NetSol revenues increased 105 percent in second quarter:
The revenues of the NetSol Technologies Ltd increased by 105 percent during the 2nd quarter of the financial year 2009-10 as compared with the corresponding period.  According to a press statement issued by the NetSol Technologies on the financial results for 2nd quarter of 2009-10, the gross profit of the company has been increased by 67 percent to Rs 280.97 million as compared to 36 percent increase to Rs 73.17 million during the corresponding period of the last year.
The diluted earnings per share stayed at Rs 2.57 as compared to earnings per share of Rs 0.18 reported in the corresponding period of financial year 2008-09.  Commenting on the financial results of 2nd quarter of 2009-10, the NetSol Technologies Ltd Chairman and CEO Salim Ghauri said the exponential growth in the company’s earnings in first two quarters of the current fiscal suggest very bright prospects ahead.

1st International IT service management conference held in Dubai: Trillium Information Security System in collaboration with Pink Elephant organized the 1st IT Service Management Conference on 26-27th January 2010 at Jumeirah Beach Hotel Dubai. The event was gold sponsored by Loyalist (Certification Services) and endorsed by itSMF (IT Service Management Forum).
The conference focused on the major issues faced by the IT industry today like how to reduce IT costs, improve IT business integration and improve bottom line results. The speakers of the conference included the world’s-renowned consultants, Mr. David Ratcliffe (Co-Founder and President of Pink Elephant), Mr. Gary Case(Principle Consultant, Pink Elephant), Troy DuMoulin (AVP Product Strategy, Pink Elephant) and George Spalding(Executive Vice President Pink Elephant). Mr. Gary Case, Mr. Troy DuMoulin and Mr. George Spalding are also co authors of ITIL V 3.0.
The conference was attended by CIO/IT Heads and officials of well-known IT companies from Middle East including Abu Dhabi Judicial Department, Dubai Civil Aviation Authority, Dubai Courts, Emirates NBD Bank, Etisalat, Mindscope IT, Mashreq Bank, Arya Hamrah, and National Bonds Corporation.