NETSUITE SALES BOOM; LOSS DOUBLES
- Friday, 31 January 2014
- News and Analysis
NetSuite CEO Zach Nelson is a generous guy. While reporting his company's results for the year ended December 31, he thanked those he said were responsible. In this week's earnings webcast, Nelson commented, "I feel I must thank our legacy EPP competitors as well. SAP and Microsoft, thank you for creating all this demand. Keep it up. Our data centers are standing by." That being said, the loss for 2013 was $70.4 million, compared to red ink of $35.2 million for 2012. Yes, yes, we know that's a GAAP loss and the company reported non-GAAP earnings of $19.9 million for the most recently ended year, up 4.2 percent from $19.1 million for the prior year.
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