October 25, 2012, 5:37 PM

NetSuite posts record Q3 revenue

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

Lead Photo

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.

comments powered by Disqus




From The IR Blog


Adrien Henni / E-Commerce

Italian luxury brand Furla launches online sales in Russia

Furla follows such European brands as H&M and L’Oreal into Russian e-commerce.


Meiry Vaknin / Mobile Commerce

E-retailers can engage mobile holiday shoppers with native ads

Native advertising is becoming more popular because of its strong performance, and easier to implement ...