After Strong Earnings, NetSuite Takes A Shot At SAP (And SAP Fires Back)
Enterprise software company NetSuite took some shots at SAP as it reported a strong quarter on Thurs. with third quarter revenue of $106.9 million and non-GAAP earnings per share of $.09, a cent up from Wall Street’s expectation of $.08 per share.
The company, which offers cloud-based infrastructure as an alternative to larger, older players like Oracle ORCL +0.27% and SAP, earned non-GAAP net income of $6.9 million, a 20% increase year-to-year. Revenue was up 31% compared to Q3 of 2012. On a GAAP basis, the company lost money, $16.8 million, about twice as much as the year before.
SAP News
Serax Reduces Manual Work with SAP Business AI
The Belgian design brand uses SAP Business AI to automatically extract data from PDFs to create sales orders, reducing manual order entry by 33%.SAP Extends Contracts with CEO Christian Klein and CFO Dominik Asam
WALLDORF — Klein and Asam have played an instrumental role in SAP’s ongoing success.VFS Global Leverages SAP Software to Power Digital Cross-Border Mobility
WALLDORF and DUBAI — With SAP solutions at its core, VFS will be an even stronger partner for governments, travelers and citizens worldwide.Groups
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