NETSOL Appoints Sardar Abubakr as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2026
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Should l Buy NTWK?
NETSOL Technologies (NTWK) announced the appointment of Sardar Abubakr, as CFO Abubakr will be based in Dubai, UAE. Roger Almond, the Company's current CFO, will remain with NETSOL as Chief Accounting Officer, responsible for NETSOL's global accounting operations and the preparation of its Forms 10-Q and Form 10-K filings. Most recently, Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group (VEON).
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About NTWK
NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions primarily serving the global leasing and finance industry. The Company is engaged in licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent to businesses in the global finance and leasing space. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s products include transcend platform, digital retail, intermediary portals, originations, servicing, wholesale finance, and mobility solutions. Its solutions include asset finance, automotive finance, and equipment finance. Its solutions include Omni Point of Sale (Omni POS), Contract Management System (CMS), Wholesale Finance System (WFS), Otoz Platform, Appex Now, Mobile Point of Sale (mPOS), Mobile Field Investigator (mFI), Otoz Digital Retail, Otoz Mobility Orchestration, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NetSol Technologies Reports Q2 Earnings and Executive Appointment
- Earnings Highlights: NetSol Technologies reported a Q2 GAAP EPS of $0.02 and revenue of $18.8 million, reflecting a 21% year-over-year growth, indicating sustained momentum in the market and boosting investor confidence.
- Contract Extension: The company signed a $50 million, four-year contract extension with a client, which not only secures future revenue streams but also strengthens strategic partnerships with key clients, enhancing the company's market position.
- Executive Appointment: NetSol appointed Sardar Abubakr as Chief Financial Officer, aiming to bolster financial management capabilities to support long-term growth strategies, which is expected to bring higher financial transparency and efficiency to the company.
- Market Rating: Seeking Alpha's Quant Rating on NetSol reflects positive market sentiment, indicating analysts' optimistic outlook on the company's future performance, which may attract more investor interest and participation.
See More
NETSOL Technologies Reports Strong Q2 2026 Financial Results
- Significant Revenue Growth: NETSOL Technologies reported total net revenues of $18.8 million for Q2 2026, reflecting a 21.1% year-over-year increase, primarily driven by higher service and subscription support revenues, indicating strong market demand in the asset financing sector.
- Substantial Service Revenue Increase: Service revenues surged by 40.9% to $9.6 million, reflecting optimized implementation timing and project mix, which further solidifies the company's competitive position in the industry.
- Improved Profitability: The company achieved a gross profit of $9.0 million in Q2, with a gross margin increase to 48% from 44.5% in the prior year, demonstrating significant progress in cost control and operational efficiency.
- Strong Cash Flow: As of December 31, 2025, NETSOL's cash and cash equivalents rose to $18.1 million, a 4% increase from the previous period, showcasing the company's ability to maintain solid liquidity while continuing to invest and expand its business.
See More
NETSOL Technologies to Hold Financial Results Conference Call
- Conference Call Announcement: NETSOL Technologies will hold a conference call on February 12, 2026, at 9:00 AM ET to discuss its financial results for Q2 FY2026, which ended on December 31, 2025, likely attracting significant interest from investors and analysts.
- Participant Access Information: Participants can join the call by dialing 1-877-407-0789 or 1-201-689-8562, and the call will be broadcast live with replay options available, ensuring that investors unable to attend in real-time can access critical information.
- Replay Details: Telephone replays will be available approximately three hours after the call ends, with dial-in numbers 1-844-512-2921 or 1-412-317-6671, expiring on February 26, 2026, at 11:59 PM ET, providing a convenient information retrieval channel for investors.
- Company Background: Since its inception in 1996, NETSOL Technologies has been dedicated to delivering cutting-edge solutions for the asset finance and leasing industry, serving automotive and equipment OEMs and financial institutions across over 30 countries, showcasing its deep industry expertise and commitment to customer-centric excellence.
