New Relic (NEWR) Misses Q3 EPS by 3c, Guidance Misses
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New Relic Announces Third Quarter Fiscal Year 2022 Results
February 8, 2022 4:05 PM EST
Third quarter revenue increased 22% year-over-year to $204 million
Quarterly GAAP operating loss of $(52) million; Non-GAAP operating loss of $(11) million
SAN FRANCISCO--(BUSINESS WIRE)-- New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the third quarter of fiscal year 2022.
In our third quarter we re-accelerated revenue sequentially and year-over-year, surpassing the high end of our guidance, said New Relic CEO Bill Staples. Were executing well against our strategic priorities: weve successfully migrated 80% of our business to a consumption model one quarter... More
