NETSUITE: REVS, LOSS, PRICE UP
- Friday, 24 October 2014
- News and Analysis
NetSuite continued its march into the Tier 1 financial software space during the third quarter ended September 30. In this week's webcast, CEO Zach Nelson said the cloud company beat all forecasts, saw high growth across all industry groups and set a record for $1-million plus deals. "Most of them are single tier—full-blown replacement of software that was done 20 years ago," he said. He also ascribed the much of growth to global systems integrators.
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