SOURCE: New Relic

New Relic

August 13, 2013 16:00 ET

New Relic Hits New Milestones With Another Disruptive Quarterly Growth Report

Active Customer Accounts Increases by 10,000+, Hitting the 50,000 Mark, and Revenue More Than Doubles

SAN FRANCISCO, CA--(Marketwired - Aug 13, 2013) - New Relic, Inc., the software analytics platform company, today announced yet another quarter of high growth in sales and revenue, countering industry reports of a macroeconomic slowdown for some areas of IT spending. New Relic more than doubled its year-over-year revenue with a 130 percent increase and reported a healthy 20 percent growth in revenue quarter-over-quarter. In terms of customers, quarterly growth for paying customers was 120 percent year-over-year, which included many key global enterprise customer wins for both web and mobile solutions. Among the new enterprise customers in Q2 are: BBC Worldwide, Disney-ABC Television, Ericsson, Ford and Sony.

Launched in late Q1, New Relic for Mobile Apps continued its momentum into Q2:

  • Added more than 100 paying customers in the first quarter
  • Now monitors more than 70 million end users monthly
  • Actively monitors more than 1,500 native mobile applications
  • Key customer wins for native mobile applications include: Disney-ABC Television Group, Intuit, Kabam, MeetMe, Newsday, RunKeeper, Sony and StumbleUpon

Closing out the quarter with a bang, New Relic disrupted the marketplace yet again with the launch of the New Relic Platform, a first-ever open SaaS Platform that lets developers monitor any component of the application stack with a single interface. When announced, 50 plugins, including AWS, MongoDB, and MySQL, were available on the New Relic Platform.

In less than a month:

  • More than 7,850 plugins were deployed
  • Customers using the plugins include: Atlassian, Dell, GE Corporate, Groupon, Mozilla, Zendesk and Zumba

Accomplishments in Q2:

  • Former Netscape CFO Peter Currie joined the New Relic board of directors
  • Agile development co-creator and Wiki Inventor Ward Cunningham joined the company's engineering team
  • New Relic strengthened its partnership with Microsoft at the //build // developer conference, announcing real time insights for the Windows Azure Cloud web site and mobile app offerings
  • Founder and CEO Lew Cirne was named Ernst & Young Entrepreneur of the Year 2013 Finalist for Northern California
  • Cirne was a keynote speaker at GlueCon 2013 and GigaOm Structure
  • New Relic was recognized twice by the San Francisco Times for the awards Tech and Innovation Company of the Year, and A Best Place to Work in the Bay Area
  • The company was selected as a 2013 OnDemand Top 100 Companies in the Cloud Management and Tools category

New Relic By the Numbers Today:

  • App Instances: Monitoring more than 2 million
  • Daily Metrics: Capturing more than 143 billion
  • Active Customer Accounts: 55,000 and counting

Supporting Quote:
"Virtually every modern business is a software business. The problem we solve is growing more complex every day as people are using software all over the world in lots of different ways -- through a web site or a mobile device. Software analytics that provide real time visibility into their customers' experience doesn't have to be complex or expensive. Delivered as service, our solution is available to anyone who needs it, whether they are a large enterprise with mobile app initiatives and multiple data centers and cloud providers or an entrepreneur with big plans for a new business. Our analytics are advanced and sophisticated, and yet, our interface and work flow is simple enough for anyone to use." - Lew Cirne, founder and CEO of New Relic

About New Relic
New Relic is a software analytics company that makes sense of billions of metrics about millions of applications in real time. Our comprehensive SaaS-based solution provides one powerful interface for web and native mobile applications and consolidates the performance monitoring data for any chosen technology in your environment. Our 55,000 customers use our cloud solution every day to optimize more than 143 billion metrics for 2 million applications. When your brand and customer experience depends on the performance of modern software, New Relic provides insight into your overall environment. Learn more at newrelic.com.

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