NetSuite +2.3% AH; deferred revenue growth remains solid

NetSuite (N) ended Q1 with a deferred revenue balance of $237.5M, +6% Q/Q and +38% Y/Y. The latter figure exceeded total revenue growth of 34%.

Subscription/support revenue rose 34% Y/Y to $99.4M, and professional services/other revenue 33% to $23.6M. Total growth was down modestly from Q4's 35%.

Like Salesforce, Workday, and many other peers, NetSuite continues to spend aggressively: Sales/marketing spend rose 36% Y/Y to $63.7M, and R&D 45% to $24.2M.

Q1 results, PR

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Comments (1)
  • rkw29
    , contributor
    Comments (742) | Send Message
    Revenue growth remains solid. Losses growth also remains solid.
    Sorry, the whole "You gotta lose money to make money" mantra is not going to fly anymore. Those days are over.
    28 Apr 2014, 04:39 PM Reply Like
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