NETSOL signs expansion agreement with major automaker

NETSOL Technologies, Inc. has signed a new agreement with a major automaker and longstanding customer to support their operations throughout China.

This agreement, which expands on a longstanding partnership, brings the total value of the contract to over $30 million over five years and is expected to contribute to consistent revenue growth in fiscal 2025 and beyond.

Najeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies, Inc., commented, “We’re pleased to expand our agreement with a longstanding client and major automaker to support their operations in China.

“This agreement represents a new stage of growth for our business as we begin to broaden our scope in the Asia Pacific market, where we already have a very strong and established presence.”

“We anticipate this new contract will contribute to double-digit revenue growth in fiscal 2025,” he added.

Amanda Li, President of NETSOL China, commented, “NETSOL China is an industry leader with a dominant market share in the country.

“We are very excited to have won this major new contract to support our longstanding client with operations including onsite support, change requests, and annual maintenance. This contract is expected to nearly double the revenue that we will receive over the term of the agreement.”