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NetSuite’s profits jump 7 percent in 3rd quarter

27 Jul 2012 12:00 AM | Anonymous

Business Software giant NetSuite have reported bumper profits expected to total above $77 million.

Shares in NetSuite jumped 7 percent to $52.76 with the adjusted earnings forecasted at 6 cents a share.

According to Reuters, analysts are expecting an average of 5 cents a share. Total revenue rose 29 percent to $74.7 million.

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