By Zacks Equity Research
Publication Date: 2026-05-21 18:21:00
oracle The ORCL NetSuite business continues to gain traction in the mid-market segment as more companies transition from traditional on-premise software to cloud-based systems. NetSuite offers a unified, multi-tenant, AI-powered ERP platform that brings together key business processes such as finance, operations and analytics into a single system with real-time data visibility. This integrated and scalable approach is particularly appealing to mid-sized companies that want to efficiently modernize their technology infrastructure while avoiding the complexity and costs of large, highly customized enterprise solutions.
The company’s NetSuite Cloud ERP division generated revenue of $1.1 billion in the third quarter of fiscal 2026, growing 14% in USD and 11% in constant currency terms. This performance positions NetSuite as a key contributor to Oracle’s broader cloud momentum, which resulted in total cloud revenue increasing to $8.9 billion, up 44% in U.S. dollars and 41% in…