This may be the year that NetSuite gets aggressive with its competition, and in some ways, it doesn't have much choice. Publicly traded, yet majority owned by Oracle CEO Larry Ellison, NetSuite has been in business for 10 years with double-digit revenue growth every quarter, but has not yet turned a profit. NetSuite has said that will happen once it reaches a certain number of customers. I'd say after 10 years, it needs to reach that number soon.
It was recently within spitting distance of profitability: In it's fourth-quarter financial report issued last month, NetSuite said it would have posted a profit of 1 cent per share, if it excluded stock-related and other expenses. (It's even been calling that its first profitable quarter, but my personal belief is that "generally accepted accounting principles" exist for a reason.)
Forrester Research VP Ray Wang did some number crunching, and ranks NetSuite as the No. 5 vendor of SaaS in 2008 based on revenue of $152.5 million. It follows Salesforce.com (CRM), Concur (Expenses), Ultimate (HR), and Taleo (HR); RightNow (CRM) comes in as No. 6.
Wang ranks Sage as the No. 7 ERP vendor based on 2008 revenue of about $1.9 billion.