NetSuite Announces first quarter 2013 results

Key Financial Measures for q1 fY13

• Record Q1 Revenue of $91.6 Million, a 32% Year-over-Year Increase
  
• Operating Cash Flows of $14.7 Million, a 39% Increase Year-over-Year
  
• Strong and growing cash position, holding $191M in cash and cash equivalents
  
• Growing customer acquisition momentum: NetSuite added 325 customers
  

NetSuite continues to grow in size and customer base.  More companies than ever are recognizing the value that NetSuite's Enterprise Resource Planning Cloud Applications adds to their business process.  When NetSuite can increase the order-to-cash process by 50%, many companies recognize that NetSuite can improve their process.  Please contact us today to discuss just how SaaS Consulting Group can make NetSuite work for you.

Q1 Recognition

• Barron's Tiernan Ray: "NetSuite Rising: Q1 Revenue, EPS Beat"
  
• All Things D's Arik Hasseldahl: "NetSuite Beats Expectations and Raises 2013 Sales Outlook" - "Compared to traditional enterprise IT companies like IBM and EMC that have reported in the last few days, their fortunes couldn't be more different - in a good way."
  
• ZDNet's Rachel King: "NetSuite delivers 'finest' Q1 in company history" - "NetSuite delivers 'finest' Q1 in company history with $91.6M in revenue."
  
• CRN's Rick Whiting : "NetSuite Reports 50-Percent Channel Sales Growth in Q1"
  
• "NetSuite Named to CRN's 2013 5-Star Partner Program Guide - Again"
  

Resources

• The NetSuite Q1 FY13 performance summary presentation can be found on the Partner Resource Center.
  
• Location: Partner Resource Center > Sales & Marketing > Presentations > General NetSuite (top of page)