
Increased Cash and Cash Equivalents
NetSol increased its cash and cash equivalents to approximately $21.3 million as of December 31, 2024, compared with $19.1 million at June 30, 2024.