NetSuite (formerly known as NetLedger) is a provider of cloud-based financials, enterprise resource planning (ERP), human resources(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.

Employee Rating

4
TypeSubsidiary
Parent CompanyOracle
HQAustin, TX, US
Founded1998
Websitenetsuite.com
Cybersecurity ratingCMore
NetSuite was founded in 1998 and is headquartered in Austin, TX, US
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

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
Show more

NetSuite Office Locations

NetSuite has offices in Austin, Atlanta, Burlington, Chicago and in 42 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
Durham, NC, US
324 Blackwell St #410
Show all (46)

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

Embed Graph
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
Show all financial metrics

NetSuite Operating Metrics

FY, 2014FY, 2015Apr, 2018Jul, 2019Jan, 2020Jun, 2020Dec, 2021

Backlog

$352.2 m$413.5 m

Countries

100200

Enterprise Customers

40 k18 k19 k20 k28 k

Product Lines

1210

NetSuite Acquisitions / Subsidiaries

Company NameDateDeal Size
iAutomationMay 05, 2016
IQity SolutionsMarch 04, 2016
Monexa Services Inc.August 10, 2015
Bronto Software IncApril 23, 2015$200 m
VendaJuly 17, 2014
TribeHROctober 22, 2013
OrderMotion IncMay 08, 2013
Element FusionMarch 13, 2013
Retail Anywhere IncJanuary 10, 2013
NetSuite OpenAirJune 02, 2008$26 m
Show more

NetSuite Revenue Breakdown

Embed Graph

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

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

NetSuite Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

NetSuite Online and Social Media Presence

Embed Graph

NetSuite Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A

    79/100

  • Compensation

    C+

    68/100

  • Diversity

    C-

    64/100

Learn more on Comparably

NetSuite News and Updates

PensionBee turns to Oracle NetSuite

PensionBee, the leading online pension provider, is using Oracle NetSuite to support its mission to simplify pensions and help people take control of their retirement.

Impact Health Scales to Meet Demand for COVID-19 Testing with NetSuite

Leading Provider of Employee Health Screenings and Contingent Staffing Implements NetSuite to Support Rapid Growth for its Onsite COVID-19 Testing and Vaccination Programs AUSTIN, Texas, March 30, 2022 /PRNewswire/ -- Impact Health, a leading provider of onsite COVID-19 testing and...

Houston Food Bank Selects NetSuite to Help Fight Hunger

NetSuite Helps Nonprofit Organization Expand Operations as it Fights Food Insecurity Exacerbated by the COVID-19 Pandemic AUSTIN, Texas, March 17, 2022 /PRNewswire/ -- The Houston Food Bank, the nation's largest food bank in distribution, has selected Oracle NetSuite to help support its...

Accountants can close the books faster with native application in NetSuite

DENVER, March 10, 2022 /PRNewswire/ -- Every month, quarter and year, accountants close the books. As organizations grow larger and more complex, the process for closing the books and reconciling accounts can become unwieldy. NetClose helps accounting teams manage this complexity directly...

DispatchTrack Introduces Automated Data Integration with NetSuite

CAMPBELL, Calif., Feb. 24, 2022 /PRNewswire/ -- DispatchTrack, a last mile delivery platform that powers positive, predictable, and visible experiences for shippers, drivers, and recipients globally, today announced the release of its NetSuite integration. 3PLs, carriers, and other last...
Show more

NetSuite Blogs

SuiteWorld Returns: Event to Feature Expanded In-person and Remote Learning Opportunities

After a brief hiatus, SuiteWorld is back. Now in its 10th year, NetSuite’s annual gathering of customers, partners and prospects has returned to Las Vegas Oct. 18-21 and, while no SuiteWorld is ever the same, this year’s event holds some new twists to ensure everyone gets the most out of the event,…

Solving Manufacturing Complexity with NetSuite Work Orders & Assemblies, WIPs & ...

Beyond current supply chain disruptions and labor shortages, manufacturers face a host of common challenges around their day-to-day operations. NetSuite offers three different production management products that can help manufacturers automate, collaborate and inform decision making. Common Product…

Doctor COGS vs Ms. Shipment

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 finance team perform every day, bringing …

Control Inventory Costs with a Quality Management System

Between delays, material scarcity, increased prices and labor shortages, supply chain challenges continue to flummox businesses, and those confronting limited stock must prioritize minimizing waste. One of the most effective ways to minimize waste is through a quality management program. And, while…

NetSuite OpenAir 2021 Release 2 Sneak Peek: Optimized Project Lifecycle, Seamless Connectivity ...

Within the growing global professional services industry, projects continue to become more complex and client demand is increasing. To remain competitive, firms will need to focus on all aspects of their project delivery.  With NetSuite OpenAir 2021 Release 2, services organizations can help their …

Renewable Energy Company Fuels Growth Moving from QuickBooks to NetSuite

For POWERHOME SOLAR, strong demand for renewable energy in the Southeast and Midwest U.S. helped to drive the growth of its business, but also taught it the limits of its entry-level accounting system. Headquartered in Mooresville, N.C., POWERHOME SOLAR helps its customers achieve energy independen…
Show more

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 19,444 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 $38.1 k.

  • Who are NetSuite competitors?

    Competitors of NetSuite include TDCX, SYSPRO and Lumen Technologies.

  • 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 42 other locations.

  • How many offices does NetSuite have?

    NetSuite has 46 offices.