New Relic -4.6% on light profit guidance

|About: New Relic, Inc. (NEWR)|By:, SA News Editor

New Relic (NYSE:NEWR) has slipped 4.6% postmarket after a Q4 report where it topped consensus but guided to the light side for profits for the current quarter and year.

Revenues grew 34.2% and gross profit grew 34.5%, to $110.4M.

But operating expenses rose 40% and operating loss widened to $15.4M from $7.5M. Net loss grew to $17.4M from a loss of $6.97M.

The company notes it had 858 paid business accounts of $100K-0lus, vs. 703 a year ago, and that it saw 61% of annual recurring revenue from Enterprise Paid Business Accounts vs. a year-ago 54%.

Liquidity was $744.7M, vs. $722.3M last quarter.

For Q1, it's guiding to revenue of $138M-$140M (vs. $138.6M consensus) and EPS of $0.07-$0.08 (light of expectations for $0.19).

For the full year, it forecasts revenue of $600M-$607M (vs. $601.7M consensus) and EPS of $0.54-$0.62 (below expectations for $0.86).

Conference call to come at 5 p.m. ET.

Previously: New Relic beats by $0.07, beats on revenue (May. 14 2019)

Press release

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