NTWK - NetSol Non-GAAP EPS of $0.03 revenue of $14.8M; updates FY22 guidance

NetSol press release (NASDAQ:NTWK): FQ3 Non-GAAP EPS of $0.03. Revenue of $14.8M (+7.4% Y/Y). Non-GAAP adjusted EBITDA for the third quarter of fiscal 2022 totaled $0.4 million, compared with non-GAAP adjusted EBITDA of $0.2M in the third quarter of fiscal 2021. "We remain on-track to deliver on our fiscal 2022 guidance. We previously forecasted 10% top-line growth and 20% growth in our recurring revenues. I am pleased to report that for the nine months ended March 31, 2022, our team has delivered top-line growth of 10.5% and increased our annual recurring revenues by nearly 34%," said NETSOL Co-Founder, Chairman and Chief Executive Officer Najeeb Ghauri.

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NetSol Non-GAAP EPS of $0.03, revenue of $14.8M; updates FY22 guidance