Total revenue for the quarter was $123.0 million, a 34% increase over the same period a year ago.
Cash flows from operations were $19.1 million, up from $14.7 million in the same period in the prior year.
On a GAAP basis, net loss for the first quarter of 2014 was $22.2 million, or -29 cents per share, as compared to a net loss of $13.0 million, or -18 cents per share, in the first quarter of 2013.
Non-GAAP net income for the first quarter of 2014 was $4.4 million, or 6 cents per share, as compared to non-GAAP net income of $2.8 million, or 4 cents per share, in the first quarter of 2013.
TheStreet Ratings team rates NETSUITE INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETSUITE INC (N) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."