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Netsuite Inc (N) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Netsuite Inc

CIK: 1117106 Ticker: N



Exhibit 99.1
 
Investor Relations Contact:
  
Media Contact:
Jennifer Gianola
  
Mei Li
NetSuite Inc.
  
NetSuite Inc.
650.627.1131
  
650.627.1063
jgianola@netsuite.com
  
meili@netsuite.com

NETSUITE ANNOUNCES FOURTH QUARTER AND FISCAL 2015 FINANCIAL RESULTS

Ÿ
31% Year-over-Year Increase in Q4 Revenue of $206.2 Million
Ÿ
33% Growth over Prior Year in 2015 Revenue of $741.1 Million
Ÿ
34% Growth over Prior Year in 2015 Operating Cash Flow of $100.4 Million


SAN MATEO, Calif. - January 28, 2016
-NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced operating results for its fourth quarter and fiscal year ended December 31, 2015.

Total revenue for the fourth quarter of 2015 was $206.2 million, representing a 31% increase over the prior year. Total revenue for the year was $741.1 million, a year-over-year increase of 33%.

Cash flow from operations was $100.4 million for the year, an increase of $25.5 million, or 34%, over the prior year.

On a GAAP basis, net loss for the fourth quarter of 2015 was $32.4 million, or $(0.41) per share, as compared to a net loss of $25.3 million, or $(0.33) per share, in the fourth quarter of 2014. GAAP net loss for the year ended December 31, 2015 was $124.7 million, or $(1.59) per share, as compared to a GAAP net loss of $100.0 million, or $(1.31) per share, in 2014.

Non-GAAP net income for the fourth quarter of 2015 was $4.3 million, or $0.05 per share, as compared to non-GAAP net income of $7.5 million, or $0.10 per share, in the fourth quarter of 2014. Non-GAAP net income for the year ended December 31, 2015 was $17.7 million, or $0.22 per share, as compared to non-GAAP net income of $25.0 million, or $0.32 per share, in 2014.

"NetSuite delivered record revenue and powerful record customer growth as thousands of next-generation leaders like Snapchat, mid-size organizations like Lucky Brand, and global enterprises such as American Express Global Business Travel reimagine their business in the cloud on NetSuite,” said Zach Nelson, CEO of NetSuite.  “In 2016, the wind is at NetSuite’s back as the world transitions from a time just a couple years back, when few believed that businesses would run mission critical core business applications in the cloud, to today when companies in many industries can’t get there fast enough."

Conference Call Details
A live audio webcast and replay of the call, together with detailed financial information, will be available on the Investor Relations section of NetSuite's website at www.netsuite.com/investors. The live call can be accessed by dialing 855-416-1337 (U.S.) or 779-232-4661 (outside the U.S.) and referencing passcode: 9767201. An audio replay will be available for two weeks after the call by dialing 855-859-2056 (U.S.) or 404-537-3406 (outside the U.S.) and referencing passcode: 9767201.



The following information was filed by Netsuite Inc (N) on Thursday, January 28, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Schedule Ii Valuation And Qualifying Accounts Allowance For Doubtful Accounts Valuation Account (tables)
Consolidated Balance Sheets
Consolidated Balance Sheets Balance Sheet Parenthetical
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Total Equity
Accrued Compensation
Accrued Compensation (details)
Accrued Compensation Accrued Compensation (tables)
Business Combinations
Business Combinations (tables)
Business Combinations Allocation Of Purchase Price (details)
Business Combinations Business Combination Policy (policies)
Business Combinations Business Combinations (details)
Cash & Cash Equivalents
Cash & Cash Equivalents (details)
Cash & Cash Equivalents (tables)
Commitments And Contingencies
Financial Instruments
Financial Instruments (tables)
Financial Instruments Fair Value Of Assets And Liabilities (details)
Financial Instruments Marketable Securities (details)
Financial Instruments Maturities (details)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (details)
Goodwill And Other Intangibles (tables)
Goodwill And Other Intangibles Details Future Intangible Asset Amortization (details)
Goodwill And Other Intangibles Goodwill And Other Intangibles (details)
Hedging Activity
Hedging Activity Derivative And Hedging Activity (details)
Hedging Activity Hedging Activity (tables)
Hedging Activity Notional Value Sold And Purchased (details)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Income Taxes Revenue Detail (details)
Lease Commitments
Lease Commitments (details)
Lease Commitments (tables)
Long-term Debt
Long-term Debt (details)
Long-term Debt (tables)
Net Loss Per Common Share
Net Loss Per Common Share Net Loss Per Common Share (tables)
Net Loss Per Common Share Net Loss Per Common Share Calculation (details)
Organization
Other Employee Benefits
Other Employee Benefits (details)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Related Party Transactions
Related Party Transactions (details)
Related Party Transactions (tables)
Significant Accounting Policies
Significant Accounting Policies (policies)
Significant Accounting Policies (tables)
Significant Accounting Policies Advertising Expense (details)
Significant Accounting Policies Deferred Commissions (details)
Significant Accounting Policies Foreign Currency (details)
Significant Accounting Policies Internal Use Software And Website Development Costs (details)
Significant Accounting Policies Long-lived Assets (details)
Significant Accounting Policies Qualified Operating Expenses (details)
Significant Accounting Policies Revenue Recognition (details)
Significant Accounting Policies Segment Revenue (details)
Stock-based Compensation
Stock-based Compensation Stock-based Compensation (details)
Stock-based Compensation Stock-based Compensation (tables)
Ticker: N
CIK: 1117106
Form Type: 10-K Annual Report
Accession Number: 0001117106-16-000050
Submitted to the SEC: Tue Feb 23 2016 9:22:59 PM EST
Accepted by the SEC: Wed Feb 24 2016
Period: Thursday, December 31, 2015
Industry: Prepackaged Software

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