NetSuite Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - NetSuite Inc. (N) reported a first-quarter net loss of $22.7 million, or $0.29 per share, compared to a net loss of $22.2 million, or $0.29 per share, in the first quarter of 2014. Non-GAAP net income was $9.0 million, or $0.11 per share, for the quarter.

On average, 29 analysts polled by Thomson Reuters expected the company to report profit per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $164.8 million, representing a 34% increase over the same period in the prior year. Analysts expected revenue of $161.54 million for the quarter.