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The Daily Cloud: NetSuite's financial results say SaaS is still a blast

SearchCloudComputing.com Staff
All the cloud news that's fit to spin!

NetSuite reports shocking highs in revenue. What recession?
NetSuite, the business management Software

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as a Service (SaaS) maker perpetually trapped under the stifling market dominance of Salesforce.com, nevertheless proved that there's plenty of room for haulin' cash out of enterprises. The firm reported $43 million in gross revenue in the last quarter of 2009, with $166 million in revenue for the year.

This means that the company grew 9% last year, during the worst US recession in memory and despite posting a net loss of $6.5 million in Q4. NetSuite has now tripled its revenue since 2006.

That's an astounding tale and should give the warm and fuzzies to anyone with the words "cloud computing" in their job titles. It might not mean much for NetSuite's stock price, which has been halved since a glitzy 2007 IPO, but the company's paychecks won't be bouncing any time soon, either.

Microsoft giving Azure time to researchers
Yes, Azure is still in the headlines, this time due to a generous donation from Microsoft.

The tech giant is giving away an unspecified amount of Azure storage and support, as well as CPU time, to researchers chosen by the National Science Foundation. These researchers will have three years on Microsoft's platform to develop projects and applications focused on cloud computing.

Say what you will about Microsoft, but they're experts at gathering up publicity for new services.


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