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NETSUITE REVS RISE 27 PERCENT Featured

The series of 20-percent-plus growth quarters for Oracle NetSuite revenue continued in the first quarter ended June 30. Oracle this week reported that NetSuite revenue was up 27 percent, representing a 30-percent gain in constant currency.

Those percentages were exactly the same as in the preceding fourth quarter of 2022. Similarly, its Fusion ERP stayed hot with revenue increasing by 33 percent for the most recently ended period, rising 38 percent in constant currency. Oracle does not report the amount of revenue generated by the individual product lines. It was clear Oracle was highlighting what it wants to show as its success in the cloud. During the week’s earnings transcript, CEO Safra Catz noted Our second-generation cloud launched after our competitors' first-generation cloud, and so we've been able to architect it more performantly, more securely, and more sustainably.”  Those comments came as Oracle ramps up for its first CloudWorld conference next month Las Vegas. Overall, Oracle reported cloud application revenue was $2.7 billion, 43-percent higher than in last year’s corresponding period and up 48 percent in constant current. Cloud infrastructure revenue rose 52 percent, 58 percent in constant currency, to $900 million.

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