NetSuite beats analysts estimates for the fourth quarter of 2015
With total revenues for the fourth quarter at US$206.2 million, up 7% sequentially and up 31% over Q4 of 2014, the business appears in rude health. For the full year, total revenue was $741.1 million, an increase of $184.9 million or 33% over that for 2014. Recurring revenues from subscription and supporting Q4 grew 30% over the year-ago quarter to $164.5 million and accounted for 80% of our total revenue.
You can read NetSuite’s President and CEO Zach Nelson’s earnings call transcript here.