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NetSuite (NYSE: N) is one of the top players in the cloud-computing sector. In fact, three of the four most recent tech IPOs -- OpenTable (NASDAQ: OPEN), SolarWinds (NYSE: SWI), and LogMeIn (NASDAQ: LOGM) -- use the company's software to do things like manage customer relationships, financials, ecommerce, and so on.
This momentum is helping to boost NetSuite's top line. Despite the recessionary headwinds, the company's revenues increased 10% to $40.3 million, according to the Q2 report. While there was a net loss of $5 million, or $0.08 per share, NetSuite posted positive cash flows of $1.4 million.
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