NETSUITE SALES UP; ALSO EXPENSES
- Thursday, 05 August 2010
- News and Analysis
The best way to look at NetSuite's results for the second quarter ended June 30, is that it took the nearly $7 million increase in revenue over last year's corresponding period and pumped it into growing the company. That meant an extra $2.2 million went into product development, up 18.4 percent over a year ago, while an additional $3.6 million went into sales and marketing, up 19.8 percent and another $1 million into G&A, or plus 16 percent.
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