Cloud computing specialist NetSuite said its campaign to target rival Sage appears to be having some impact after announcing customer wins.
The supplier has been running various campaigns to poach Sage resellers and customers over the course of this year, arguing that it has a stronger cloud proposition for those users looking for a business management product.
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Revenue for NetSuite's third quarter, which ended 30 September, reached $41.7m and it turned a net loss of $1.7m at this stage last year into a profit of $348,000.
Zach Nelson, CEO of NetSuite, said it had managed to grow its customer base at a higher rate than it had in other recent quarters and again took a swipe at its rivals.
"Our customer wins and new SuiteCloud partnerships indicate customers are running from legacy applications like SAP and Microsoft Great Plains to NetSuite's cloud computing offerings," he said.