NetSuite, a provider of cloud computing business management software suites, has reported total revenue of $43.9m for the first quarter of 2010, compared to $41.6m for the same period last year. Revenue from Americas was $35.5m, while revenue from international region was $8.4m.
The company reported a gross profit of $28.66m, compared to $28.53m in the same period a year ago. Operating loss was $6.6m, compared to $4m for the first quarter of 2009.
For the quarter ended March 31, 2010, the company posted a net loss of $7.1m, or $(0.11) per share, compared to a net loss of $3.7m, or $(0.06) per share in the first quarter of 2009.
Zach Nelson, CEO at NetSuite, said: “Even in the face of traditional seasonal Q1 headwinds, NetSuite reported its strongest first quarter results as a public company. Revenue, non-GAAP operating income, operating cash flow and calculated bookings all reached record levels.
“These results show NetSuite’s strong momentum in delivering solutions that meet customer requirements to run complex, mission-critical business processes in the cloud.”
