NetSuite, an up-and-coming challenger to Salesforce.com in the cloud-based ERP software market, also offered an upbeat earnings report, announcing on Thursday that revenue for the second quarter was $74.7 million, up 29 percent year over year. Subscription and support revenue was $61.0 million, a 27 percent year-over-year increase. Excluding one-time charges, net income for the second quarter was $4.8 million, compared with net income of $1.6 million a year earlier.

NetSuite shares jumped $7.53 on Friday to close at $56.75.

On the smartphone front, that thanks in large part to its mobile phone business, quarterly profit skyrocketed 48 percent year over year to 5.19 trillion won (US$4.5 billion), while revenue was up 21 percent to 47.6 trillion won.

Samsung shipped 50.5 million smartphones in the quarter, more than double from a year earlier, compared with 26 million by Apple, according to a Friday.

Apple itself on Tuesday year over year to 26 million units. IPad sales increased 84 percent year over year to 17 million units. Sales of Macs, however, increased only 2 percent year over year to 4 million. The results are in line with reports from other vendors this quarter that show tablets and mobile Internet-connected devices booming while PC sales stay flat.