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NETSUITE TO BOOST INTERNATIONAL Featured

Ron Gill, NetSuite NetSuite has international growth on its plate for 2015. "We have significant expansion plans overseas this year, " CFO Ron Gill said during this week's 2014 earning webcast for the year ended December 31. He did not give much detail but noted NetSuite would add two data centers in Europe for backup and to serve the market there. NetSuite plans to open another center in this country.

It also intends to add employees across the organization. The financial pattern continued with revenue growth and growth in non-GAAP earnings, but a rise in GAAP losses. For 2014, the company lost just over $100 million, up from $70 million in red ink for 2014. Of course, the GAAP losses are principally a non-cash affair. On the non-GAAP side, net income for the most recently ended year was $7.5 million, 21-percent higher than $6.2 million in 2014. Annual revenue broke the half-billion barrier for the first time in 2014, coming in at $556.3 million, an increase of 34 percent from $414.5 million. Other trends held: average selling prices were up 30 percent year-over-year. One thing that did change was the 8.5-percent rise in the U.S. dollar against foreign currencies. Gill says the company will maintain its stated outlook for 2005. But "if the pound and Australian dollar fall, we would have to adjust," he said. Of course, CEO Zach Nelson's penchant for competition bashing stayed firm, although he was fairly gentle in going after Sage, Epicor, Infor and Microsoft. He was less than two minutes in when he mentioned that SAP "had its seventh straight quarter of license declines" And for the mid-market, "I think the jury is way out not only on their [SAP's] ability to deliver in that market but what they are going to deliver in that market," Nelson said.

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