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NETSUITE TOPS 40K USERS Featured

Users of NetSuite have topped 40,000, Evan Goldberg, the EVP who heads the Oracle NetSuite unit, said during his keynote at this week’s SuiteWorld conference. That's up 2,000 since Golberg posted the users count on LinkedIn in June.

The SuiteWorld conference also spilled over into a large tent in the parking lot near Caesars Forum as the conference hall for keynotes could not accommodate the 7,500 attendees, in addition to the 22,000 who attended the concurrent Oracle Cloud World, at the nearby Venetian Hotel convention center. That came as the company announced that NetSuite revenue was $900 million for the first quarter ended August 31, an increase in 20 percent year-over-year and also up 20 percent in constant currency. Fusion Cloud ERP also had. $900 million in revenue, rising 16 percent over last year’s corresponding period, 17 percent in constant currency. Oracle had net income of $2.93 billion in the most recently ended period, 21-percent higher than $2.42 billion a year ago. Company revenue was $13.31 billion, an 8-percent increase from $14.45 billion.

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