NetSuite Inc. (NYSE: N), San Mateo, CA, vendor of cloud computing business management software, reported revenue for the first quarter of 2010 was $43.9 million; in the Americas, sales were $35.5 million. Internationally, sales were $8.4 million.
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The software company, which targets the distribution industry, reported a net loss for the first quarter of $7.1 million, compared with a loss of $3.7 million in the first quarter last year.
"Calculated bookings" for the quarter reached $47 million, the highest for the company ever, with growth 27 percent year-over-year, and 2.5 percent sequentially. The company defines calculated bookings as the change in total deferred revenue plus revenue.