Seeking Alpha

NetSuite ups revenue guidance

  • NetSuite (N) guides on its CC for 2014 revenue of $540M-$545M, up from a prior $535M-$540M and above a $539.8M consensus.
  • Q1 billings growth was 33% vs. 35% in Q4, and boosted by a 90% Y/Y increase in ASP and a doubling of $200K+ deals. NetSuite, historically focused on the mid-market, has been ramping its efforts to sell its cloud ERP, CRM, and e-commerce offerings to larger enterprises.
  • Shares +2.9% AH.
  • Q1 results, details

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