NetSuite's Nelson airs his laundry, delivers SAP smackdown

Posted by Stuart Lauchlan in Technology on Wed, 18/08/2010 - 01:01
  • On-demand CRM and ERP software firm NetSuite saw second-quarter results top expectations even though losses grew.
  • "We have a laundry list of best, biggests and fastests," says CEO Zach Nelson.
  • Nelson also cites success in NetSuite's strategy of moving "upmarket" in pursuit of larger scale deals, pointing to CA Technologies as an example.
While the economic recovery might still be somewhat fragile, NetSuite CEO Zach Nelson reckons he has a "laundry list" of reasons to be upbeat.
 
The firm last week saw second-quarter results top expectations even though losses grew to $7.2 million from $5 million. But stripping out one-time items, the company made a profit of $1.9 million, while revenues climbed 17% to $47.1 million, beating the average forecast of $45.3 million.
 
"We have a laundry list of best, biggests and fastests," said Nelson.

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