December 03, 2016 11:51 AM ET

Internet Software and Services

Company Overview of New Relic, Inc.

Company Overview

New Relic, Inc., a software-as-a-service company, provides software analytics products worldwide. The company’s cloud-based platform and suite of products enables organizations to collect, store, and analyze software data in real time. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Servers for the visibi...

188 Spear Street

Suite 1200

San Francisco, CA 94105

United States

Founded in 2007

1,013 Employees

Phone:

650-777-7600

Key Executives for New Relic, Inc.

Founder, Chief Executive Officer and Director
Age: 46
Total Annual Compensation: $300.0K
President
Age: 52
Total Annual Compensation: $300.0K
Chief Financial Officer
Age: 51
Total Annual Compensation: $300.0K
Chief Product Officer
Age: 46
Total Annual Compensation: $285.8K
Chief Compliance & Privacy Officer, General Counsel, Vice President and Corporate Secretary
Age: 43
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2016.

New Relic, Inc. Key Developments

Sumo Logic and New Relic, Inc. Announce Partnership to Provide Unified View of Modern Software Performance and Business Outcomes

New Relic, Inc. and Sumo Logic launched a new partnership in order to combine machine data analytics with application and infrastructure performance data in New Relic Insights’ powerful analytics and dashboarding platform. The integration is designed to help joint customers use the New Relic Digital Intelligence Platform for visualizing the impact of software performance on customer experience and business outcomes. The combination of Sumo Logic machine data analytics with New Relic’s full-stack visibility would provide joint customers with a complete picture of what’s happening with their users, applications, and instances. Both companies also now offer products on the new AWS Marketplace SaaS Subscriptions offering. The marketplace makes it even easier for Amazon Web Services (AWS) customers to have deep, real-time visibility into their dynamic cloud and hybrid infrastructure with New Relic Infrastructure and Sumo Logic, by having unified billing through their existing AWS account.

New Relic, Inc. Offers New Relic Infrastructure Offering on AWS Marketplace

New Relic, Inc. announced that its New Relic Infrastructure offering is now available on AWS Marketplace. Starting from November 16, 2016, Amazon Web Services (AWS) customers will be able to purchase New Relic Infrastructure directly through AWS Marketplace, making it even easier for operations teams to adopt and monitor the cloud.

New Relic, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016; Provides Earnings Guidance for the Third Quarter and Fiscal 2017

New Relic, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported revenue of USD 63,440,000 against USD 42,928,000 a year ago. Loss from operations was USD 14,294,000 against USD 14,965,000 a year ago. Loss before income taxes was USD 14,191,000 against USD 14,860,000 a year ago. Net loss was USD 14,130,000 or USD 0.28 per basic and diluted share against USD 14,819,000 or USD 0.31 per basic and diluted share a year ago. Non-GAAP loss from operations was USD 4,944,000 against USD 8,416,000 a year ago. Non-GAAP net loss was USD 4,780,000 or USD 0.09 per basic and diluted share against USD 8,270,000 or USD 0.17 per basic and diluted share a year ago. For the six months, the company reported revenue of USD 122,047,000 against USD 81,073,000 a year ago. Loss from operations was USD 32,333,000 against USD 30,107,000 a year ago. Loss before income taxes was USD 32,141,000 against USD 29,877,000 a year ago. Net loss was USD 32,201,000 or USD 0.63 per basic and diluted share against USD 29,938,000 or USD 0.63 per basic and diluted share a year ago. Net cash provided by operating activities was USD 3,837,000 against net cash used in operating activities of USD 4,129,000 a year ago. Purchases of property and equipment were USD 8,490,000 against USD 6,608,000 a year ago. Capitalized software development costs were USD 1,733,000 against USD 4,096,000 a year ago. Non-GAAP loss from operations was USD 14,744,000 against USD 18,529,000 a year ago. Non-GAAP net loss was USD 14,612,000 or USD 0.29 per basic and diluted share against USD 18,360,000 or USD 0.39 per basic and diluted share a year ago. For the third quarter of fiscal 2017, the company expects revenue between USD 65.5 million and USD 66.5 million, representing year-over-year growth of between 37% and 39%. Non-GAAP loss from operations of between USD 7.2 million and USD 8.2 million. Non-GAAP net loss per share of between USD 0.14 and USD 0.16. This assumes 52.4 million weighted average common shares outstanding. For the fiscal 2017, the company expects revenue between USD 255.0 million and USD 258.0 million, representing year-over-year growth of between 41% and 42%. Non-GAAP loss from operations of between USD 30.5 million and USD 32.5 million. Non-GAAP net loss per share of between USD 0.58 and USD 0.62. This assumes 52.2 million non-GAAP weighted average common shares outstanding.

Similar Private Companies By Industry

Company Name Region
"Atlantic Tele-Satellite, Inc. United States
.Club Domains LLC United States
.Comdaq Corporation United States
@Court United States
0 Food Waste LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact New Relic, Inc., please visit www.newrelic.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.