NetSuite Reports Record Revenue for Q4, 2012
NetSuite reported Q4 and 2012 results today that broke company records. For the quarter, revenue climbed 33% on a year-over-year basis, to reach an all-time high of $85 billion. Net income on a non-GAAP basis came in at $4.6 million ($0.06 per share), an improvement over the $3.4 million ($0.05) of Q4 2011.
Analysts, on average, had been expecting $83 million in revenue, and an EPS of $0.04 for the most recent quarter.
For the full year, revenue also broke the company's previous record, landing at $309 million, or 31% higher than 2011's figure. Net income was $19 million ($0.26 EPS), against the year-before bottom line of $11 million ($0.15).
NetSuite provided guidance for fiscal 2013 of $397 million-$402 million in revenue, and $0.26-$0.27 in per-share earnings. That slightly eclipsed analyst revenue estimates of $396 million, although it came in below the consensus figure of $0.31 EPS.
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