NETSOL Technologies Reports 19% Revenue Growth in Fiscal Fourth Quarter of 2024 and Exceeds Full Fiscal Year 2024 Revenue Target

FY’24 Total Revenue Increase 17% to $61.4 million exceeding target revenue range of$ 60 - $61 millionQ4’ 24 Gross Margins of 52% increased from 35% in 4Q’ 23; FY’ 24 Gross Margins of 48% increased from 32% in FY ’23FY’24 Operating Income of$ 3.5 million from a loss of $(8.8 million) last year$ 0.06 earnings per share in FY’ 24 compared with a loss of $(0.46) per share in FY’ 2310% increase in Subscription and Support revenues to$ 7.5 million in 4Q’ 24; Annual Recurring Revenues of $28 million meets FY’ 24 ta ...