10/25/12

NetSuite posts record Q3 revenue

Revenue at the e-commerce technology provider hit $79.8 million, up 31% from Q3 2011.

Paul Demery , Managing Editor, B2B E-commerce

NetSuite Inc., a provider of Internet-hosted e-commerce and accounting software, posted record third quarter revenue of $79.8 million, the company said today.

“NetSuite again exceeded our stated outlook and delivered record revenue,” CEO Zack Nelson said.

NetSuite reported the following for the quarter ended Sept. 30, 2012:

● Revenue of $79.79 million, up 31% from $60.96 million a year earlier;

● A GAAP net loss of $7.98 million, compared with a year-earlier net loss of $6.93 million. GAAP stands for generally accepted accounting principles, and is the standard used by U.S. companies.

● Non-GAAP net income of $5.74 million, up 48.7% from $3.86 million a year earlier. The non-GAAP figures inQ3 2012 don’t include $12.58 million in stock-based compensation and $1.14 million in other unusual costs.

NetSuite provides the e-commerce platform for four of the retailers in the Internet Retailer Top 500, including Beyond the Rack, No. 174, and 12 in the Second 500(learn more about the Second 500.

Topics:

Beyond the Rack, Internet Retailer Second 500, internet retailer top 500, NetSuite, Second 500, Top 500, Zack Nelson

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