Print Print edition: 2016-09-06

NetSol Technologies Limited

Published Updated

NetSol Technologies Limited (PSX: NetSol) one of Pakistan's most prominent software companies. The Lahore-based firm has been engaged in providing a variety of information technology services and custom software offerings. NetSol's forte lies in technology outsourcing, systems integration, application development, business intelligence, and information security. From the start, NetSol has targeted a variety of industries, which include lease finance, manufacturing, banking, healthcare, education, information technology, insurance, e-government and defence. Over the years, the financial services industry emerged as NetSol's main clientele, most of which reside overseas in the Asia Pacific region.

NetSol draws bulk of its revenues from abroad. Available information suggests that the firm has provided services to more than thirty bluechip global clients, including Fortune 500 manufacturers, global automakers, and financial institutions. Domestic sales have been low (1.4% in 9MFY16) but recently there has been a pickup in domestic revenues from software services and maintenance. Given low domestic demand on account of a variety of reasons, it makes sense for NetSol to keep its focus towards overseas markets to better monetise its human resource capabilities.

Copyright Business Recorder, 2016