TechnologyNetSuite results show $0.13 loss per share

NetSuite results show $0.13 loss per share

NetSuite show GAAP basis loss but has record take up in a quarter of its package OneWorld

Online financial software company, NetSuite, has posted a net loss of $8m
(£4.8m) on a GAAP basis.

The decline in the third quarter of 2009 equates to $0.13 per share compared
to a net loss of $6.2m or $0.10 per share for Q3 2008.

On a non-GAAP basis the net income for Q3 2009 was $348,000 or $0.01 per
share compared to a non-GAAP net loss of $1.7m or $0.03 per share for the third
quarter of 2008.

NetSuite did show record take in any quarter up of its software package
NetSuite OneWorld.

“We are very pleased to report record revenue and record cash flow, and to
report our highest number of NetSuite OneWorld customer wins in any quarter,”
said NetSuite CEO Zach Nelson.

He added: “Our customer wins and new SuiteCloud partnerships indicate
customers are running from legacy applications.”

Further reading:

Sage targeting KashFlow, Mamut and NetSuite

Related Articles

HMRC outlines points-based penalty model for MTD

MTD HMRC outlines points-based penalty model for MTD

1d Alia Shoaib, Reporter
GDPR: How legitimate are your legitimate interests?

Regulation GDPR: How legitimate are your legitimate interests?

1w Ian Singer, PKF Littlejohn
Viewpoint: Making Tax Digital is not all doom and gloom

Making Tax Digital Viewpoint: Making Tax Digital is not all doom and gloom

1w Brian Palmer, AAT
Treasury cracks down on Bitcoin amid tax evasion concerns

Regulation Treasury cracks down on Bitcoin amid tax evasion concerns

1w Alia Shoaib, Reporter
AVADO wins award for online ACCA courses

Career AVADO wins award for online ACCA courses

2w Alia Shoaib, Reporter
The role of the accountant as productivity and technology leader

Technology The role of the accountant as productivity and technology leader

2w Receipt Bank | Sponsored
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

2w Pegasus Software | Sponsored
How to get your clients ready for the cloud

Cloud How to get your clients ready for the cloud

3w Sage | Sponsored