New Relic: Q4 Earnings Insights

New Relic NEWR reported its Q4 earnings results on Tuesday, May 23, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

New Relic beat estimated earnings by 90.91%, reporting an EPS of $0.42 versus an estimate of $0.22.

Revenue was up $36.74 million from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 18.46% increase in the share price the next day.

Here's a look at New Relic's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.15	-0.06	-0.36	-0.21
EPS Actual	0.32	0.13	-0.26	-0.24
Revenue Estimate	232.71M	221.52M	213.17M	204.52M
Revenue Actual	239.76M	226.91M	216.46M	205.75M

To track all earnings releases for New Relic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.