February 18, 2018 6:08 AM ET

Internet Software and Services

Company Overview of New Relic, Inc.

Company Overview

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company’s cloud-based platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. 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, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Br...

188 Spear Street

Suite 1200

San Francisco, CA 94105

United States

Founded in 2007

1,253 Employees

Phone:

650-777-7600

Key Executives for New Relic, Inc.

CEO, Founder & Director
Age: 47
Total Annual Compensation: $315.0K
Chief Financial Officer
Age: 52
Total Annual Compensation: $325.0K
Chief Product Officer
Age: 47
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2017.

New Relic, Inc. Key Developments

New Relic, Inc. Announces New Integrations for New Relic Infrastructure

New Relic, Inc. announced new integrations for New Relic Infrastructure for services offered by Amazon Web Services (AWS), Microsoft Azure, and for the first time Google Cloud Platform (GCP). These new integrations are designed for customers to more easily observe and alert on the infrastructure resources critical to their application performance, and optimize their organization’s spend regardless of the cloud provider they choose. Now with over 40 integrations to cloud services and infrastructure components, New Relic Infrastructure helps operations teams understand the relationships between application behaviors, customer experiences, and infrastructure health in private data centers and public cloud services. In addition to the new integrations, New Relic Infrastructure now offers the ability for customers to filter and poll data by service type and region from the cloud service providers, enabling teams to instrument their entire infrastructure environment, focus their attention on critical services when necessary, and optimize their cloud spend.

New Relic, Inc. Announces Resignation of Robin Schulman as Vice President, General Counsel and Corporate Secretary, Effective February 16, 2018

On February 5, 2018, Robin Schulman notified to the New Relic, Inc. that she intended to resign as Vice President, General Counsel and Corporate Secretary effective February 16, 2018 in order to accept a chief legal officer role in a different company. Simultaneously with Ms. Schulman's resignation, the company and Ms. Schulman entered into a consulting agreement effective February 16, 2018. Pursuant to the consulting agreement, Ms. Schulman will serve in an advisory capacity regarding transition matters for a period until March 16, 2018.

New Relic, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2018; Revises Earnings Guidance for the Fiscal Year 2018; Provides Gross Margin Guidance for the Fiscal Year 2019

New Relic, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported revenue of $91,827,000, loss from operations of $7,987,000, loss before income taxes of $7,519,000, net loss of $7,729,000 or basic and diluted of $0.14, non-gaap income from operations of $2,679,000, non-gaap net income of $2,937,000 or non-gaap net income per share basic and diluted of $0.05 compared to the revenue of $68,096,000, loss from operations of $13,944,000, loss before income taxes of $13,920,000, net loss of $13,883,000 or basic and diluted of $0.27, non-gaap loss from operations of $4,923,000, non-gaap net loss of $4,862,000 or non-gaap net loss per share basic and diluted of $0.09 for the same quarter a year ago. For the year to date, the company reported revenue of $256,610,000, loss from operations of $39,276,000, loss before income taxes of $37,720,000, net loss of $38,354,000 or basic and diluted of $0.7, net cash provided by operating activities of $24,093,000, purchases of property and equipment of $17,577,000, non-gaap loss from operations of $6,249,000, non-gaap net loss of $5,327,000 or non-gaap net loss per share, basic and diluted of $0.10 compared to the revenue of $190,143,000, loss from operations of $46,277,000, loss before income taxes of $46,061,000, net loss of $46,084,000 or basic and diluted of $0.9, net cash provided by operating activities of $9,337,000, purchases of property and equipment of $16,601,000, non-gaap loss from operations of $19,667,000, non-gaap net loss of $19,474,000 or non-gaap net loss per share, basic and diluted of $0.38 for the same period a year ago. For the fourth quarter fiscal 2018, the company expects revenue to be between $95.0 million and $96.5 million, representing year-over-year growth of between 30% and 32%, respectively. Non-GAAP income from operations expected to be between $2.0 million and $3.0 million. Non-GAAP net income per diluted share expected to be between $0.04 and $0.05. Gross margin will likely remain between 83% and 84%. For the full year of fiscal 2018, the company expects revenue between $351.6 million and $353.1 million, representing year-over-year growth of between 33% and 34%, and an increase from prior guidance of between $346.5 million and $349.5 million that was issued on November 7, 2017. Non-GAAP loss from operations expected to be between $3.3 million and $4.3 million, an improvement from prior guidance of between $13.0 million and $14.0 million. Non-GAAP net loss per basic share expected to be between $0.04 and $0.06, an improvement from prior guidance of between $0.21 and $0.22. Cash from operations expected to be between $35 million and $40 million. The company expects physical capital expenditures to be at the low end of their unchanged $25 million to $28 million range. The company also assuming capitalized software of approximately $4 million for the full year. Combined, the company expects free cash flow to be between $5 million and $10 million, up from their prior expectation for between $3 million and $8 million for fiscal year 2018. The company expects a catch up in some of their Capex spending that will bring their gross margin back down towards 82%.

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