The well worn phrase 'revenues are vanity but profits are sanity' could well be applied to NetSuite, which sawe its losses increase.
The cloud ERP specialist could boast of a 29% increase year-on-year in revenue to $74.7m for the second fiscal quarter but on a GAAP basis the net loss hit $9.9m, compared to $9.8m a year earlier.
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But there was cause for optimism with subscription and support revenue, the lifeblood of a software firm, enjoying a 27% climb to $61m.
NetSuite CEO Zach Nelson said that it had improved across its financial metrics and was in a fairly decent position.
"In a quarter that saw many enterprise software companies struggle, NetSuite has one of its best quarters ever," he added that it was now able to increase its full-year outlook for revenue and non-GAAP earnings per share.