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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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
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

73/100

SecurityScorecard logo

NetSuite Online and Social Media Presence

Embed Graph

NetSuite Company Culture

  • Overall Culture

    B-

    71/100

  • CEO Rating

    B+

    75/100

  • Compensation

    C+

    66/100

  • Diversity

    C

    63/100

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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 …
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NetSuite Blogs

Mobile Scanning Increases Supply Chain Efficiency

Now, more than ever, businesses are looking for ways to improve warehouse and fulfillment efficiency to keep up with the rising demand of commerce orders. In 2020 ecommerce sales increased 44%, but even before the shutdowns of last year, the percentage of overall sales coming from commerce channels …

How SuiteProjects Makes Project Revenue Recognition Easy and Accurate

Companies that work on long-term projects, or bill customers at regular intervals based on contracts in place, frequently receive payment before the entire project is complete or the service delivered. Under U.S. generally accepted accounting principals (GAAP) and international accounting standards,…

New Lease Accounting Standards Are Coming…Are Your Systems Ready?

After a year's postponement, new lease accounting standards will take effect in December 2021 for private companies and nonprofits operating in the U.S. Under ASC 842 and IFRS 16, long-term leases must now be captured on the balance sheet. This is a significant change and makes accounting for leases…

Embracing the Power of NetSuite through Business Process Outsourcing

When the founders of ScaleNorth Advisors launched their business process outsourcing venture, choosing a technology foundation was the easy part. “Building our practice around NetSuite was a very easy decision,” said Joe Rovirosa, CPA and managing director of the company. So easy, in fact, that the…

Captain Finance vs Silo

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 …

4 Ways Manual Order Management Processes Impact the Customer Experience

Consumers expect orders to be delivered quickly and accurately and won’t settle for less. Last year, ecommerce sales increased 44% and, as a result, warehouses and fulfillment centers are now under greater pressure to deliver more orders, in less time, without increased budget. Today’s consumer has …
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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 18,978 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 Lumen, Yonyou and Microsoft.

  • 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.