Netsuite (N) Tops Q1 EPS by 4c, Sales Beat

Netsuite (NYSE: N) reported Q1 EPS of $0.06, $0.04 better than the analyst estimate of $0.02. Revenue for the quarter came in at $123 million versus the consensus estimate of $120.92 million.

"NetSuite's fiscal year 2014 started strong with record first quarter results, as we grew year-over-year revenue by more than 30 percent for our seventh consecutive quarter, beat our outlook on revenue, operating cash flow and non-GAAP earnings per share, and are raising our revenue outlook for the full year," said NetSuite CEO Zach Nelson. "There is clearly a changing of the guard taking place in the ERP market as evidenced by NetSuite's significant market share growth, and by the shrinking core license business of non-cloud ERP vendors such as SAP."

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

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