39 posts and columns on NetSuite
News Byteagreed to acquire OrderMotion, a cloud software firm based in Burlington, Mass., that specializes in order management. Financial terms were not disclosed. NetSuite said it will put OrderMotion’s expertise to work to augment its own order-management capabilities. NetSuite shares rose slightly to $89.90 a share by mid-morning Eastern time.
News Bytemerged two major cloud-based business software platforms, NetSuite and Workday, into a combined, prepackaged product. NetSuite is the cloud-based enterprise resource management company. Workday is the newly public cloud-based provider of human resource and corporate finance software. The combined product synchronizes employee information with information related to the operation of the company. It’s available via the Informatica Marketplace and NetSuites’s SuiteApp.com.
News Bytereported 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.
News Bytethird-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.