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NetSuite's Loss Beats Estimates

Stock quotes in this article: N , CRM , SAP , OMTR  

SAN FRANCISCO - On-demand software developer NetSuite(N Quote) narrowed its first-quarter loss Thursday and boosted full-year revenue guidance.

The San Mateo, Calif. software company posted revenue of $34.1 million, up 47% from $23.2 million for the same period of last year. Analysts were expecting a top line of $33.7 million, according to Thomson Financial.

The company cut its loss to $2 million, or 3 cents a share, from a loss of $9.3 million, or $1.24 a share, in the same quarter of the prior year.

Excluding special items, NetSuite lost a penny a share. Analysts were expecting a loss of 2 cents a share. ...

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