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New Relic shares pop after first earnings report since going public

Eugene Kim   

New Relic shares pop after first earnings report since going public
Enterprise1 min read

new relic ceo

New Relic

New Relic CEO Lew Cirne

New Relic shares are up almost 5% in after hour tradings following its first earnings report since going public in December. At one point, the stock was up 6% after hours.

The company, which makes software to help monitor the performance of web sites and applications, reported revenue of $29 million in the last quarter of 2014, up 69% from the same quarter last year, and slightly higher than estimates of $26.1 million.

Net loss in the last quarter was $0.28 per share (non-GAAP), which roundly beat estimates of $0.37 per share.

It raised $115 million when it went public in December, and its share price popped almost 50% on the first day of trading. Investors who held on after that have reason to be happy today.

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