Cloud ERP is the next big thing in the cloud
December 7, 2012
Grazed from CloudTech. Author: Sharon Florentine.
The Cloud ERP (enterprise resource planning) landscape is expanding, and competition is heating up. Back in July 2012, Web-based business software provider NetSuite’s Q2 revenue and earnings numbers were the first indicators of a growing trend in the Cloud ERP space.
As Ben Kepes reported in the Cloud Ave blog, NetSuite’s subscription and support revenues were $61 million, a 27 percent increase of Q2 2011. And NetSuite’s cash flow from operations was up 80 percent year-over-year to $15.2 million. Don’t yawn – yes, earnings reports in and of themselves aren’t exactly riveting. But as Kepes said, the trend that these numbers indicate signals a very important shift in the ERP space…
Enterprise software isn’t "sexy," but it continues to be a growth sector year-over-year, he said, because it’s directly monetisable – enterprise software companies deliver a service customers are very willing to pay for. Couple it with the cost-saving, productivity-enhancing and efficiency-creating properties of the cloud, and it’s no surprise ERP in the cloud is becoming the next frontier for many enterprise software providers…
Read more from the source @ http://www.cloudcomputing-news.net/news/2012/dec/07/cloud-erp-next-big-thing-cloud/