InvestorsHub Logo
Followers 71
Posts 6109
Boards Moderated 0
Alias Born 12/27/2005

Re: cantwaittoretire post# 32593

Thursday, 03/01/2018 7:42:16 PM

Thursday, March 01, 2018 7:42:16 PM

Post# of 192428
[Edited] Much higher than I just posted!

Thanks for asking. I have something more recent in the FAQ posted.

Q: How does NetSuite fit into all of this with Oracle? Does anybody use NetSuite?
A: Oracle bought NetSuite a little less than two years ago for $9.3B and added 10,000 companies since (33% increase). How do you keep that market share growing? By adding new capabilities as fast as you can.

Oracle Buys NetSuite
$9.3 billion
Redwood Shores, Calif.—Jul 28, 2016

Global Organizations using NetSuite

2014 - 20,000
2016 - 30,000
2018 - 40,000

https://www.oracle.com/corporate/pressrelease/oracle-buys-netsuite-072816.html

Oracle now has 40,000 companies using NetSuite as posted on their website.


If you look at NetSuite's revenue before they were bought it was over $500M. Figure $100 a user which is what has been posted all over the internet that is 5M users back in 2015 and it has grow substantially since that time.

I think Rory said Oracle has millions or NetSuite users. The numbers back that up.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent VERB News