Walravens writes that his sources aren’t seeing any snags along the lines of “higher approval levels, project delays, more scrutiny.” He cites Netsuite’s lack of European exposure as a possible explanation. The company primarily sells to small and medium-size businesses in the U.S. Total euro denominated exposure is under 1%.
Meanwhile Walravens cites that Netsuite is hiring new sales reps aggressively, and in some cases splitting existing sales territories to create room for hires. Walravens saw this in the early days of Salesforce.com’s ramp up. Walravens is predicting billings growth of 30%, consensus is 28%.
(Curated by Dennis Moore. Read the complete article here)