NETSOL Technologies Signs $30M Agreement With Major Automaker To Support Operations In China Over Five Years; Expected To Drive Revenue Growth In Fiscal 2025 And Beyond
Portfolio Pulse from Benzinga Newsdesk
NETSOL Technologies has signed a $30 million agreement with a major automaker to support operations in China over five years. This deal is expected to drive revenue growth for NETSOL starting in fiscal 2025.
September 10, 2024 | 12:33 pm
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NETSOL Technologies has entered into a $30 million agreement with a major automaker to support operations in China over the next five years. This partnership is expected to boost NETSOL's revenue starting in fiscal 2025.
The $30 million agreement with a major automaker is a significant partnership for NETSOL Technologies, indicating a strong business relationship and potential for increased revenue. The long-term nature of the deal (five years) suggests stability and growth prospects, particularly starting in fiscal 2025. This is likely to positively impact NTWK's stock price in the short term as investors anticipate future revenue growth.
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