NetSol Technologies Reports Strong Fiscal Fourth Quarter and Full-Year Results

Full Year Revenue Advances 28% to Record $50.8 Million
On Fourth Quarter Revenue of $15.1 Million

Full Year Earnings Advance to $0.95 per Diluted Share
With Fourth Quarter Earnings of $0.35 per Diluted Share

Company to Discuss Outlook on Conference Call Scheduled Today at 11 a.m. ET (8 a.m. PT)

  NetSol Technologies, Inc. (NTWK), a worldwide provider of global IT and enterprise application solutions, today reported strong financial results for its fiscal 2013 fourth quarter and full fiscal year ended June 30, 2013.

Mentor Graphics Reports Fiscal Second Quarter Results, Announces Dividend and Increases Share Repurchase Authorization

Mentor Graphics Corporation (MENT) today announced financial results for the company’s fiscal second quarter ended July 31, 2013. The company reported revenues of $253.2 million, non-GAAP earnings per share of $0.26, and GAAP earnings per share of $0.19.

“Revenue, bookings and operating income were all-time records for a second quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “New capabilities for 20, 14 and 10 nanometer technologies, and the performance enhancements these advanced nodes enable, were the principal forces driving strength in the Calibre products and Veloce emulation. Record first- half bookings, book to bill and backlog reinforce our confidence for fiscal 2014 and beyond.”

Microsoft CEO Steve Ballmer to retire within 12 months

Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.

"There is never a perfect time for this type of transition, but now is the right time," Ballmer said. "We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction."

eFuture to Engage Rainbow Department Store on myStore Platform

eFuture Information Technology Inc. (EFUT) (the "Company" or "eFuture"), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced that it has signed an agreement with Rainbow Department Store Company Limited (002419, "Rainbow Department Store") to launch myStore, a one-on-one engagement platform designed to facilitate easy access between sales clerks and their customers. The platform also provides a social shopping network for consumers and their friends to connect to the consumer society at large.

Established in 1984 and listed on the Shenzhen Stock Exchange in 2010, Rainbow Department Store, with its two brands "Rainbow" and "Dreams-on", has been recognized as one of the Top 100 Chain Retailers of China for 12 consecutive years. By April 2013, Rainbow owns 55 stores in major provinces across China and manages two franchised department stores. Dreams-on owns two regular stores.