NETSUITE SPENDS INTO GROWTH
- Friday, 04 February 2011
- News and Analysis
For all the optimism expressed, NetSuite lost $6.45 million, compared to $6.54 million in last year’s corresponding quarter. However, since revenue grew to $52.1 million, up 21 percent from just under $43 million, margins improved nicely, which seemed to please the analysts on the company’s conference call yesterday. NetSuite lost $27.5 million for 2010, compared to a loss of $23.3 million in 2009.
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