The NetSuite formula has been rising losses and surging revenue and that held true for the second quarter ended June 30. Its loss hit $32.3 million for the most recently ended period, compared to $23.2 million a year earlier. At the same time, the cloud company turned in its twelfth straight quarter with revenue growth of more than 30 percent.

Recruiting for sponsors for next week's Sage Summit closed on an up beat. This month, the company added Microsoft as its sole Diamond Sponsor and Deloitte Digital, MasterCard and Salesforce as Platinum sponsors, pushing that group to five members. Overall, that brings the total exhibitors and sponsors to 124, if I did the math correctly, and I had reported there were 114 a year ago. While the total numbers aren't up that much, the number of big players outside of the usual Sage reseller and ISV community look good, much better than last year.

Some followers might note my May 8 tweet that "The most word chewing heard at NetSuite was about CEO Nelson's crack about when COO Jim McGeever starts running the company". I got doubting looks when I suggested Nelson's statement at SuiteWorld wasn't a joke. However, this week McGeever took the President's job that had been held by Nelson. He also took a seat on the cloud company's board of directors.