NetSuite (formerly known as NetLedger) is a provider of cloud-based financials, enterprise resource planning (ERP), HR, and omnichannel commerce software. It enables companies of all sizes to manage key business operations in a single, integrated system, which includes customer relationship management, order management and fulfillment, inventory management, finance, e-commerce and website management, as well as employee productivity.

TypeSubsidiary
Parent CompanyOracle
HQAustin, TX, US
Founded1998
Websitenetsuite.com
Cybersecurity ratingCMore
NetSuite was founded in 1998 and is headquartered in Austin, TX, US

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Key People/Management at NetSuite

Evan Goldberg

Evan Goldberg

Executive Vice President, Oracle NetSuite Global Business Unit
Jason Maynard

Jason Maynard

Senior Vice President of Global Field Operations, Oracle NetSuite Global Business Unit
David Rodman

David Rodman

Senior Vice President of Customer Success, Oracle NetSuite Global Business Unit
Sam Levy

Sam Levy

Senior Vice President of Sales, Oracle NetSuite Global Business Unit
Gary Wiessinger

Gary Wiessinger

Senior Vice President of Product Management, Oracle NetSuite Global Business Unit
Nicky Tozer

Nicky Tozer

Vice President of EMEA, Oracle NetSuite Global Business Unit
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NetSuite Office Locations

NetSuite has offices in Austin, Atlanta, Burlington, Chicago and in 31 other locations
Austin, TX, US (HQ)
2300 Cloud Way
Atlanta, GA, US
1 Glenlake Pkwy NE
Burlington, MA, US
Oracle Building 10, 10 Van de Graaff Drive
Chicago, IL, US
111 W Jackson Blvd #1000
Denver, CO, US
7700 Technology Way Building 3
Minneapolis, MN, US
900 2nd Ave S
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NetSuite Financials and Metrics

Summary Metrics

Founding Date

1998

Total Funding

$100 m

Investors

In total, NetSuite had raised $100 m. NetSuite is a subsidiary of Oracle

NetSuite Revenue

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View revenue for all periods
NetSuite's revenue was reported to be $741.15 m in FY, 2015 which is a 33.2% increase from the previous period.
Annual
USDFY, 2014FY, 2015

Revenue

556.3m741.1m

Revenue growth, %

34%33%

Cost of goods sold

176.8m245.4m

Gross profit

379.5m495.7m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

164.8m177.3m192.8m216.6m230.8m243.9m

Cost of goods sold

52.4m59.1m66.1m71.9m84.1m88.5m

Gross profit

112.5m118.1m126.7m144.7m146.7m155.4m

Gross profit Margin, %

68%67%66%67%64%64%
Annual
USDFY, 2014FY, 2015

Cash

367.8m290.0m

Accounts Receivable

139.2m176.7m

Current Assets

673.0m655.1m

PP&E

58.5m89.6m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

386.8m298.6m281.6m309.2m317.5m379.2m

Accounts Receivable

122.4m138.1m156.8m162.8m177.1m168.3m

Current Assets

671.5m611.7m620.6m670.5m701.1m736.3m

PP&E

66.0m74.7m82.9m95.3m95.6m99.8m
Annual
USDFY, 2014FY, 2015

Net Income

(100.0m)(124.7m)

Depreciation and Amortization

20.1m30.4m

Accounts Payable

(2.3m)(1.8m)

Cash From Operating Activities

74.9m100.4m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(22.7m)(55.0m)(92.3m)(29.7m)(67.5m)(101.6m)

Depreciation and Amortization

6.5m13.4m21.6m8.9m19.2m30.1m

Accounts Payable

(865.0k)318.0k8.1m5.0k5.5m2.8m

Cash From Operating Activities

28.0m51.9m79.4m31.3m68.0m130.0m
USDFY, 2014

Debt/Equity

1.1 x

Debt/Assets

0.3 x

Financial Leverage

3.9 x
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NetSuite Operating Metrics

FY, 2014FY, 2015Apr, 2018Jul, 2019Jan, 2020Jun, 2020

Backlog

$352.2 m$413.5 m

Countries

100200

Enterprise Customers

40 k18 k19 k20 k

Product Lines

12
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NetSuite Acquisitions / Subsidiaries

Company NameDateDeal Size
iAutomationMay 05, 2016
IQity SolutionsMarch 04, 2016
Bronto Software IncApril 23, 2015$200 m
VendaJuly 17, 2014
TribeHROctober 22, 2013
OrderMotion IncMay 08, 2013
Retail Anywhere IncJanuary 10, 2013
NetSuite OpenAirJune 02, 2008$26 m
Medicalmine
Monexa Solutions Inc.
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NetSuite Revenue Breakdown

