New Relic (NYSE: NEWR) reported Q3 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $124 million versus the consensus estimate of $120.11 million.

“Results for the third quarter exceeded our guidance ranges on both the top and bottom lines,” said Lew Cirne, CEO and founder, New Relic. “As enterprises continue to invest in strategic software projects to drive top-line growth, they are increasingly turning to New Relic’s platform for monitoring, managing and operating their digital business.”

Third Quarter Fiscal Year 2019 Financial Highlights*:

• Revenue of $124.0 million, compared to $91.8 million for the third quarter of fiscal 2018.
• GAAP loss from operations was $(8.5) million, compared to $(8.0) million for the third quarter of fiscal 2018.
• Non-GAAP income from operations was $7.8 million, compared to $2.7 million for the third quarter of fiscal 2018.
• GAAP net loss attributable to New Relic per basic share was $(0.18), compared to a loss of $(0.14) per basic share for the third quarter of fiscal 2018.
• Non-GAAP net income attributable to New Relic per diluted share was $0.19, compared to $0.05 per diluted share for the third quarter of fiscal 2018.
• Cash, cash equivalents and short-term investments were $722.3 million at the end of the third quarter of fiscal 2019, compared with $731.1 million at the end of the second quarter of fiscal 2019.

GUIDANCE:

New Relic sees Q4 2019 EPS of $0.04-$0.06, versus the consensus of $0.03. New Relic sees Q4 2019 revenue of $126.5-128.8 million, versus the consensus of $126.01 million.

New Relic sees FY2019 EPS of $0.58-$0.60, versus the consensus of $0.50. New Relic sees FY2019 revenue of $473.6-475.6 million, versus the consensus of $468.89 million.

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