Latest news with #NetSuite
Yahoo
a day ago
- Business
- Yahoo
Flywire to Announce Second Quarter 2025 Results on August 5, 2025
BOSTON, July 08, 2025 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its second quarter financial results will be released after market close on Tuesday, August 5, 2025. Flywire will host a conference call to discuss its second-quarter financial results at 5:00 pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call will be webcast live from Flywire's investor relations website at A replay will be available on the investor relations website following the call. About FlywireFlywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform, and vertical-specific software to deliver the most important and complex payments for our clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges. Flywire supports more than 4,600 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit Follow Flywire on X, LinkedIn and Facebook. ContactsInvestor Relations:Masha Kahnir@ Media:Sarah Kingmedia@
Yahoo
30-06-2025
- Business
- Yahoo
Tiny AI ERP startup Campfire is winning so many startups from NetSuite, Accel led a $35M Series A
AI-powered accounting startup Campfire announced Monday that it has raised a $35 million Series A led by Accel, with participation from Foundation Capital, Y Combinator, Capital49, and angel investors including Mercury's CFO Dan Kang. 'Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire,' founder CEO John Glasgow said. Some of Campfire's customers that have migrated from NetSuite include wealth management platform Advisor360, construction software startup Rhumbix, and customer experience company Fooji, Campfire says. This was, in part, because Glasgow attended YC in the summer of 2023, despite being decidedly more experienced than the typical 20-something YC founder. He described the age difference with a funny story: During a YC bingo event, 'One of the bingos was 'find someone that's a parent,' and I was the hot commodity at YC bingo.' Glasgow already had a decade and a half career in finance working for Fidelity, Union Square Advisors, and others. When his manager from Adobe left to run an Accel-backed startup called Invoice2go, he took Glasgow with him. Less than a year later, in the fall of 2021, bought Invoice2go for about $625 million. Glasgow wound up with both the cash and an idea to build his own startup, one that would automate the drudgery in finance like reconciling payments on bills, revenue forecasts, and — the part he discovered during the Invoice2go deal — due diligence for M&A. He launched Campfire in 2023 to upend 1990s-era enterprise resource planning accounting software (ERP) like Netsuite with an LLM-powered alternative. Campfire does things like automatically itemize and reconcile AWS cloud computing bills. It generates detailed cash flow analysis, charts, and answers to questions from natural-language prompts. 'One of our customers went from a 15-day to a three-day close when they ripped out NetSuite and put in Campfire,' he says about the time to finalize the books each month. YC's famed access to other cohort alums helped him land tech startups as customers, like Sierra AI and Replo. He has since not only landed unicorn fintech startup Mercury as a customer, but its CFO invested. While Campfire is just a gnat in terms of its impact on Oracle's billion-dollar (and growing) NetSuite business, the startup gained enough customers to prove its competitive plausibility. At its seed stage, Campfire grew to around 100 customers and is now up to 12 employees including, Glasgow said, one global customer on track to do a $250 million ARR. 'I was surprised that there were businesses of this size that were trusting their whole ERP to a 10-person, seed-stage project,' Accel's John Locke, who had backed Invoice2Go, told TechCrunch of what had enticed him with Campfire. Locke typically invests at the growth stage. But given that kind of 'traction out of the gates' and a total ERP software market of $56 billion in 2024, according to some market research reports, Locke was in to lead the A. And he was in big. '[The] AI ERP business is massive, and we think John is really the right person to do it. So why don't we do a $30 [million] to $35 million series A, and really go for it?' he told Glasgow and his partners. So they did. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
30-06-2025
- Business
- TechCrunch
Tiny AI ERP startup Campfire is winning so many startups from NetSuite, Accel led a $35M Series A
