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December 2, 2004 Stock Pick: NetSol Technologies Inc. (NTWK)

Stock Price: $2.25

NetSol Technologies, Inc. is a developer of proprietary software applications and provider of information technology (IT) services. NetSol services range from consulting and application development to systems integration and outsourcing.

The company recently reported a 112% increase in Q4 revenues to $2.1 million over the same period last year. Included in the report was their first ever profit of just over $34,000.

NTWK has a small float of 6.7 million and a market cap of only $22.6 million. NTWK corrected yesterday, but should be headed higher in the near term.

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