NetSuite is a provider of cloud-based financials, enterprise resource planning (ERP), HR, and omni-channel 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
HQRedwood City, US
Founded1998
Websitenetsuite.com
Cybersecurity ratingBMore
NetSuite was founded in 1998 and is headquartered in Redwood City, 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 Redwood City, Atlanta, Austin, Burlington and in 37 other locations
Redwood City, US (HQ)
Oracle Building 500, 500 Oracle Pkwy
Atlanta, US
1 Glenlake Pkwy NE
Austin, US
2300 Cloud Way
Burlington, US
Oracle Building 10, 10 Van de Graaff Drive
Chicago, US
111 W Jackson Blvd #1000
Denver, US
7700 Technology Way Building 3
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NetSuite Financials and Metrics

Summary Metrics

In total, NetSuite had raised $157.8 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

$352.20 m$413.50 m

Countries

100 200

Enterprise Customers

40 k18 k19 k20 k

Product Lines

12
Show all operating metrics

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
OpenAir IncJune 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

B

81/100

SecurityScorecard logo

NetSuite Online and Social Media Presence

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NetSuite News and Updates

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...

Financial Forecasting Software Market - Current Impact to Make Big Changes | Centage, NetSuite, FD4Cast

Latest Research Study on Financial Forecasting Software Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Financial Forecasting Software Market research report shows the latest market insights with upcoming trends and breakdown of the products …

Global Furniture Store POS Software Market Report 2019-2025 Top Key Players- GoFrugal POS, Ordorite, iVend Retail, NetSuite and more...

A new market study, titled “Global Furniture Store POS Software Market Size, Status and Forecast 2019-2025”, has been featured on WiseGuyReports. Posted via Industry Today. Follow us on Twitter @IndustryToday
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NetSuite Blogs

The Mejuri Mystique: How a Jewelry Startup Built a Strong Brand Connection with Customers From ...

Eric Bahn doesn’t typically invest in direct-to-consumer businesses. Yes, Bahn’s early stage venture firm, Hustle Fund, has a few D2C companies in its portfolio, but he only considers such investments when the founders are adept at brand building, performance-based marketing and customer retention. …

Where Does it Hurt: Top Inventory Management Pain Points

Product-based businesses face many inventory management challenges that can impact all aspects of their business — from customer satisfaction to gross margin to return on investment. Whether it’s a lack of real-time visibility across locations or manual processes that result in lost time and increas…

Office Shutdown? Virtual Audit is No Problem for Domo

On March 21, as lockdown orders went into effect as a result of COVID-19 and employees at Domo were being sent home and told not to come into the office for the foreseeable future, the finance team realized it had an issue on its hands — how to handle the annual audit that was then underway. Fortun…

Peepers Moves Fashion Forward by Adapting its Inventory Management Practices

When Peepers decided to move on from its third-party logistics (3PL) provider and bring distribution operations in house two and a half years ago, building up operations from scratch in its 25,000-square-foot warehouse was no small feat. But the work and systems put in place to move from a partner …

Accelerating the Order-to-Cash Cycle

Maintaining sufficient cash flow to support operations is critically important to most companies. But even in cases where negative cash flow is built into the business plan, such as a software startup, controlling cash burn is still a top priority. Although issues like seasonality, economic conditio…

7th Annual Hackathon 4Good goes Virtual for Food for the Hungry Canada

For five years, NetSuite has regularly held a Hackathon 4Good, an opportunity for NetSuite employees, partners and customers to put their skills to use for good, helping NetSuite nonprofit customers with needed projects. Typically held in-person before the annual SuiteWorld conference, this year’s …
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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 18,968 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 $39.1 k.

  • Who are NetSuite competitors?

    Competitors of NetSuite include CoreCare, Lumen and TechnologyOne.

  • Where is NetSuite headquarters?

    NetSuite headquarters is located at Oracle Building 500, 500 Oracle Pkwy, Redwood City.

  • Where are NetSuite offices?

    NetSuite has offices in Redwood City, Atlanta, Austin, Burlington and in 37 other locations.

  • How many offices does NetSuite have?

    NetSuite has 44 offices.