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NetSuite revenue breakdown by business segment: 20.0% from Professional services and other and 80.0% from Subscription and support

NetSuite revenue breakdown by geographic segment: 25.4% from International and 74.6% from United States

NetSuite Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

NetSuite Online and Social Media Presence

Embed Graph

NetSuite Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A

    76/100

  • Compensation

    C

    66/100

  • Diversity

    C-

    63/100

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NetSuite News and Updates

3G Launches Pacejet Transportation Planning for NetSuite

Pacejet Transportation Planning now available for shippers with NetSuite ERP Pacejet Transportation Planning now available for shippers with NetSuite ERP

Kodella Implements NetSuite for Peak Design to Grow Customer Base

Leading photography carry gear company implements NetSuite to unify disjointed systems and streamline operations.

FloQast Announces Diamond Sponsorship of NetSuite Now On Air

LOS ANGELES, Oct. 20, 2020 (GLOBE NEWSWIRE) -- FloQast today announced it is the Diamond Sponsor of NetSuite Now On Air, a free four-week virtual event series running from October 6 – 30. The inaugural event features more than 70 hours of on-demand content, providing attendees with practical advic…

FloQast Announces Diamond Sponsorship of NetSuite Now On Air

LOS ANGELES, Oct. 20, 2020 (GLOBE NEWSWIRE) -- FloQast today announced it is the Diamond Sponsor of NetSuite Now On Air, a free four-week virtual event series running from October 6 – 30. The inaugural event features more than 70 hours of on-demand content, providing attendees with practical advic…

Game-Changing NetSuite Integration Application Debuts

GRAND RAPIDS, Mich., Sept. 15, 2020 /PRNewswire/ -- ManoByte, a Grand Rapids, Michigan-based, full-service, marketing technology solutions consultancy, recently developed and launched a custom integration application, providing NetSuite and HubSpot customers the ability to sync their CRM...
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NetSuite Blogs

Apparel Brand Marine Layer Takes Demand Planning to the Next Level With NetSuite Planning and ...

Marine Layer was born when founder and CEO Michael Natenshon's girlfriend threw away his favorite T-shirt. The plan was simple: Create a shirt so wonderful that he would never want to take it off. From its founding in 2009, Marine Layer grew into a nationwide network of more than 40 stores selling …

Managing Accounts Receivable for Greater Liquidity

Maintaining sufficient liquidity to cover operating costs, pay down debt and invest in growth is a sure sign of a well-run business. For companies that struggle with this, there are a number of ways to increase liquidity, such as long-term financing or raising venture capital. But these options aren…

Midwest Restaurant Group Selects NetSuite Over Intacct, Gets ERP Live in One Month

In March 2020, MD Restaurant Group was getting ready to close on a major loan, opening a 10th Culver’s restaurant and actively looking to replace its QuickBooks accounting software with an ERP system. That could have been enough to get anyone in the weeds. Then, the pandemic and resultant shutdowns…

Forecastic Man: The Origin Story

Not all heroes wear capes, but some do. NetSuite’s Superheroes of Finance celebrates both the cape-less and the caped crusaders who battle not only the forces of evil but also the everyday challenges that growing businesses face. This series is an homage to the near-heroic work that members of the …

Create Better Budgets and Forecasts with Integrated NetSuite Financial and Operational Data

Successfully modelling, forecasting and reporting on business performance can be incredibly difficult, especially when factoring in changes in consumer demand, delays in supply chains and the evolution of subscription-based businesses. And without an accurate and reliable flow of data between your t…

Employee Engagement Starts with a Smooth Onboarding Experience

Onboarding is a critical process designed to engage a new employee and set them up for success in a new role.  During the onboarding process, employees are making connections to company culture, their managers, their work and other employees. Within the first 30 days, they have probably determined i…
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NetSuite Frequently Asked Questions

  • When was NetSuite founded?

    NetSuite was founded in 1998.

  • Who are NetSuite key executives?

    NetSuite's key executives are Evan Goldberg, Jason Maynard and David Rodman.

  • How many employees does NetSuite have?

    NetSuite has 18,698 employees.

  • What is NetSuite revenue?

    Latest NetSuite annual revenue is $741.1 m.

  • What is NetSuite revenue per employee?

    Latest NetSuite revenue per employee is $39.6 k.

  • Who are NetSuite competitors?

    Competitors of NetSuite include SYSPRO, Lumen and Yonyou.

  • Where is NetSuite headquarters?

    NetSuite headquarters is located at 2300 Cloud Way, Austin.

  • Where are NetSuite offices?

    NetSuite has offices in Austin, Atlanta, Burlington, Chicago and in 31 other locations.

  • How many offices does NetSuite have?

    NetSuite has 38 offices.