Netsuite 10-K 2011 FY Annual report

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors

NetSuite Inc.:

We consent to the incorporation by reference in the registration statements (Nos. 333-179467, 333-172245, 333-164864, 333-157307, 333-153039, and 333-148290) on Form S-8 of NetSuite Inc. of our report dated February 24, 2012, with respect to the consolidated balance sheets of NetSuite Inc. and subsidiaries as of December 31, 2011 and 2010, and the related consolidated statements of operations, total equity, and cash flows for each of the years in the three-year period ended December 31, 2011, the related financial statement schedule, and the effectiveness of internal control over financial reporting as of December 31, 2011, which report appears in the December 31, 2011 Annual Report on Form 10-K of NetSuite Inc.

Our report refers to a change in method of accounting for revenue arrangements with multiple deliverables.

/s/ KPMG LLP

Santa Clara, California

February 24, 2012