Stock Monitor: LivePerson Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 01, 2018 / Active-Investors.com has just released a free earnings report on New Relic, Inc. (NYSE: NEWR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NEWR. New Relic reported its third quarter fiscal 2018 operating and financial results on February 06, 2018. The cloud-based software analytics Company surpassed top- and bottom-line expectations and provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, New Relic most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the third quarter fiscal 2018, New Relic's revenue surged 35% to $91.83 million compared to revenue of $68.10 million in Q3 FY17. The Company's reported numbers topped analysts' estimates of $89.4 million.
During Q3 FY18, New Relic's GAAP loss from operations was $8.0 million compared to loss from operations of $13.9 million for Q3 FY17. The Company's non-GAAP income from operations was $2.7 million for the reported quarter versus a loss of $4.9 million for the year earlier comparable quarter.
For Q3 FY18, New Relic reported GAAP net loss of $7.73 million or 0.14 per diluted share, as compared to GAAP net loss of $13.88 million or $0.27 for Q3 FY17. The Company's non-GAAP net income earnings was $0.05 per diluted share for the reported quarter versus a loss of $0.09 per diluted share for the prior year's corresponding quarter. New Relic's earnings beat Wall Street's estimates for a loss of $0.08 per share.
New Relic's Paid Business Accounts as of December 31, 2017, were over 16,600 compared to over 14,900 as of December 31, 2016. The Company had $100K+ Paid Business Accounts as of December 31, 2017 of 629, compared to 478 as of December 31, 2016.
New Relic had 52% of annualized recurring revenue (ARR) from Enterprise Paid Business Accounts as of December 31, 2017, compared to 44% as of December 31, 2016. The Company's Dollar-Based Net Expansion Rate was 125% for Q3 FY18, in-line with Q3 FY17.
New Relic's cash, cash equivalents, and short-term investments were $233.0 million at the end Q3 FY18, compared to $227.5 million at the end of Q2 FY18. The Company's net cash provided by operating activities totaled $7.49 million for the reported period compared to $5.50 million for the year earlier same quarter.
For the fourth quarter fiscal 2018, New Relic is projecting revenue between $95.0 million and $96.5 million, representing y-o-y growth of between 30% and 32%, respectively. The Company is estimating non-GAAP income from operations of between $2.0 million and $3.0 million and non-GAAP net income per diluted share of between $0.04 and $0.05.
For fiscal 2018, New Relic is projecting revenue between $351.6 million and $353.1 million, representing y-o-y 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 07, 2017. The Company is estimating FY18 non-GAAP loss from operations of between $3.3 million and $4.3 million, an improvement from prior guidance of between $13.0 million and $14.0 million that was issued on November 07, 2017.
For FY18, New Relic is forecasting non-GAAP net loss per basic share of between $0.04 and $0.06, an improvement from prior guidance of between $0.21 and $0.22 that was issued on November 07, 2017.
Stock Performance Snapshot
February 28, 2018 - At Wednesday's closing bell, New Relic's stock advanced 1.11%, ending the trading session at $71.78.
Volume traded for the day: 347.71 thousand shares.
Stock performance in the last month – up 19.06%; previous three-month period – up 21.27%; past twelve-month period – up 104.04%; and year-to-date – up 24.25%
After yesterday's close, New Relic's market cap was at $3.87 billion.
The stock is part of the Technology sector, categorized under the Business Software & Services industry.
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