AI-powered accounting startup Campfire announced Monday that it has raised a $35 million Series A led by Accel, with participation from Foundation Capital, Y Combinator, Capital49, and angel investors including Mercury's CFO Dan Kang. 'Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire,' founder CEO John Glasgow said. Some of Campfire's customers that have migrated from NetSuite include wealth management platform Advisor360, construction software startup Rhumbix, and customer experience company Fooji, Campfire says. This was, in part, because Glasgow attended YC in the summer of 2023, despite being decidedly more experienced than the typical 20-something YC founder. He described the age difference with a funny story: During a YC bingo event, 'One of the bingos was 'find someone that's a parent,' and I was the hot commodity at YC bingo.' Glasgow already had a decade and a half career in finance working for Fidelity, Union Square Advisors, and others. When his manager from Adobe left to run an Accel-backed startup called Invoice2go, he took Glasgow with him. Less than a year later, in the fall of 2021, bought Invoice2go for about $625 million. Glasgow wound up with both the cash and an idea to build his own startup, one that would automate the drudgery in finance like reconciling payments on bills, revenue forecasts, and — the part he discovered during the Invoice2go deal — due diligence for M&A. He launched Campfire in 2023 to upend 1990s-era enterprise resource planning accounting software (ERP) like Netsuite with an LLM-powered alternative. Campfire does things like automatically itemize and reconcile AWS cloud computing bills. It generates detailed cash flow analysis, charts, and answers to questions from natural-language prompts. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW 'One of our customers went from a 15-day to a three-day close when they ripped out NetSuite and put in Campfire,' he says about the time to finalize the books each month. YC's famed access to other cohort alums helped him land tech startups as customers, like Sierra AI and Replo. He has since not only landed unicorn fintech startup Mercury as a customer, but its CFO invested. While Campfire is just a gnat in terms of its impact on Oracle's billion-dollar (and growing) NetSuite business, the startup gained enough customers to prove its competitive plausibility. At its seed stage, Campfire grew to around 100 customers and is now up to 12 employees including, Glasgow said, one global customer on track to do a $250 million ARR. 'I was surprised that there were businesses of this size that were trusting their whole ERP to a 10-person, seed-stage project,' Accel's John Locke, who had backed Invoice2Go, told TechCrunch of what had enticed him with Campfire. Locke typically invests at the growth stage. But given that kind of 'traction out of the gates' and a total ERP software market of $56 billion in 2024, according to some market research reports, Locke was in to lead the A. And he was in big. '[The] AI ERP business is massive, and we think John is really the right person to do it. So why don't we do a $30 [million] to $35 million series A, and really go for it?' he told Glasgow and his partners. So they did.
Yahoo
26-06-2025
- Business
- Yahoo
Can Oracle Stock Hit $250 in 2025?
The dominance of traditional hardware is giving way to a new era defined by software-driven innovation and cloud-based infrastructure. With artificial Intelligence (AI)-infused cloud platforms leading this charge, the spotlight's now firmly on firms built for scale, speed, and smarts. Among them, Oracle (ORCL) has quietly morphed from a legacy database provider to a heavyweight in cloud infrastructure and enterprise AI. The tech giant is once again receiving attention after it reported a robust Q4 report - a growth story that's caught Wall Street's attention. Guggenheim analyst John DiFucci raised his price target on ORCL stock from $220 to $250, and believes that the company is on the verge of a 'narrative shift' after decades of technological innovation, while expecting a bigger jump in its top and bottom line. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. So now, with the stars aligning and Wall Street tuning in, could Oracle be quietly charting its course toward the $250 mark? Austin-based Oracle (ORCL) has grown into a tech powerhouse with a market cap of $604.7 billion. Best known for its Oracle Database and autonomous systems, Oracle delivers a broad spectrum of cloud solutions - from ERP and HCM to NetSuite. Its reach spans industries, governments, and education, backed by hardware and consulting arms. With relentless innovation, Oracle remains a cornerstone in shaping the cloud-first, data-driven future of global enterprise technology. With strong earnings and booming cloud momentum, ORCL stock has soared 51.4% over the past 52 weeks, trouncing the S&P 500 Index's ($SPX) 11.4% gains