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NetSol Technologies, Inc. Message Board

  • bullbearpig1 bullbearpig1 May 7, 2013 9:42 AM Flag

    Thursday

    I believe we will have a 3rd consecutive record quarter. For those who listened to the last conference call, there was one line in there that did it for me. I forget who was talking but the line was simple and sweet." We have about 3 times the backlog as we did this time last year." It's not word for word but you get the idea. They are so far ahead of their annual EPS to date that they will have to raise guidance this time( my opinion). For those who have been following for awhile will also know that all the expenses for hiring and training of new employees is starting to pay off as they enter into the field. I don't expect much for vroozi yet but anything from there is a bonus. One last nugget from last quarter. They explained that they are receiving higher revenue for the ongoing maintenance contracts(cash flow will increase). The cash on hand was up last quarter and this quarter will grow even more. Don't forget Australia is coming online for whatever that's worth. Holding strong

    Sentiment: Strong Buy

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