NetSuite likes to report its earnings on a non-GAAP basis, but even there, its net income for the second quarter ended June 30 dropped by 15.8 percent to $1.6 million, down from $1.9 million a year earlier. The GAAP loss grew to $9.8 million, up 35.2 percent from $7.2 million. Meanwhile, revenue for the most recently reported period rose to $57.8 million, an increase of 22.8 percent from $47.1 million in last year’s corresponding period.

Accounting firm Armanino McKenna has been named as the "Top Partner" of budgeting software vendor Adaptive Planning. This occurred at a vendor event in June so nobody has rushed to get this information to market.

Sage has killed three services of SageSpark, its online application suite and portal for small businesses. According to the SageSpark website, the company has discontinued Payment Plus, Payment Boss and Known Locally, the latter a website hosting service, effective July 31. Billing Boss, with 2.8 million customers in the United States and Canada, remains on the market.