Arik Hesseldahl

Recent Posts by Arik Hesseldahl

NetSuite Shares Rise on Record Q4 Sales

Shares of cloud software company NetSuite are rising sharply after hours as the company reported record earnings and sales for its fiscal fourth quarter. Earnings per share were 6 cents higher than the consensus view of 4 cents on sales of $85 million, up 33 percent over the year-ago quarter. Total revenue for the year was $308 million, up 31 percent. NetSuite shares rose nearly 8 percent to $75.81 in after-hours trading on the news.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald