NETSOL Technologies Reports Fiscal Q2 2020 Financial Results

NETSOL Technologies (NASDAQ:NTWK) reported total net revenue of US$15.7 million in its results for the fiscal second quarter ended December 31, 2019.

As quoted in the press release:

Fiscal Second Quarter 2020 Financial Results
Total net revenues for the second quarter of fiscal 2020 were $15.7 million, compared with $17.0 million in the prior year period. The decrease in total net revenues was primarily due to a decrease in total license fees of $4.4 million, which was offset by an increase in services revenues of $1.8 million and an increase in total maintenance fees of $1.3 million.

• Total license fees were $384,000, compared with $4.8 million in the prior year period.

• Total maintenance fees were $5.0 million, compared with $3.7 million in the prior year period.

• Total services revenues were $10.3 million, compared with $8.5 million in the prior year period.

Click here to read the full press release.