Brief: Netsol Technologies Provides Updates On COVID-19 Impact, Response

Netsol Technologies

20/04/2020 13:36

April 20 (Reuters) - NetSol Technologies Inc  NTWK.O :
    * NETSOL TECHNOLOGIES PROVIDES UPDATES ON COVID-19 IMPACT
AND
RESPONSE
    * NETSOL TECHNOLOGIES INC - EXPECTS TO INCUR A MATERIAL
IMPACT IN
REVENUES FOR FISCAL Q3 AND REMAINDER OF FISCAL 2020
    * NETSOL TECHNOLOGIES - EMPLOYEES OF CO AND UNITS HAVE TAKEN
REDUCTION IN SALARY OF NEARLY 20% COMPANY-WIDE, INCLUDING CO'S
MANAGEMENT TEAM AND BOARD
    * NETSOL TECHNOLOGIES INC - EXPECT COSTS SAVINGS OF $5
MILLION ON
AN ANNUALIZED BASIS

Source text for Eikon:  ID:nGNXB1JGH 
Further company coverage:  NTWK.O 

 ((Reuters.Briefs@thomsonreuters.com;))