The net loss of $34.1 million in the most recently ended period, down a half percent from $37.4 million. NetSuite's press release was barebones—no quotes from executives; no CEO Zach Nelson bashing competitors. There were two revenue categories reported. Recurring revenue from subscription and support reached $190 million, an increase of 23 percent from $154.7 million in last year's corresponding period. Non-recurring revenue from professional services and other sources was $53.9 million, up 41 percent from $38.2 million a year earlier.
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NETSUITE REPORTS QUIETLY Featured
NetSuite sort of snuck its financial report for the September quarter into the world. Given its pending acquisition by Oracle there was no conference call and I didn't get any emails. Well, the trends continued with revenue for the third quarter ended September 30 up 26 percent rising to $243.9 million from $192.8 million in last year's corresponding period.
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