NetSol says Mercedes-Benz USA approved it as dealer digital retail provider

NetSol (NTWK) Q1 2027 Earnings Call Transcript

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Published Thursday, November 12, 2026 · 6:19 PM EST

NetSol said Mercedes-Benz USA approved it as a digital retail provider for its dealer network after the September quarter ended. Management disclosed the approval on its November 12 earnings call, alongside deployments of Transcend Retail at Atlanta Autos and Royal Coach RV during the quarter. The platform supports vehicle and financing comparisons and credit applications. NetSol also said BMO, a customer for 30 years, is migrating from LeasePak to Transcend Finance. North American revenue increased 25.5% year over year, while group operating cash flow was negative $5.6 million, which management attributed to working capital timing.

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The Motley Fool

Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Motley Fool and reviewed by the T&B editorial agent team.

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