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NETSUITE ANNOUNCES FOURTH QUARTER AND FISCAL 2015 FINANCIAL RESULTS
31% Year-over-Year Increase in Q4 Revenue of $206.2 Million
33% Growth over Prior Year in 2015 Revenue of $741.1 Million
34% Growth over Prior Year in 2015 Operating Cash Flow of $100.4 Million
SAN MATEO, Calif. - January 28, 2016-NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced operating results for its fourth quarter and fiscal year ended December 31, 2015.
Total revenue for the fourth quarter of 2015 was $206.2 million, representing a 31% increase over the prior year. Total revenue for the year was $741.1 million, a year-over-year increase of 33%.
Cash flow from operations was $100.4 million for the year, an increase of $25.5 million, or 34%, over the prior year.
On a GAAP basis, net loss for the fourth quarter of 2015 was $32.4 million, or $(0.41) per share, as compared to a net loss of $25.3 million, or $(0.33) per share, in the fourth quarter of 2014. GAAP net loss for the year ended December 31, 2015 was $124.7 million, or $(1.59) per share, as compared to a GAAP net loss of $100.0 million, or $(1.31) per share, in 2014.
Non-GAAP net income for the fourth quarter of 2015 was $4.3 million, or $0.05 per share, as compared to non-GAAP net income of $7.5 million, or $0.10 per share, in the fourth quarter of 2014. Non-GAAP net income for the year ended December 31, 2015 was $17.7 million, or $0.22 per share, as compared to non-GAAP net income of $25.0 million, or $0.32 per share, in 2014.
"NetSuite delivered record revenue and powerful record customer growth as thousands of next-generation leaders like Snapchat, mid-size organizations like Lucky Brand, and global enterprises such as American Express Global Business Travel reimagine their business in the cloud on NetSuite,” said Zach Nelson, CEO of NetSuite. “In 2016, the wind is at NetSuite’s back as the world transitions from a time just a couple years back, when few believed that businesses would run mission critical core business applications in the cloud, to today when companies in many industries can’t get there fast enough."
Conference Call Details
A live audio webcast and replay of the call, together with detailed financial information, will be available on the Investor Relations section of NetSuite's website at www.netsuite.com/investors. The live call can be accessed by dialing 855-416-1337 (U.S.) or 779-232-4661 (outside the U.S.) and referencing passcode: 9767201. An audio replay will be available for two weeks after the call by dialing 855-859-2056 (U.S.) or 404-537-3406 (outside the U.S.) and referencing passcode: 9767201.
The following information was filed by Netsuite Inc (N) on Thursday, January 28, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.