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NetSuite Sales Up 30.5% In 4Q

NetSuite Inc., San Mateo, CA, reported fourth quarter sales of $41.4 million, a 30.5% increase over fourth quarter 2007. The vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, recorded a loss of $4.5 million, as compared to a loss of $3.3 million for the prior year period.
 
Sales for the year were $152.5 million, a year-over-year increase of 40.5%. Net loss was $15.9 million, compared to $23.9 million in 2007.
 
Revenue from the Americas for the year ended 2008 was $123.4 million, while revenue from international regions was $29.1 million. NetSuite added approximately 350 new customers in the fourth quarter and ended the year with over 6,600 active companies.

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