Netsuite aren't posting the best quarterly financials this week, losing nearly £5 million despite the increase on revenue and cashflow from last year. The company's CEO, Zac Nelson, told shareholders in an earnings statement that regardless they are positive toward the outlook of the market as a whole, and that they are "weathering gale force economic winds".

He continued to say "We modelled the third-quarter results to be seasonally flat from the second quarter, so the fact that we exceeded most of our metrics is indeed exciting. We have seen record revenue, record cash flow, continued non-GAAP profitability, our best new bookings growth in a year, reduced downsell and increased upsell and the largest number of OneWorld customers ever sold. All of these bode well."

NetSuite's revenue is apparently up by 4% to more than £25 million for the past quarter, and even though they managed to generate £1.2 million in Q3 pushing their cash flow into positives for the year, business costs (in particular marketing and administration) have risen sharply and hit the company hard.

Q4's outlook is quite positive according to Nelson. Traditionally the last quarter is always the strongest for NetSuite, but the firm are also currently reporting an increase in demand from medium sized businesses in Europe and Asia.