Cloud ERP software firm NetSuite (N) is up 3.2% after reporting Q3 revenue of $61M (+23% Y/Y)...

|About: NetSuite Inc. (N)|By:, SA News Editor

Cloud ERP software firm NetSuite (N) is up 3.2% after reporting Q3 revenue of $61M (+23% Y/Y) and EPS of $0.05, beating consensus by $0.9M and $0.01. Deferred revenue rose 3% Q/Q and 29% Y/Y, to $97M. Matt Rosoff takes note of NetSuite's soaring ASPs, as the company increasingly competes with SAP, which has been slow to embrace cloud software, for larger accounts.