New Relic posts $29M in revenue and 11,270 paying accounts in first-ever earnings report

New Relic, provider of a cloud service for tracking software performance and usage, is off to a respectable start following the end of its first quarter as a publicly traded company.

For the third quarter of its 2015 fiscal year — which ended on Dec. 31 — New Relic posted $29 million in revenue, with a non-GAAP net loss of 28 cents per share, according to the earnings statement it released today.

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That exceeds estimates from analysts, who were expecting $26.11 million in revenue and a non-GAAP net loss of 37 cents per share.

What’s more, the company is performing nicely when you look at where the company was at the end of 2013. For the third quarter of New Relic’s 2014 fiscal year, the company brought in $17.1 million in revenue. That means revenue is up 68 percent.

GAAP net loss is up year over year, too, though, from $11.9 million in the third quarter of New Relic’s 2014 fiscal year.

New Relic’s financials look decent quarter over quarter. Revenue is up 14 percent. In the quarter ending on Sept. 30, New Relic brought in $25.3 million in revenue.

The number of business accounts — 11,270 — is up quarter over quarter from 10,590.

Sales and marketing expenditures are still high at New Relic. It laid out $25.4 million for the quarter ending on Dec. 31. That’s 87.7 percent of the revenue New Relic received for the quarter.

San Francisco-based New Relic stock started trading on the New York Stock Exchange on Dec. 12 at $30.16 per share. The company raised $115 million in its initial public offering. The stock closed today at $35.85.

Besides going public last quarter, New Relic disclosed that it had made its first acquisition, buying dashboard software startup Ducksboard.

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