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NETSUITE GROWTH ACCELERATED Featured

Jim McGeever, Oracle NetSuiteNow known as Oracle NetSuite, the cloud software organization had been a fast-growing business when it was independent. But according to EVP Jim McGeever since it was acquired by Oracle in November 2016, its growth is now even faster.

"We are now growing twice as fast with Oracle as we were when we were independent," he said during this week's SuiteConnect conference in New York City. McGeever provided no more detail about the statement. But if we compare the last financial results given by NetSuite as a public company, the rate would have to be steep. NetSuite last reported its results for the nine months ended September 30, 2016. Revenue was $243.9 million, which was 26.5 percent higher than $192.8 million the prior year. So whether or not this would be the rate for comparison, it must be substantially higher. From the recruitment of higher-end channel members and the emphasis on international sales, it would be logical to assume that much of the growth is coming from continuing to go upmarket and expanding outside this country by utilizing Oracle's infrastructure.

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