Actionable news
0
All posts from Actionable news
Actionable news in NEWR: NEW RELIC Inc,

New Relic Announces Second Quarter Of Fiscal Year 2016 Results

The following excerpt is from the company's SEC filing.

Revenue increased 69% year-over-year to $42.9 million in the second quarter

Dollar-based net expansion rate of 121%

San Francisco November 5, 2015

Software analytics company New Relic, Inc. (NYSE: NEWR) today announced financial results for the second fiscal quarter ended September 30, 2015.

We have seen continued strong adoption of the New Relic Software Analytics Cloud from organizations of all sizes who want real-time insights about their app performance, customer experience and business success, said Lew Cirne, CEO and founder, New Relic. And, next week at FutureStack15, we expect to bring together more than 1,000 of the worlds leading developers, IT experts, and technologists who are changing the world through software.

Second Quarter Fiscal 2016 Financial Highlights:

Revenue of $42.9 million, up 69% compared with the second quarter of fiscal 2015 and 13% from the first quarter of fiscal 2016.

GAAP loss from operations was $15.0 million for the second quarter of fiscal 2016, compared with GAAP loss from operations of $9.3 million for the second quarter of fiscal 2015. Non-GAAP loss from operations was $8.4 million for the second quarter of fiscal 2016, compared with non-GAAP loss from operations of $6.4 million for the second quarter of fiscal 2015.

GAAP net loss per share was $0.31 for the second quarter of fiscal 2016 based on 48.2 million weighted-average shares outstanding, compared with GAAP net loss per share of $0.58 for the second quarter of fiscal 2015 based on 15.9 million weighted-average shares outstanding. Non-GAAP net loss per share was $0.17 for the second quarter of fiscal 2016 based on 48.2 million non-GAAP weighted-average shares outstanding, compared with non-GAAP net loss per share of $0.15 for the second quarter of fiscal 2015 based on 40.7 million non-GAAP weighted-average shares outstanding.

Cash, cash equivalents and short-term investments were $189.0 million at the end of the second quarter of fiscal 2016, compared with $195.0 million at the end of the first quarter of fiscal 2016.

Customer Highlights:

As of September 30, 2015, total Paid Business Accounts were 12,840.

Dollar-Based Net Expansion Rate for the quarter ended September 30, 2015 was 121%.

New customers in the quarter included: Acxiom Corporation, FastCompany, Game Retail Ltd, KBM Group, Latina Media Ventures, Miami-Dade County Public Schools, MovieStarPlanet, Nu Skin Enterprises, Total Wine & More, TrueCar, Trustpower Limited and Yesmail.

Expanded customer relationships in the quarter included: Airbnb, Appirio, BrainTree, GameStop, MercadoLibre, Inc., MLB Advanced Media, Mulesoft, Petco, Reel Feed, Revionics, RTL Nederland, Salesforce, Schibsted Centralen AB, Surfline, Tabcorp Holdings Limited and zulily.

Second Quarter & Recent Business Highlights:

Acquired Opsmatic, Inc., a San Francisco-based startup focused on live-state infrastructure monitoring for modern DevOps teams.

Announced new features to specifically monitor development, pre-production and production application health and performance on

Amazon Web Services (AWS)

[ http://newrelic.com/press-release/20151006 ] Elastic Cloud Compute (EC2), as well as the achievement of AWS Partner Network Mobile Competency.

Expanded our

partnership with Magento

, to deliver critical performance analytics for retailers [ https://newrelic.com/press-release/20150819 ].

Announced Leadership Changes:

Named Jim Gochee

[ http://newrelic.com/press-release/20150820 ] to the newly created position of Chief Product Officer, responsible for the product, engineering and site operation teams.

Promoted Hilarie Koplow-McAdams

[ http://newrelic.com/press-release/20151001 ] to President, responsible for managing the companys complete go-to-market strategy.

Welcomed Robson Grieve to the company as Chief Marketing Officer to lead the companys marketing strategy.

Outlook:

New Relic is initiating its outlook for its third quarter of fiscal 2016, as well as updating guidance for the full fiscal year 2016.

Third Quarter Fiscal 2016 Outlook:

Revenue between $45.0 million and $46.0 million, representing year-over-year growth of between 55% and 58%.

Non-GAAP loss from operations of between $14.0 million and $15.0 million.

Non-GAAP net loss per share of between $0.29 and $0.31. This assumes 48.9 million non-GAAP weighted average common shares outstanding.

Full Year Fiscal 2016 Outlook:

Revenue between $174 million and $176 million, representing year-over-year growth of between 58% and 59%.

Non-GAAP loss from operations of between $44.0 million and $46.0 million.

Non-GAAP net loss per share of between $0.90 and $0.94. This assumes 48.9 million non-GAAP weighted average common shares outstanding.

Conference Call Details:

New Relic financial results for the second quarter of fiscal year 2016 and outlook for the third quarter of fiscal 2016 and the full year of fiscal 2016.

November 5, 2015 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).

Dial in:

To access the call in the U.S., please dial (877) 201-0168, and for international callers, please dial (647) 788-4901. Callers may provide confirmation number 51431392 to access the call more quickly, and are encouraged to dial into the call 10 to 15 minutes prior to the start to prevent any delay in joining.

Webcast:

http://ir.newrelic.com

(live and replay).

Replay:

Following the completion of the call through 11:59 PM Eastern Time on November 12, 2015, a telephone replay will be available by dialing (855) 859-2056 from the United States or (404) 537-3406 internationally with conference ID 51431392.

About New Relic

New Relic is a software analytics company that delivers real-time insights to more than 500,000 users and 12,000 paid business accounts. As a multi-tenant SaaS platform, the New Relic Software Analytics Cloud helps companies securely monitor their production software in virtually any environment, without having to build or maintain dedicated infrastructure...


More