“NetSuite Inc., the software maker majority-owned by Oracle Corp. (ORCL)’s Larry Ellison, surged to a record after customer gains spurred higher-than-expected sales growth and the company raised its full-year forecast.
Shares of San Mateo, California-based NetSuite jumped 15 percent to $65.40 at the close in New York, the highest since the stock began trading in 2007. The stock has increased 61 percent this year.”
Bloomberg details some of Netsuite’s recent success.
Read the article here.