SOURCE: The Bedford Report

The Bedford Report

November 10, 2011 08:16 ET

Cloud Offering From NetSol Technologies and BMC Software Gain Traction as Economy Recovers

The Bedford Report Provides Equity Research on NetSol Technologies & BMC Software

NEW YORK, NY--(Marketwire - Nov 10, 2011) - The steady economic recovery has freed up a great deal of capital expenditure and a substantial portion of this has gone toward IT. Companies in the Application Software sector have recognized this trend and many are currently boosting their offerings in one of the hottest sectors around lately, cloud computing. The Bedford Report examines the outlook for companies in the Application Software Industry and provides research reports on NetSol Technologies, Inc. (NASDAQ: NTWK) and BMC Software, Inc. (NASDAQ: BMC). Access to the full company reports can be found at:

The growing popularity and complexity of cloud operations has created several relatively unanticipated market opportunities within the sector. One opportunity has been in new solutions to manage all of the applications required by cloud operations. BMC Software Inc. has recently rolled out an upgrade for its Middleware Management platform aimed at solving this problem.

BMC reported fiscal second quarter revenue of $556.7 million -- roughly an 11 percent year on year jump.

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Considering the great deal of uncertainty currently looming over the global economy, the operational streamlining offered by cloud computing could play a major part in the way companies look to trim expenses and empower their workforce to accomplish more.

NetSol offers a unique Cloud-Delivered Leasing and Finance Solution, LeasePak Software-as-a-Service. The company declares it the first cloud-delivered leasing and finance accounting and portfolio management solution to be offered by a U.S.-based software provider, LeasePak SaaS provides new options for companies looking for a robust, fully scalable solution for a cost-effective monthly subscription fee.

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