Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
In the midst of the economic downturn, business management software SaaS vendor, NetSuite, has achieved a revenue increase of 22 percent to US$41.6 million for the first quarter this year over the same period in 2008.
Of the US$41.6 million in revenues, US$33.6
million was from sales in the Americas, with other regions around the
world contributing revenue of US$8.0 million.
In other financial results released today, NetSuite says that, on a
GAAP basis, net loss for the first quarter of 2009 was US$3.7 million,
or US$(0.06) per share, as compared to US$2.0 million, or US$(0.03) per
share, in the first quarter of 2008. Non-GAAP net income for the first
quarter of 2009 was US$1.0 million, or US$0.02 per share, as compared
to a non-GAAP net loss of US$420,000, or US$(0.01) per share, for the
first quarter of 2008.
NetSuite CEO, Zach Nelson says the company delivered results that not
only met its goals, but also indicated that it continued to “take
market share and execute on our strategic initiatives of moving up
market and extending the NetSuite platform.”
“In particular, our growth of non-GAAP profitability from the prior quarter was impressive.”
Nelson said that items presented on a non-GAAP basis excluded expenses
related to stock-based compensation and the amortisation of intangible
assets.
In a rundown on highlights of the company’s first quarter operation
this year, Nelson pointed to a number of activities, including the
appointment of former New York Stock Exchange president Catherine
Kinney to its board of directors; announcement of the SuiteCloud
Ecosystem, a range of on-demand products, development tools and
services; and, the launch of NetSuite’s multi-channel retail
management suite, a new vertical suite for North American retailers
that allows retailers to easily manage multiple locations with a
sophisticated point of sale (“POS”) system.
David Bass
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