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

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.
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