And yeah, yeah, it was a good quarter, but the big news from this week’s quarterly earnings webcast was that NetSuite will introduce a new user interface in 2014. “Later this year, we plan on rolling out our next generation interface,” said CEO Zach Nelson. “It will make NetSuite the easiest and most enjoyable business application to use anywhere.” The other thing notable was it seemed Nelson might avoid taking a whack at the competition. But what a relief, at 40.04 minutes into a 50.40-minute long event, Nelson talked about when companies are “ready to upgrade out their legacy stone age SAP or Sage implementation”.
Microsoft did its usual and reported a gazillion dollars in results for the year ended June 30. But that is not the most interest thing about the earnings webcast for the fiscal 2014 results. The thing that stood out is that CEO Satya Nadella participated in the event. And you may not think this is special – after all don’t CEOs take part in the earnings presentations? In the overwhelming number of cases, that’s true. But in Microsoft’s, it hasn’t been the practice. If former CEO Steve Ballmer was on any of the calls, I don’t remember and I started listening to them after the purchase of Great Plains in 2001, back when Bill Gates was CEO.
Cloud accounting company Xero plans an initial public offering in the United States for the year ending March 31, 2015. The company raised $150 million in capital late in 2013, largely from American investors, and you'd think these folks want their money back at some point. Xero is already public in Australia and New Zealand. With the company moving into an offering and the sensitivity involved in such endeavors, I was not surprised when an offered interview with Peter Karpas, CEO of Xero North America, did not produce a lot of new news.
No, the company didn’t phrase it this way. But Sage’s organic revenue growth for the nine months ended June 30 was 4.7 percent over the prior year and the rate was 4.3 percent for the most recently ended quarter, Sage said this week. The company expects business to pick up in the fourth quarter and to close fiscal 2014 with 6 percent-organic revenue growth. Lame duck CEO Guy Berruyer said in the company’s interim management statement that “We remain confident of achieving our target of 6-percent organic revenue growth in 2015.”