Netsuite, the online business software group, grew by 62% as revenues climbed to $108.5m (£55.2m) for the year ended 31 December 2007.
The results, the first released by the online vendor since its New York listing last year, also showed 13% growth in the fourth quarter to hit $31.7m.
'We head into 2008 with tremendous market, customer and product momentum, not just in the U.S. but around the world,' said Netsuite chief executive Zach Nelson.
The group is predicting similar growth rates in 2008. First quarter revenues are forecast to be around $33m and the group hopes to end 2008 with annual revenues in the $153m to $156m range.
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