News: NetSuite delivers record Q2 revenues

News: NetSuite delivers record Q2 revenues

NetSuite is continuing its global growth with record revenues for the second quarter of 2014. Just as important, they also report that the company exceeded $100m in recurring revenue for the first time.

http://seekingalpha.com/pr/10571285-netsuite-announces-second-quarter-2014-financial-results?app=n

Though the business made a net loss, this is indicative of NetSuite continually reinvesting in their product, as seen with the next user interface revamp in September.

 

NetSuite-Sales-numbers

Sales have been incredible to say the least as the graph highlights, but what are the reasons for this? Service, the software and how it is being continually enhanced and improved. But don’t take my word for it, read a customer’s report here:

http://seekingalpha.com/article/2049733-netsuites-massive-moat-amazing-growth-for-the-next-5minus-7-years

IBT is excited to be part of this revolution in cloud ERP services and the future looks bright.

For more information visit NetSuite

For more information on how IBT helps to integrate the system, please contact Mike Hollobon by email – [email protected] or call him on 02 8205 3917