New Relic (NEWR) Tops Q1 EPS by 12c

New Relic (NYSE: NEWR) reported Q1 EPS of $0.15, $0.12 better than the analyst estimate of $0.03. Revenue for the quarter came in at $163 million versus the consensus estimate of $159.4 million.

“Last week, we delivered the latest iteration of New Relic One, simplifying our full observability platform into three powerful products that will help our customers increase developer productivity by removing cost as a barrier to observability,” said Lew Cirne, CEO and founder, New Relic. “We believe this announcement truly differentiates our offering in the market, and most importantly demonstrates our commitment to serving the needs of modern software developers.”

GUIDANCE:

New Relic sees Q2 2021 EPS of ($0.03)-$0.02, versus the consensus of $0.04. New Relic sees Q2 2021 revenue of $163-164 million, versus the consensus of $162.9 million.

For earnings history and earnings-related data on New Relic (NEWR) click here.

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