over the same period. Shares touched a new record high of $216.93 on Wednesday, June 25. However, Oracle's stock doesn't come cheap. It is priced at 39.2 times its forward earnings, which is significantly stretched compared to the industry average at the moment. On June 11, Oracle posted robust results for the fourth quarter of fiscal 2025 (quarter ended May 31, 2025). The company's total revenues increased by 11% year over year to $15.9 billion, surpassing the $15.6 billion consensus Wall Street estimate. Oracle's top-line growth is seen in its profitability expansion. Its non-GAAP EPS rose by 4% annually to $1.70, which was also higher than the estimates. At the heart of this growth were Oracle's cloud-related operations. Its cloud services and license support segment revenue grew by 14% annually to $11.7 billion, accounting for 74% of its total top line. Plus, its cloud license and on-premise license revenue increased by 9% to just over $2 billion. The growth in AI has also been noticeable in Oracle's operations. The company reported that AI innovators are picking the Oracle Cloud Infrastructure (OCI) AI infrastructure and OCI Supercluster to train AI models and deploy AI applications. With the company's AI infrastructure, AI innovators can use high-performance GPU clusters and scalable computing power, which makes OCI so popular. Oracle also partnered with Advanced Micro Devices (AMD) to integrate AMD Instinct MI355X GPUs into OCI. This partnership is said to offer more than twice the price performance of the previous generation, as the companies realize efficiency gains. While Oracle's results have been robust in themselves, what has gotten investors excited is the prospects the company is showing. The company aims to scale its data center operations aggressively. Oracle currently has 23 multicloud data centers and plans to build 47 more by the end of fiscal 2026. As a result of this, Oracle plans to take up significant cloud infrastructure. Oracle expects the total cloud-growth rate to increase from 24% in fiscal 2025 to more than 40% in this fiscal year. The company's Chairman, Larry Ellison, also made the bold claim that it would be the 'largest and most profitable cloud applications company in the world.' Plus, management expects its operations to stay steeped in demand. The company's cloud infrastructure growth rate is expected to increase to over 70% in 2026, while its remaining performance obligations (RPO) are projected to grow more than 100%. Analysts expect the tech stock's fiscal 2026 EPS to grow by 20.2% to $5.29, followed by an increase of 14% to $6.03 in fiscal 2027. After a full-day deep dive with Oracle's IR chief Ken Bond, Guggenheim's John DiFucci didn't just walk away impressed - he walked away convinced. He gave a 'Buy' rating and lifted his target price to $250 – the Street-high. He sees Oracle on the brink of a major narrative shift, powered by decades of innovation. With revenue poised to surge in fiscal 2026 and fiscal 2027, and fiscal 2029's $104 billion target likely understated, DiFucci cements Oracle as a 'Best Idea.' Overall, analysts have a positive outlook on ORCL, giving a consensus 'Moderate Buy' rating. Of the 35 analysts rating the stock, a majority of 21 analysts have rated it a 'Strong Buy,' one suggests a 'Moderate Buy,' and 13 analysts are playing it safe with a 'Hold' rating. Meanwhile, the consensus price target of $215.34 represents 3% potential upside. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Techday NZ
24-06-2025
- Business
- Techday NZ
Enterprise-grade planning is now accessible for mid-market teams
Over the past few years, finance teams have made serious moves towards smarter, more connected planning - improving day-to-day tasks like budgeting and forecasting - while also rethinking how decisions get made across the business. Now that sophisticated planning tools are more accessible and affordable, a growing number of mid-market organisations are asking - what should planning look like today? Real planning transformation takes more than plugging in a slick new platform. Many teams are still working around long-standing disconnects - between systems and spreadsheets, finance and operations, data and decisions. Even today, it's rare for finance to have a live, financial view of what's happening across the business. If a sales target slips or a hiring plan changes, the impact might not be visible until weeks later by which point, the moment to act has passed. The most advanced teams are solving for this by embedding smarter planning directly into their core systems. The aim is to create one connected environment where finance can guide both strategic direction and day-to-day decisions with