NetSuite Beats the Street in Q3

NetSuite, the cloud business software concern, reported third-quarter results that beat the estimates of Wall Street analysts. The company said earnings per share on a non-GAAP basis were 8 cents, beating the consensus view of 6 cents. Sales were $79.8 million versus an expected $78 million, and rose 31 percent over the year-ago quarter. The company earlier this month announced a two-tier version of its suite of business applications, aimed at larger customers.