See More
NETSOL China Achieves National High-Tech Enterprise Certification
- High-Tech Certification: NETSOL China's wholly-owned subsidiary, Tianjin Nuojin Zhicheng Technology Co., Ltd., has successfully achieved National High-Tech Enterprise certification, indicating authoritative validation of its core independent R&D capabilities and technological innovation system, thereby solidifying the company's technological foundation and compliance in the Chinese market.
- Enhanced Local R&D: The certification significantly strengthens NETSOL's R&D and delivery capabilities in China, enabling better support for customer needs regarding regulatory compliance, system stability, and continuous iteration, which in turn enhances customer satisfaction and market competitiveness.
- Unified Global Standards: Operating under a globally unified product architecture and technical standards, Tianjin Nuojin Zhicheng focuses on the automotive finance and leasing sectors, effectively implementing China-specific business rules and compliance requirements to ensure smooth project delivery and technical support.
- Strategic Market Positioning: NETSOL's success in China reflects its long-term commitment to building local technology capabilities aligned with global standards, and it looks forward to deeper collaboration with financial institutions, automotive groups, and industry partners to drive continuous innovation and stable market development.
See More
NETSOL Technologies Appoints New CFO
- Executive Appointment: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer effective January 20, 2026, indicating a strategic shift in financial management aimed at enhancing transparency and operational efficiency.
- Current CFO Transition: Current CFO Roger K. Almond will transition to Chief Accounting Officer, overseeing global accounting operations and the preparation of Forms 10-Q and 10-K, ensuring compliance and accuracy in financial reporting.
- Extensive Industry Experience: Prior to joining NETSOL, Sardar Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, where he led strategic transactions and major restructuring, which is expected to bring new growth opportunities and market insights to NETSOL.
- Future Outlook: This executive change not only reflects NETSOL's commitment to financial management but may also lay the groundwork for the company's strategic development and market expansion, enhancing its competitiveness in the digital ecosystem.
See More
NETSOL Appoints New CFO Sardar Abubakr
- Executive Change: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer, succeeding Roger Almond who will transition to Chief Accounting Officer, effective January 20, aiming to enhance the company's financial management capabilities.
- Extensive Experience: Abubakr brings over 20 years of international leadership experience, most recently serving as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, and his extensive industry background is expected to provide strategic financial guidance for NETSOL.
- Market Reaction: Following the announcement, NTWK shares traded down 1.61% in pre-market activity on Nasdaq, reaching $3.05, reflecting a cautious market sentiment regarding the executive transition, which may impact investor confidence.
- Future Outlook: With the new CFO's appointment, NETSOL may adjust its financial strategies and business expansion plans to adapt to the changing market environment and enhance overall competitiveness.
See More
NetSol Technologies Reports Q2 Earnings and Executive Appointment
- Earnings Highlights: NetSol Technologies reported a Q2 GAAP EPS of $0.02 and revenue of $18.8 million, reflecting a 21% year-over-year growth, indicating sustained momentum in the market and boosting investor confidence.
- Contract Extension: The company signed a $50 million, four-year contract extension with a client, which not only secures future revenue streams but also strengthens strategic partnerships with key clients, enhancing the company's market position.
- Executive Appointment: NetSol appointed Sardar Abubakr as Chief Financial Officer, aiming to bolster financial management capabilities to support long-term growth strategies, which is expected to bring higher financial transparency and efficiency to the company.
- Market Rating: Seeking Alpha's Quant Rating on NetSol reflects positive market sentiment, indicating analysts' optimistic outlook on the company's future performance, which may attract more investor interest and participation.
See More
NETSOL Technologies Reports Strong Q2 2026 Financial Results
- Significant Revenue Growth: NETSOL Technologies reported total net revenues of $18.8 million for Q2 2026, reflecting a 21.1% year-over-year increase, primarily driven by higher service and subscription support revenues, indicating strong market demand in the asset financing sector.
- Substantial Service Revenue Increase: Service revenues surged by 40.9% to $9.6 million, reflecting optimized implementation timing and project mix, which further solidifies the company's competitive position in the industry.
- Improved Profitability: The company achieved a gross profit of $9.0 million in Q2, with a gross margin increase to 48% from 44.5% in the prior year, demonstrating significant progress in cost control and operational efficiency.
