From Bob Scott. Boy it sure is easy generating sales when you are allowed to lose money for 10+ years and keep the 'magic wall street checking account'.
Also, notice the big ramp in professional services. I wouldn't want to base my business being a VAR for a company growing direct staff by 1,200/year in sales and services.
NETSUITE'S BIG PRODUCTS HOT
Zach Nelson, NetSuite NetSuite ended the year on December 31 with most important metrics changed in double digits. That includes its GAAP and non-GAAP losses, revenue, expenses and the average size of the company's SuiteCommerce deals. ""We saw the average selling price actually double,"" CEO Zach Nelson said during this week's earnings webcast. The company also saw a record number of OneWorld deals. The net loss for 2015 was $124.7 million, an increase of 24.7 percent over slightly more than $100 million the prior year. The non-GAAP totals were a loss of $17.7 million, down 30 percent from $25 million in 2014. Revenue for the most recently ended year was $741.2 million, up 33.5 percent from $556.3 million for 2014. Expenses rose by 33 percent with sales and marketing costs of $128.3 million for 2015 rising from the 2014's total of $128.3 million. The company's staff at the end of 2015 was 4,603 with NetSuite having added 1,246 over 12 months, an increase of 37 percent. Most of those were in the sales and professional services areas, according to CFO Ron Gill. He also pointed towards probably improvement in earnings for 2016. ""We do expect to return to expanding margins this year,"" Gill said during this week's earnings webcast.