speed and confidence. And to do that, you need an ERP-native Enterprise Performance Management (EPM) solution. What is Enterprise Performance Management (EPM)? EPM isn't new. For years, large enterprises have used EPM systems to support strategic planning, budgeting, forecasting and reporting. But traditionally, these tools have been too complex, too expensive - or too removed from the day-to-day systems mid-market businesses rely on. A new wave of cloud-based EPM tools is bringing these capabilities to the mid-market. Designed to work natively within cloud ERP systems like NetSuite, these tools eliminate the need for standalone platforms, extra data wrangling or a steep learning curve. The difference is accessibility but it's also in capability. These new planning tools allow finance teams to plan, model and forecast inside the same system they already use to run the business. Some of the most powerful features available include: Predictive planning: AI uses historical data to suggest values for budgets and forecasts, helping teams get started faster and forecast with more confidence. Anomaly detection: As numbers are entered, unusual patterns are flagged in real time - reducing the risk of errors making it through to final plans. Scenario modelling: With just a few changes, teams can create and compare multiple 'what if' scenarios without copying data into a spreadsheet or building fragile formulas. How finance teams are using EPM in practice With the right planning tools now embedded inside their ERP, mid market finance teams no longer have to rely on backwards-looking data or scattered spreadsheets to guide the business. EPM gives them the visibility and control to make planning a part of the day-to-day rhythm of business. Here's how that looks in practice: Headcount is often a business's biggest cost but also one of the hardest to model accurately. With EPM, finance teams can plan by role, team or location, account for on-costs, model hiring delays or restructures, and instantly see the downstream financial impact. Rather than using flat assumptions or manual spreadsheets, teams can forecast revenue by channel, product, customer or region. Adjust inputs like volume, pricing or FX, and instantly test new growth strategies or pricing models. Budget owners can input and manage department-level expenses directly without finance chasing spreadsheets or losing version control. Templates, approvals and commentary keep the process structured and auditable. When the board asks, 'what happens if revenue drops 15% next quarter?', EPM tools make it easy to duplicate base plan, adjust key drivers, and compare the impact without rewriting the entire forecast from scratch. NetSuite EPM - enterprise-grade planning for mid markets Built on Oracle's enterprise-grade technology, NetSuite's Enterprise Performance Management (EPM) suite is designed to bring advanced planning and forecasting capabilities to finance teams already running on NetSuite ERP. It removes the friction of disconnected tools by embedding planning directly into the system you already use to manage finance, operations and reporting. In Australia and New Zealand, the core NetSuite EPM modules now available include: NetSuite Planning & Budgeting (NSPB) A powerful planning engine that lets teams build budgets, rolling forecasts and financial models tied directly to NetSuite data. NSPB supports everything from workforce and OPEX planning to revenue modelling, scenario testing and demand forecasting - including built-in AI for predictive planning and anomaly detection. NetSuite Account Reconciliation (NSAR) NSAR automates and streamlines the account reconciliation process, helping finance teams speed up month-end close and reduce risk. With rules-based automation, real-time visibility and built-in controls, it ensures accuracy without the spreadsheet sprawl. These EPM modules can be adopted individually or as a suite, depending on the business's maturity and planning needs. Most organisations start with NSPB as the entry point - replacing static budgets and spreadsheet processes with more accurate, real-time and collaborative planning. What to explore next If your team is starting to feel the strain of spreadsheet-led planning - or if you've outgrown basic budgeting inside your existing accounting solution - it might be time to take a closer look at NetSuite and NetSuite EPM. These planning tools give you the structure to move fast, the visibility to stay on track and the intelligence to plan for what's next. And because they work inside the systems you already use, the leap to smarter planning might be closer than you think. Read The beginners guide to NetSuite Enterprise Performance Management (EPM) >
