Best Quarter Ever for Netsuite

Pete Prestipino
by Pete Prestipino 31 Jul, 2012
Best Quarter Ever for Netsuite

Cloud-based financial/ERP software provider NetSuite announced operating results for the second quarter ended June 30, 2012.

Total revenue for the second quarter of 2012 was $74.7 million, representing a 29% increase over the same period in the prior year. Subscription and support revenue for the second quarter of 2012 was $61.0 million, representing a 27% increase over the same period in the prior year.

"In a quarter that saw many enterprise software companies struggle, NetSuite had one of its best quarters ever. We saw continued improvements across our financial metrics and exceeded our previously stated outlook on revenue, cash flow and non-GAAP EPS significantly. And the continued execution against our core strategies allows us to increase our full-year outlook for revenue and non-GAAP EPS," said NetSuite CEO Zach Nelson.

Pete Prestipino
Pete Prestipino
Digital marketing executive with proven experience in all aspects of search engine optimization (SEO), performance-based advertising, consumer-generated/social media, email marketing, lead generation, Web design, usability, and analytics. - 20-year Internet marketing veteran, currently serving as the Digital Marketing Campaign Manager at Antenna Group (formerly Chicago Digital). - Former Editor-In-Chief of Website Magazine, and a regular speaker on Web technology digital marketing strategy - Author of several books on digital marketing Including Web 360: The Fundamentals of Web Success; Affiliate 360: The Fundamentals of Performance Marketing; Domains 360: The Fundamentals of Buying & Selling Domain Names, and SEO 360: The Fundamentals of Search Engine Optimization.