February 13, 2018 / 12:37 PM / 10 days ago

BRIEF-Netsol Technologies Reports Q2 Earnings Per Share Of $0.06

Feb 13 (Reuters) - Netsol Technologies Inc:

* NETSOL TECHNOLOGIES REPORTS FISCAL SECOND QUARTER 2018 FINANCIAL RESULTS

* Q2 REVENUE $14.4 MILLION VERSUS $15.9 MILLION

* Q2 GAAP EARNINGS PER SHARE $0.06

* NETSOL TECHNOLOGIES - QUARTERLY COST SAVINGS OF $2.1 MILLION DIRECTLY TIED TO RECENT COST RATIONALIZATION INITIATIVES, BRINGING TOTAL SAVINGS TO $4.4 MILLION

* SEES ANTICIPATED COST REDUCTION OF MORE THAN $6.0 MILLION THROUGH FISCAL 2018

* QTRLY NON-GAAP ADJUSTED EBITDA $0.19 PER DILUTED SHARE Source text for Eikon: Further company coverage:

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