NetSuite Achieves Peak Quarterly Income in Q4, 2012
NetSuite, the cloud-based software company, has reported a strong finish to the year 2012 with a significant increase in revenue for the fourth quarter. The company's Q4 2012 revenue stood at $85 billion, marking a 33% year-over-year increase compared to Q4 2011 when it was $62 million.
This impressive growth comes as analysts' revenue estimate for fiscal 2013 is set at $396 million. NetSuite's guidance for fiscal 2013 revenue, however, slightly eclipses this figure, ranging between $397 million and $402 million.
In 2011, NetSuite's full-year revenue was $238 million, indicating a substantial growth over the years. For the full year 2012, NetSuite's revenue reached $309 million, representing a 31% increase from 2011.
Net income on a non-GAAP basis for Q4 2012 was $4.6 million ($0.06 per share). In comparison, in Q4 2011, Net income on a non-GAAP basis was $3.4 million ($0.05 per share). However, there was no provided information about the year-over-year change in net income for the full year 2012. Net income for the full year 2012 was $19 million ($0.26 EPS).
The consensus figure for per-share earnings in fiscal 2013 is higher than NetSuite's guidance for fiscal 2013, which stands at $0.26-$0.27. It's important to note that the CEO of NetSuite during the report of the fourth quarter and the year 2012 was Larry Ellison.
As always, it's crucial to consider the source of information. This article was originally published on Fool.com. Fool contributor Eric Volkman has no position in NetSuite.
In conclusion, NetSuite's strong performance in Q4 2012, coupled with its positive outlook for fiscal 2013, suggests a promising future for the company. The company's focus on cloud-based solutions and its commitment to innovation are likely to drive its growth in the coming years.
Read also:
- Planned construction of enclosures within Görlitzer Park faces delays
- Controversy resurfaces following the elimination of diesel filter systems at Neckartor: A renewed conflict over the diesel restriction policy
- Foreign financial aid for German citizens residing abroad persists
- Hulk Hogan's successful transformation of his wrestling persona into a lucrative business entity
