|
|
Netsol Technologies Inc (NTWK) |
|
Netsol Technologies Inc 's Comment on Competitors and Industry Peers
Neither a single company, nor a small number of companies, dominate the IT market
in the space in which the Company competes. A substantial number of companies
offer services that overlap and are competitive with those offered by NetSol.
Some of these are large include computer manufacturers and computer consulting
firms that have greater financial resources than NetSol and, in some cases, may
have greater capacity to perform services similar to those provided by NetSol.
In the NFS™ business space, the barriers to entry are getting higher.
The products are becoming more cutting-edge while richness in functionality
is paramount. Older companies have prolonged the life of their legacy products
by creating web-based front ends, while the core of the systems has not been
re-engineered. In the case of NFS™, we compete chiefly against leading
suppliers of IT solutions to the financial industry, including names such as
White Clarke, Fimasys, International Decision Systems (IDS), Data Scan, Alfa,
3i Infotech, Finnone and Nucleus Software.
In the IT based business services areas, we compete with both smaller local
firms and many global IT services providers, including names such as Wipro,
InfoSys, Satyam Infoway, HCL and TCS (Tata Consulting).
Many of the competitors of NetSol have longer operating history, larger client
bases, and longer relationships with clients, greater brand or name recognition
and significantly greater financial, technical, and public relations resources
than NetSol. Existing or future competitors may develop or offer services that
are comparable or superior to ours at a lower price, which could have a material
adverse effect on our business, financial condition and results of operations.
Overall company Market Share Q3 2022 |
*Market share is calculated based on total revenue.
NTWK's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP
(in millions of $) |
REVENUES
(in millions of $) |
INCOME
(in millions of $) |
EMPLOYEES |
| Netsol Technologies Inc |
NTWK |
35.23 |
57.00 |
0.00 |
1,461 |
| Adtran Holdings Inc |
ADTN |
1,359 |
821.42 |
-48.03 |
2,060 |
| Audiocodes ltd |
AUDC |
692 |
248.92 |
33.75 |
0 |
| Black Knight inc |
BKI |
9,573 |
1,554.60 |
488.30 |
6,400 |
| Infosys Limited |
INFY |
82,303 |
16,311.00 |
2,968.00 |
259,612 |
| Meridianlink inc. |
MLNK |
1,419 |
77.27 |
2.22 |
472 |
| Wipro Limited |
WIT |
27,904 |
10,425.00 |
1,612.00 |
0 |
| SUBTOTAL |
123,285.28 |
29,494.74 |
5,056.35 |
270,005 |
|
