New Relic, Inc. (NEWR) a software-as-a-service company, provides digital intelligence products worldwide. The companys cloud-based platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.
Very exciting to read the talk by the CEO:
https://finance.yahoo.com/news/edited-transcript-newr-earnings-conference-034231875.html
A nice writeup about New Relic on Seeking Alpha is here [2017.07.08]
https://seekingalpha.com/article/4086426-new-relic-relatively-unknown-gem
The revenue of this software company New Relic (NEWR) has been growing every quarter strongly, a bit like Wayfair.com .
It is hard to use traditional method to value it, it is just too much a growth company.
Buy some shares to keep monitoring it.