Netsuite, Inc. (N) Tops Q1 EPS by 6c

Netsuite, Inc. (NYSE: N) reported Q1 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $164.8 million versus the consensus estimate of $161.53 million.

"NetSuite's fiscal year 2015 started strong with record first quarter results, as we grew recurring revenue year-over-year by more than 30 percent for our eighth consecutive quarter, and beat our outlook on revenue, operating cash flow and non-GAAP earnings per share," said NetSuite CEO Zach Nelson. "What's even more exciting is that we are just at the beginning of a multi-year business system replacement cycle, as companies move from legacy, pre-Internet applications to NetSuite's solution designed to run companies in a modern cloud-centric world."

For earnings history and earnings-related data on Netsuite, Inc. (N) click here.

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