- Strong Cash Flow: As of December 31, 2025, NETSOL's cash and cash equivalents rose to $18.1 million, a 4% increase from the previous period, showcasing the company's ability to maintain solid liquidity while continuing to invest and expand its business.
See More
NETSOL Technologies to Hold Financial Results Conference Call
- Conference Call Announcement: NETSOL Technologies will hold a conference call on February 12, 2026, at 9:00 AM ET to discuss its financial results for Q2 FY2026, which ended on December 31, 2025, likely attracting significant interest from investors and analysts.
- Participant Access Information: Participants can join the call by dialing 1-877-407-0789 or 1-201-689-8562, and the call will be broadcast live with replay options available, ensuring that investors unable to attend in real-time can access critical information.
- Replay Details: Telephone replays will be available approximately three hours after the call ends, with dial-in numbers 1-844-512-2921 or 1-412-317-6671, expiring on February 26, 2026, at 11:59 PM ET, providing a convenient information retrieval channel for investors.
- Company Background: Since its inception in 1996, NETSOL Technologies has been dedicated to delivering cutting-edge solutions for the asset finance and leasing industry, serving automotive and equipment OEMs and financial institutions across over 30 countries, showcasing its deep industry expertise and commitment to customer-centric excellence.
See More
NETSOL China Achieves National High-Tech Enterprise Certification
- High-Tech Certification: NETSOL China's wholly-owned subsidiary, Tianjin Nuojin Zhicheng Technology Co., Ltd., has successfully achieved National High-Tech Enterprise certification, indicating authoritative validation of its core independent R&D capabilities and technological innovation system, thereby solidifying the company's technological foundation and compliance in the Chinese market.
- Enhanced Local R&D: The certification significantly strengthens NETSOL's R&D and delivery capabilities in China, enabling better support for customer needs regarding regulatory compliance, system stability, and continuous iteration, which in turn enhances customer satisfaction and market competitiveness.
- Unified Global Standards: Operating under a globally unified product architecture and technical standards, Tianjin Nuojin Zhicheng focuses on the automotive finance and leasing sectors, effectively implementing China-specific business rules and compliance requirements to ensure smooth project delivery and technical support.
- Strategic Market Positioning: NETSOL's success in China reflects its long-term commitment to building local technology capabilities aligned with global standards, and it looks forward to deeper collaboration with financial institutions, automotive groups, and industry partners to drive continuous innovation and stable market development.
See More
NETSOL Technologies Appoints New CFO
- Executive Appointment: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer effective January 20, 2026, indicating a strategic shift in financial management aimed at enhancing transparency and operational efficiency.
- Current CFO Transition: Current CFO Roger K. Almond will transition to Chief Accounting Officer, overseeing global accounting operations and the preparation of Forms 10-Q and 10-K, ensuring compliance and accuracy in financial reporting.
- Extensive Industry Experience: Prior to joining NETSOL, Sardar Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, where he led strategic transactions and major restructuring, which is expected to bring new growth opportunities and market insights to NETSOL.
- Future Outlook: This executive change not only reflects NETSOL's commitment to financial management but may also lay the groundwork for the company's strategic development and market expansion, enhancing its competitiveness in the digital ecosystem.
See More
NETSOL Appoints New CFO Sardar Abubakr
- Executive Change: NETSOL Technologies has appointed Sardar Abubakr as Chief Financial Officer, succeeding Roger Almond who will transition to Chief Accounting Officer, effective January 20, aiming to enhance the company's financial management capabilities.
- Extensive Experience: Abubakr brings over 20 years of international leadership experience, most recently serving as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group, and his extensive industry background is expected to provide strategic financial guidance for NETSOL.
- Market Reaction: Following the announcement, NTWK shares traded down 1.61% in pre-market activity on Nasdaq, reaching $3.05, reflecting a cautious market sentiment regarding the executive transition, which may impact investor confidence.
- Future Outlook: With the new CFO's appointment, NETSOL may adjust its financial strategies and business expansion plans to adapt to the changing market environment and enhance overall competitiveness.
See More
