NetSuite, Zoho see rising uptake of hosted apps
Published: 06 Aug 2008 08:37 BST
Two on-demand business-software firms reported accelerating adoption of their suites on Tuesday.
NetSuite reported second-quarter 2008 revenue of $36.6m (£18.7m), up 43 percent from the same period in 2007. Net loss per Gaap (Generally Accepted Accounting Principles) was down to $3.1m in the quarter, compared with $9.6m in the second quarter of 2007.
The company also announced new mid-market and enterprise customers for its ERP and CRM suites, which are delivered as web applications. Surgical robotics company Intuitive Surgical adopted NetSuite CRM; Nestlé UK used services from NetSuite to launch an online store; and sports market firm Wasserman Media Group adopted NetSuite for accounting functions, replacing an installation of Microsoft Dynamics Great Plains, NetSuite announced.
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Comment: Microsoft has lost its grip on the ecosystem
Microsoft got where it is today through its influence over manufacturers. It no longer has the control it once enjoyed...
Zoho, a provider of business software-as-a-service to small and mid-market companies, announced that it has reached the milestone of one million sign-ups for its services.
Zoho's Raju Vegesna said that of those sign-ups, roughly 300,000 to 350,000 still log on to the service each month. He said he also believes that Zoho is tracking at about one-third of Google Apps adoption. Google Apps is Google's business-focused app suite; Vegesna did not consider individual or business use of Google Docs, which offers some of the same services.
These success stories, in addition to the continued strong performance by Salesforce.com, put continued pressure on the distribution models and market that Microsoft and other traditional software houses rely on.
Credit: NetSuite, Zoho post app suite gains from CNET News
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