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NetSuite Shares Rise on Record Q4 Sales

Published on January 31, 2013
by Arik Hesseldahl

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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URL: http://allthingsd.com/20130131/netsuite-shares-rise-on-record-q4-sales/