New Relic Reports Financial Results for First Quarter 2015 

SAN FRANCISCO, Calif., Aug. 7 -- Software analytics company New Relic, Inc. has announced financial results for the first fiscal quarter ended June 30, 2015.

"New Relic is helping lead the shift of the software analytics market to SaaS, as customers recognize the benefits from our New Relic Software Analytics Cloud," said Lew Cirne, CEO and founder, New Relic. "As we believe our results from the quarter demonstrate, companies of all sizes continue to trust the success of their digital initiatives to New Relic. Together, we're winning the war on bad software."

First Quarter Fiscal 2016 Financial Highlights:

• Revenue of $38.1 million, up 69% compared with the first quarter of fiscal 2015 and 14% from the fourth quarter of fiscal 2015.
• GAAP loss from operations was $15.1 million for the first quarter of fiscal 2016, compared with GAAP loss from operations of $10.3 million for the first quarter of fiscal 2015. Non-GAAP loss from operations was $10.1 million for the first quarter of fiscal 2016, compared with non-GAAP loss from operations of $7.9 million for the first quarter of fiscal 2015.
• GAAP net loss per share was $0.32 for the first quarter of fiscal 2016 based on 47.2 million weighted-average shares outstanding, compared with GAAP net loss per share of $0.65 for the first quarter of fiscal 2015 based on 15.8 million weighted-average shares outstanding. Non-GAAP net loss per share was $0.21 for the first quarter of fiscal 2016 based on 47.2 million non-GAAP weighted-average shares outstanding, compared with non-GAAP net loss per share of $0.19 for the first quarter of fiscal 2015 based on 40.6 million non-GAAP weighted-average shares outstanding.
• Cash, cash equivalents and short-term investments were $195.0 million at the end of the first quarter of fiscal 2016, compared with $200.8 million at the end of the fourth quarter of fiscal 2015.

Customer Highlights:

• As of June 30, 2015, total Paid Business Accounts were 12,440.
• Dollar-Based Net Expansion Rate for the quarter ended June 30, 2015 was 130%.
• New customers in the quarter included: ABOL Software, Buongiorno SpA, CarSales.com.au, Charles Tyrwhitt, Cvent, Fox Sports, MultiPlus SA, Pipedrive, RBM Technologies, Shutterstock, SlingTV and Univision.
• Expanded customer relationships in the quarter included: 23andme, AOL Inc., Confused.com, Cox Media Group, GoDaddy, Hearst Corporation, HomeAway, News Corp., Nextdoor, One Kings Lane, OpenJaw Technologies, Ping Identity, Ryanair, Urban Outfitters and Westfield Labs.

First Quarter & Recent Business Highlights:

• Launched the general availability of our Docker monitoring solution, also selected by Docker as part of its Ecosystem Technology Partner program.
• Expanded the New Relic Software Analytics Cloud to more dynamically monitor Microservices through re-imagined Service Maps and a new Alerting platform.
• Announced a new European Development Center in Barcelona, one of several growth initiatives across Europe.
• Joined Cloud Foundry Foundation, enabling Cloud Foundry users to take advantage of the New Relic Software Analytics Cloud to build modern applications.
• Partnered with Salesforce.com, joining their Analytics Cloud Partner Ecosystem, to help companies better understand how customers are engaging with their digital brand.

Outlook:

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

• Second Quarter Fiscal 2016 Outlook:
  • Revenue between $40.2 million and $41.2 million, representing year-over-year growth of between 59% and 62%.
  • Non-GAAP loss from operations of between $10.5 million and $11.5 million.
  • Non-GAAP net loss per share of between $0.22 and $0.24. This assumes 48.1 million non-GAAP weighted average common shares outstanding.
• Full Year Fiscal 2016 Outlook:
  • Revenue between $168 million and $171 million, representing year-over-year growth of between 52% and 55%.
  • Non-GAAP loss from operations of between $44.5 million and $47.5 million.
  • Non-GAAP net loss per share of between $0.91 and $0.97. This assumes 49.0 million non-GAAP weighted average common shares outstanding.

About New Relic

New Relic is a software analytics company that makes sense of billions of data points about millions of applications in real time. New Relic’s comprehensive SaaS-based solution provides one powerful interface for web and native mobile applications and consolidates the performance monitoring data for any chosen technology in your environment. More than 500,000 users and 12,000 paid business accounts trust New Relic to tap into the billions of real-time metrics from inside their production software -- and provide answers to their important business questions. When your brand and customer experience depend on the performance of modern software, New Relic provides insight into your overall environment. Learn more at newrelic.com.

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Source: New Relic