New Relic First Quarter Earnings

[mekong22]

New Relic announced after market close

https://finance.yahoo.com/news/relic-announces-first-quarter…

First Quarter 2019 Financial Highlights*:

Revenue of $108.2 million, compared to $80.1 million for the first quarter of fiscal 2018.
GAAP loss from operations was $(3.6) million for the first quarter of fiscal 2019, compared to $(16.4) million for the first quarter of fiscal 2018.
Non-GAAP income from operations was $8.7 million for the first quarter of fiscal 2019, compared to a loss of $(5.4) million for the first quarter of fiscal 2018.
GAAP net loss per basic share was $(0.10) for the first quarter of fiscal 2019, compared to $(0.30) for the first quarter of fiscal 2018.
Non-GAAP net income per diluted share was $0.15 for the first quarter of fiscal 2019, compared to a loss of $(0.09) per basic share for the first quarter of fiscal 2018.
Cash, cash equivalents and short-term investments were $720.9 million at the end of the first quarter of fiscal 2019, compared with $247.9 million at the end of the fourth quarter of fiscal 2018.

After hours stock price had moved up about 3% initially but has settled down to about +1%, $105.00 as of now

-mekong

[mauser96]

Full Year Fiscal 2019 Outlook:
? Revenue between $457.5 million and $462.5 million, representing year-over-year growth of between 29% and 30%, and an increase from prior guidance of between $452.0 million and $458.0 million that was issued on May 8, 2018.

https://www.businesswire.com/news/home/20180807005848/en/New…

[Rizzz]

30% growth doesn’t seem very Saul like. There was a post last quarter about his holdings averaging 52% top line growth.