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What: Shares of NetSuite
So what: Both top and bottom lines came in better than hoped, with revenue stacking up to $64.1 million and earnings per share of a nickel. Analysts were looking for just $63.4 million in sales and $0.04 per share in profit.
Now what: CEO Zach Nelson said the company's quarter benefited from "being the disrupter rather than a disruptee," as its cloud software kept growing market share. He said the business continued to accelerate all year and the fourth quarter could be considered the company's best quarter ever. Next quarter's revenue is expected between $67.5 million and $68 million, a notch higher than the $67 million consensus.
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