New Relic

  • New Relic CEO On The Joy Of Not Being In “That Unicorn Bucket”

    New Relic CEO On The Joy Of Not Being In “That Unicorn Bucket”

    Lew Cirne, founder and CEO of the seven-year-old software analytics company New Relic, has a lot for which to be thankful. Near the very top of his list? The fact that New Relic went public a year ago, after raising roughly $214 million from investors. (Its market cap is currently $1.78 billion.) We talked earlier today about what’s keeping so many other companies from doing the same. Read More

  • New Relic Now Lets Developers Dive Deeper Into Their Analytics

    New Relic Now Lets Developers Dive Deeper Into Their Analytics

    New Relic is launching a new analytics component for its application and server monitoring suite today that allows developers to drill even deeper into the data their code (and users) generate. The New Relic Software Analytics Cloud is now available to all paying New Relic customers. New Relic’s VP of product management Patrick Lightbody told me the team realized that basic monitoring… Read More

  • New Relic Acquires Cloud Infrastructure Monitoring Service Opsmatic

    New Relic Acquires Cloud Infrastructure Monitoring Service Opsmatic

    The application monitoring service New Relic today announced better-than-expected quarterly earnings, but in addition, it also today disclosed that it has acquired the cloud infrastructure monitoring company Opsmatic. New Relic mostly focuses on giving insight into how well their applications are performing on their servers. Opsmatic takes a similar approach, but its focus is more on the… Read More

  • New Relic Beats In Its FQ2 With Revenue Of $42.9M, And A Lower-Than-Expected Per-Share Loss Of $0.17

    New Relic Beats In Its FQ2 With Revenue Of $42.9M, And A Lower-Than-Expected Per-Share Loss Of $0.17

    Today following the bell, New Relic reported the results of the second quarter of its fiscal 2016, including an adjusted per-share loss of $0.17, off revenue of $42.9 million. The street had expected New Relic to lose an adjusted $0.22, on revenue of $41.20 million. The firm, down over a point in regular trading, is essentially unmoved in after-hours trading. Using normal accounting… Read More

  • AppDynamics, A “Unicorn,” Raises Fresh $83.4 Million, And It’s Targeting More

    AppDynamics, A “Unicorn,” Raises Fresh $83.4 Million, And It’s Targeting More

    Looks like investors approve of former Adobe digital chief David Wadhwani. Just weeks after it was announced that Wadhwani has joined seven-year-old, San Francisco-based AppDynamics as its new CEO, an SEC filing shows the company has raised a fresh $83.4 million in funding as part of a round that’s targeting up to $150 million. AppDynamics makes software to monitor the performance… Read More

  • New Relic Posts Strong FQ1 Revenue, Beats On Profit And Guides Above Street Expectations

    New Relic Posts Strong FQ1 Revenue, Beats On Profit And Guides Above Street Expectations

    New Relic reported its first quarter, fiscal 2016 performance today, including better-than-expected revenue, and lower-than-expected per-share loss. While the latter clause is correct, it’s worth noting that on either a normal (GAAP) and adjusted (non-GAAP) basis, New Relic lost more in its most recent quarter than it did in the comparable year-ago period. However, due to changes in… Read More

  • The New Rules Of Going Public

    The New Rules Of Going Public

    According to a recent report, Twilio wants to go public. Twilio, a company that provides software-based communications tools for developers, closed out 2014 on a $100 million annual run rate. Or, put another way, Twilio brought in just over $8 million in top line last December. Box, New Relic and Hortonworks each recently proved that the IPO window is open and that investors have an appetite… Read More

  • A Relic, An Iron And The King Dish Their Financial Results To Wall Street

    A Relic, An Iron And The King Dish Their Financial Results To Wall Street

    It’s earnings season, which puts a bright light on newly and recently public technology firms’ performances. Given that 2015 is widely expected to be an active year for IPOs, how are the new kids doing? Let’s take a look at New Relic, the most recently public; MobileIron, the middle child; and King, which, of the three, has been public the longest. Read More

  • New Relic And Hortonworks See Strong Public Debuts

    New Relic And Hortonworks See Strong Public Debuts

    In early trading, New Relic’s shares are up 31 percent in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. Update: Hortonworks has opened to a massive gain of more than 40 percent as well. For tech IPOs, today is a huge day. The two companies are trading on different exchanges, with New Relic selecting the NYSE, and… Read More