NETSOL Technologies Inc.

Good morning. Welcome to Netshole Technologies Fiscal Second Quarter 2025 Earnings Conference Call. On the call today are Najeeb Ghori, Co-Founder, Chief Executive Officer and Chairman, Roger Almond, Chief Financial Officer, and Eric Wagner, Chief Marketing Officer. I would now like to turn the call over to Patty McLarson, General Counsel, who will provide the necessary cautions regarding the forward-looking statements made by the management during this call. Please proceed.

Good morning, everyone, and thank you for joining us. Following your 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 NEDSAL's press releases and SEC filings, including our annual report on Form 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 a reconciliation of these non-GAAP financial results that are most comparable GAAP measures. Finally, I would like to remind everyone that this call will be recorded and made available for replay at www.nedsaltech.com and via link available in today's press release. Now, I'd like to turn the call over to Najeeb. Najeeb?

Thank you, Perry, and good morning, everyone. Today, I'm happy to be dialing in from Lahore, Pakistan, Nesol office. This quarter, we made significant progress primarily on two fronts. One, we drove considerable growth in our recurring revenues, and two, we invested strategically in our business, particularly in AI, to position us as we drive long-term sustained value for our customers and our shareholders. We achieved total net revenue growth in the second fiscal quarter of 2025, driven primarily by a double-digit percentage increase in recurring revenues and a 26% increase in services revenues when compared to the second quarter of fiscal year 2024. The growth in recurring revenue is in line with a long-term strategy and it demonstrates the continued evolution of our business model that over time should drive enhanced predictability and profitability for our business. To drive this shift, we are investing in multiple opportunities across our diverse markets that we believe are in line with a long-term strategy. Accordingly, we recognize increased sales and marketing expenses in the quarter. While these investments have had a short-term impact on our profitability, they better position us to capitalize on the many growth opportunities in front of us. Specifically, AI or artificial intelligence continues to be an important initiative and a key strategic focus for our future growth. We have made encouraging progress advancing our AI initiatives in both the second quarter and year-to-end period, which our Chief Marketing Officer, Eric, will elaborate on after my prepared remarks. Lastly, our existing markets are strong. We are receiving considerable interest from leading automakers, equipment providers, and financial institutions throughout the APAC region, where we have a leading market share, and Europe, where Nestle is both a well-known and respected name. During the quarter, we announced a multi-million dollar agreement with BMW Group in the US with the leading automotive finance provider in China, expanding on a long-standing relationship between Nestle and this customer that dates back to 2009. After the close of the quarter, we also announced a go-live of an existing agreement with Kubota, a leading Japanese equipment financing company and a long-standing customer for our Transcend finance platform to support their operations in Australia. In addition, to their operations in New Zealand and other parts. Agreements like these demonstrate the depth of NetSource customer relationships and are a validation of the superior products and service that we provide in a highly competitive market. Demand of our Transcend platform is strong in the US as well. As I have mentioned on previous calls, Transcend retail Our fully digital omnichannel platform that seamlessly integrates into our customers' processes to manage the entire purchasing journey is being used by Mini Anywhere USA, an independent brand of BMW Group, to facilitate a quick and efficient purchasing journey for customers. In addition to Mini Anywhere USA, I'm excited to share with you that we are also in the process of integrating transcend retail with new customers, BMW USA, and expanding into more dealerships beyond the mini USA network. Taking a long-term view of our business, I am pleased with the progress we have made in this quarter, and I'm encouraged by what's to come in the later half of fiscal 2025. We are confident that the investment we are making in this business, coupled with our shifting revenue, The only mix to include more recurring subscription and support revenues will translate into enhanced profitability and sustained value creation for our shareholders. Before we go over our financial results for the quarter, I'd like to turn the call over to Eric Wagner, our Chief Marketing Officer, to take a deeper dive into our AI initiative. Eric, go ahead, please.