After Strong Earnings, NetSuite Takes A Shot At SAP (And SAP Fires Back)
Enterprise software company NetSuite took some shots at SAP as it reported a strong quarter on Thurs. with third quarter revenue of $106.9 million and non-GAAP earnings per share of $.09, a cent up from Wall Street’s expectation of $.08 per share.
The company, which offers cloud-based infrastructure as an alternative to larger, older players like Oracle ORCL +0.27% and SAP, earned non-GAAP net income of $6.9 million, a 20% increase year-to-year. Revenue was up 31% compared to Q3 of 2012. On a GAAP basis, the company lost money, $16.8 million, about twice as much as the year before.
SAP News
Hannover Messe: What Can AI Do for Manufacturing?
At this year's trade fair, SAP demonstrated how it is using AI to advance manufacturing processes.UN Plastics Treaty: Good for Business and the Planet
Hundreds of countries and observer organizations are working together on a unique opportunity to end plastic pollution.Esports Powerhouse Team Liquid Wins Big with SAP Business AI
League and Legends and generative AI are where fun and business meet.Groups
© 2024 Created by Maisam Agha.
Powered by
