News

NetSuite Beats Street by a Penny

Published on November 4, 2009
by John Paczkowski

images-1Investors expecting NetSuite to break even on a per-share basis for its third quarter were given a pleasant surprise this afternoon when the company beat estimates by a penny. Though its loss widened to $8 million, or 13 cents a share, from $6.2 million, or 10 cents a share, in the same quarter last year, revenue rose to $41.7 million from $40.4 million.

Excluding special items, NetSuite (N) said earnings for the quarter were one cent a share. Said NetSuite CEO Zach Nelson: “We are very pleased to report record revenue and record cash flow.”

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