New Relic (NEWR) Tops Q3 EPS by 13c

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Go back to New Relic (NEWR) Tops Q3 EPS by 13c

New Relic Announces Third Quarter of Fiscal Year 2018 Results

February 6, 2018 4:05 PM EST

Revenue increased 35% year-over-year to $91.8 million

Narrows GAAP operating loss to $(8.0) million; Achieves Non-GAAP operating profitability of $2.7 million

SAN FRANCISCO--(BUSINESS WIRE)-- New Relic, Inc. (NYSE: NEWR), provider of real-time insights for software-driven businesses, today announced financial results for the third fiscal quarter ended December 31, 2017.

In the third quarter, we achieved some fantastic milestones as we reduced our GAAP operating loss to $(8.0) million and achieved non-GAAP profitability for the first time in our history and a quarter earlier than expected, said Lew Cirne, CEO and... More