New Relic: Fiscal Q1 Earnings Snapshot

August 4, 2022 GMT

SAN FRANCISCO (AP) _ New Relic Inc. (NEWR) on Thursday reported a loss of $50.2 million in its fiscal first quarter.

The San Francisco-based company said it had a loss of 76 cents per share. Losses, adjusted for one-time gains and costs, came to 26 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.

The cloud-based software analytics company posted revenue of $216.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $212.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEWR at https://www.zacks.com/ap/NEWR