2/14/2022

speaker
Operator
Conference Call Operator

Called today are Najeeb Ghori, Chairman and Chief Executive Officer, Roger Allman, Chief Financial Officer, Patty McGlasson, General Counsel and Senior Vice President, Legal and Corporate Affairs. I would now like to turn the call over to Patty McGlasson, who will provide the necessary cautions regarding the forward-looking statements made by management during this call. Please proceed.

speaker
Patty McGlasson
General Counsel and Senior Vice President, Legal and Corporate Affairs

Good afternoon, everyone, and thank you for joining us. Following a review of the company's business highlights and financial results, we will open the call for questions. I'll now provide the necessary cautions regarding the forward-looking statements made by management during this call. Please note that all the information discussed on today's call is covered under the safe harbor provisions of the Private Securities Litigation Reform Act. The company's discussion may include forward-looking statements reflecting management's current forecast of certain aspects of the company's future and our actual results could differ materially from those stated or implied. These forward-looking statements are qualified by the cautionary statements contained in NetSol's press releases and SEC filings, including our annual report on 10-K and quarterly reports on Form 10-Q. I would also like to point out that we will be discussing certain non-GAAP measures. The press release issued earlier today contains the reconciliation of these non-GAAP financial results to the most comparable GAAP measures. Finally, I would like to remind everyone that this call will be recorded and made available for replay at www.netsaltech.com and via the link available in today's press release. Now, I'd like to turn the call over to Najeeb. Najeeb?

speaker
Najeeb Ghori
Chairman and Chief Executive Officer

Thank you, Patty, and good afternoon, everyone. In the second quarter, we continue to capitalize on the strong momentum built in fiscal 2021, and we remain firmly positioned to achieve our growth goals for fiscal 2022. Within our core business, the pipeline and mix of opportunities remain robust, particularly in our European and North American growth markets, giving us confidence in our ability to drive additional contract signings over the coming months. Within our more venture-based operations, we roll out of the auto digital platform in partnership with Mini Anywhere has been a resounding early success. We ended the December quarter with 12 dealerships subscribed, 11 in California and one in Texas, with additional states like Florida, Pennsylvania to follow soon. We are very encouraged by the initial response and total opportunities. Our employees continue to return to our global offices. We ended the quarter with nearly 50% of our employees back in our Lahore technology campus, which is home to the majority of our workforce and the heart of our technology operations. Additionally, since the start of the fiscal year, we have increased our headcount by nearly 70 employees, mostly stationed in Lahore, to support additional implementation work, and innovation initiatives. As you stated previously, we intend to make this year a return to meaningful growth, and we are confident that the investments we will be making in our leadership, workforce, technology, and expanded sales efforts will lead to outsized returns in the coming quarters. With this overview completed, I will now hand the call over to our CFO, Roger Almond, who will walk us through the financial results of the quarter. Roger?

Disclaimer

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