Share price of NetSol Technologies Inc. jumped up 40 percent at NASDAQ after announcement of the financial results of 4th Quarter for the fiscal year 2006-07.

According to a NetSol spokesperson here Thursday, the financial results for fiscal 2006-07 announced Wednesday, were reflected strongly at the NASDAQ where investors took fresh positions and NetSol Technologies Inc. share price surged over $ 2 instantly, as it closed at $ 2.37 on September 19 against $ 1.69 on September 18, showing an increase of 40 percent in a single trading session of the stock market.

Quarterly revenue surged 84 percent to $ 8.6 million from $ 4.7 million in the prior-year period. Full-year revenue grew 57 percent to $ 29.3 million from $ 18.7 million in the previous year.

“Our record top line revenue growth was fuelled by strong demand for our LeaseSoft and LeasePak solutions which experienced a 137 percent jump in license revenue year over year,” said the company chairman and chief executive Salim Ghauri.

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Excellent Salim keep it up.