“All companies, even non-technology companies, have realized they are cloud companies,\u201d says Zach Nelson, CEO of NetSuite. <\/p>\n
\u201cTo effectively transition their business to this new model of reaching customers, they need to build their enterprise around an application suite like NetSuite that was designed to support operations in the Cloud Age,\u201d he adds.<\/p>\n
NetSuite is not one of the larger cloud players, but did just report record quarterly revenues of US$69.3 million, up 30 percent from a year ago. It shows a positive cash flow and squeezed out profits of $4.1 million in its most recent quarter.<\/p>\n
The company had a strong presence in the Philippines, where I was just based for three years, as it tackles a lot of unfun challenges in the financials, ERP, and related spaces. Nelson says the company most recent results are driven by continuing momentum \u201cas companies large and small…(continue a) migration from legacy offerings like Microsoft Dynamics GP\/Great Plains, Sage and SAP to NetSuite.\u201d<\/p>\n
I like it.<\/p>\n
read more<\/p>\n","protected":false},"excerpt":{"rendered":"
“All companies, even non-technology companies, have realized they are cloud companies,\u201d says Zach Nelson, CEO of NetSuite. <\/p>\n
\u201cTo effectively transition their business to this new model of reaching customers, they need to build their enterprise arou…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1225","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/1225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=1225"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/1225\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=1225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=1225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=1225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}