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Accounting Technology, September, 2008
NETSUITE CUTS LOSS
NetSuite cut its loss to $3.1 million for the second quarter ended June 30, down from $9.6 million. Meanwhile, revenue for the San Mateo, Calif.-based online application vendor hit $36.6 million, up 43 percent from $25.5 million a year earlier.
NetSuite added 136 employees during the quarter, sales personnel along with workers added via the purchase of OpenAir. The company now employs 901. CEO Zach Nelson said international sales, representing 20 percent of the total, was its fastest growing segment.
DELTEK HAS STRONG QUARTER
Deltek reported revenue of $77.4 million for the fourth quarter ended June 30, up 13 percent from $68.4 million the prior year. Net income reached $5.4 million, up 21 percent from $4.5 million in last...
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