NetSuite reported Q4 and 2012 results today that broke company records. For the quarter, revenue climbed 33% on a year-over-year basis, to reach an all-time high of $85 billion. Net income on a non-GAAP basis came in at $4.6 million ($0.06 per share), an improvement over the $3.4 million ($0.05) of Q4 2011.
Analysts, on average, had been expecting $83 million in revenue, and an EPS of $0.04 for the most recent quarter.
For the full year, revenue also broke the company's previous record, landing at $309 million, or 31% higher than 2011's figure. Net income was $19 million ($0.26 EPS), against the year-before bottom line of $11 million ($0.15).
NetSuite provided guidance for fiscal 2013 of $397 million-$402 million in revenue, and $0.26-$0.27 in per-share earnings. That slightly eclipsed analyst revenue estimates of $396 million, although it came in below the consensus figure of $0.31 EPS.
The article NetSuite Reports Record Revenue for Q4, 2012 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in NetSuite. The Motley Fool recommends NetSuite. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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