netsuite

Business management on-demand software provider NetSuite on Tuesday reported that its fourth-quarter revenue rose 30 percent from a year ago and its net loss shrank.

Excluding stock-related and other expenses, the company would have posted a profit of 1 cent per share for the quarter--its first profitable quarter on that basis, the San Mateo, Calif.-based company said in a statement.

Analysts had estimated that the company would post a loss of 1 cent per share, excluding items, according to Reuters Estimates. Total revenue for the fourth quarter was $41.4 million and the net loss was 7 cents per … Read more

Google Chrome will work with NetSuite's online accounting and customer-relations software, the company said Friday.

Elements of the company's online tools, including editing text and drag-and-drop operations, benefit from Chrome's fast JavaScript, NetSuite said. However, Google's assertions of compatibility with Apple Safari notwithstanding, NetSuite said it will gradually extend support to its customers, finishing by mid-October.

The company boasted it's the first online business application to support Chrome, just as it was the first with native support for the iPhone's version of Safari and the new Firefox 3.0.

But that sort of support … Read more

Two on-demand business software firms reported accelerating adoption of their suites today.

NetSuite reported second-quarter 2008 revenue of $36.6 million, up 43 percent from the same period in 2007. Net loss per GAAP was down to $3.1 million in the quarter, compared with $9.6 million in Q2 2007.

The company also announced new midmarket and enterprise customers for its ERP and CRM suites, which are delivered as Web applications. Surgical robotics company Intuitive Surgical adopted NetSuite CRM; Nestle UK used services from NetSuite to launch an online store; and sports market firm Wasserman Media Group adopted NetSuite … Read more

This weekend I attended a book party in San Francisco for Jonathan Zittrain. His book, The Future of the Internet--And How to Stop It, was recently published and received good reviews. I will be interviewing him at the Berkman Center for Internet & Society 10th anniversary conference on the future of the Internet this week.

At the party, I talked for a few minutes with Oracle Chairman and CEO Larry Ellison. The book party was hosted by Ellison's novelist wife, Melanie, and HuffPo's Arianna Huffington. It turns out that Zittrain and Melanie Ellison met in junior high school.… Read more

NetSuite, the on-demand business software provider, on Thursday reported a boost in revenue and a smaller quarterly loss.

The company posted a first-quarter loss of $2 million, or 3 cents per share, compared with a loss of $9.3 million, or $1.24, in the same quarter last year. Revenue rose to $34.1 million from $23.2 million.

NetSuite said its net loss for the period, excluding one-time charges, was a penny a share. Analysts have been estimating NetSuite would post a loss of 2 cents a share for the quarter, and $33.5 million in revenue.

The company … Read more

Bungee Labs is extending the hosting options for its Web application development environment, Bungee Connect. Today, developers using the Bungee Connect development environment can host their applications on Bungee's multitenant grid in the U.S. and Europe or on Amazon EC2. Beginning in July in public beta, organizations will be able to deploy Bungee Connect applications via the new Bungee Application Server on their own hosting infrastructure.

Bungee Labs, along with Coghead, Amazon EC2, Google App Engine, Joyent, Mosso, salesforce.com, NetSuite, Microsoft and others, is paving the way to platforms-as-a-service--hosted infrastructure for developing and delivering Web applications. … Read more

NetSuite has found a sweet spot for its on-demand business management software. Today, the company introduced OneWorld, which adds real-time management and consolidation capabilities for companies that are multinational or have multiple subsidiaries.

Targeting midsize companies, OneWorld is the biggest architectural change to NetSuite since its inception, according to company CEO Zach Nelson. "Within a single instance, you can effectively run multiple companies in real time. The subsidiaries have complete local control that automatically consolidates into any hierarchy they have in real time," he told me.

"OneWorld enables our customers to run their global businesses in real … Read more

NetSuite on Thursday is expected to fill out its online development platform, part of its strategy to deliver industry-specific applications through partners.

The newly named NetSuite Business Operating System (NS-BOS) adds to the company's existing hosted development platform, notably with an integrated code debugger called SuiteScript D-Bug, which will start to be available next month.

With the NS-BOS, NetSuite is targeting independent software vendors (ISVs) with expertise in specific industries that are looking to create a software-as-a-service offering. In particular, the company is trying to enlist client/server application providers that need to create a hosted offering.

As part … Read more

NetSuite's IPO debut launched like a rocket Thursday morning--soaring skyward, only to plunge back to earth.

Shares of the highly anticipated IPO, which priced at $26 a share Wednesday, shot as high as $30 a share in early morning trading, only to fall below sea level to $23.86 a share. The shares have since stabilized a bit, trading slightly above its IPO price.

NetSuite and its investment bankers, which conducted an IPO auction in setting the price, won't be accused of leaving money on the table in raising as much capital as possible for the company.

NetSuite, … Read more