Annual Award Recognises Contributions to Business Performance, Bay Area Community
SAN MATEO, Calif.—June 13, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that the San Francisco Business Times has named NetSuite CFO Ron Gill the Bay Area CFO of the Year for public companies with revenue up to $500 million. The award recognises a CFO who has made an outstanding contribution to his/her company's performance as well as to the greater Bay Area business community over the past year. Ron is one of the key drivers that led NetSuite to a record $308.8 million in revenue for 2012, a 31 percent increase over the prior year. Ron plays a very important role in translating the company's vision—to transform how businesses operate so they can achieve their business vision—into execution and delivery.
Ron's efforts and focus have been key to NetSuite's business growth and it becoming the top performing public software company over the past three years. According to Morgan Stanley's Software Comparable Metrics report (June 7, 2013), NetSuite's 3-year stock price performance has outpaced all the other companies in their 31 stock universe, and is up over 540 percent over this 3-year period. Since 2010, NetSuite has also more than doubled its revenue and number of employees.
NetSuite was recently named one of America's 100 Most Trustworthy Companies based on GMI Ratings (GMI), and published by Forbes Magazine. Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
Under the CFO of the Year program, a selection panel of business and academic leaders select from nominated CFOs based on six different categories incorporating a wide range of criteria, including individuals who have: managed rapid growth, achieved operational efficiency, improved and innovated risk management, steered a strategic acquisition or divestiture, created strategic partnership and implemented best practices in finance.
Recipients of the award and finalists were honoured on June 5th at the Westin St. Francis Hotel in San Francisco at an awards dinner that benefited Larkin Street Youth Services. Other honouree recipients, in other CFO of the year categories, included Frank Calderoni, CFO of Cisco for large public companies, and Byron Pollitt, CFO of Visa Inc for lifetime achievement. The event raised more than $455,000 for Larkin Street Youth Services, a non-profit organisation providing housing, education, employment and health services to at-risk, homeless and runaway youth.
About The Bay Area CFO of the Year Awards
Larkin Street Youth Services, in partnership with the San Francisco Business Times is proud to present the annual Bay Area CFO of the Year Awards. It is a unique Bay Area event, recognizing unsung heroes who have played a critical role in the success of their companies and to honour others who have improved the quality of life in our community. The event attracts more than 500 Bay Area financial and business leaders who gather to recognise the impressive group of finalists and award winners. The event has raised over $2.75 million, since the inaugural event in 2006, to benefit Larkin Street Youth Services, an internationally recognised leader in providing effective housing, education, employment and health services to at-risk, homeless and runaway youth. Visit www.larkinstreetyouth.org
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