New Relic published financial results for its first quarter in fiscal 2018 on Thursday, beating market expectations.
The digital intelligence firm posted a non-GAAP net loss of 9 cents per share, compared with a net loss of 20 cents per share in Q1 2017. First quarter revenues came to $80.1 million, growing 37 percent year-over-year.
Wall Street was expecting a non-GAAP loss of 13 cents per share on revenue of $78 million.
"Our strong first quarter results reflect our continued ability to add innovative and important enterprise brands to our growing base of paid business accounts with more than $100,000 in annualized recurring revenue," CEO Lew Cirne said in a statement. "We are uniquely positioned to help enterprises ensure the success of their digital initiatives, with real-time insights into the performance of their infrastructure, applications and customer experience."
For Q2, the company is expecting a non-GAAP net loss per share of between 9 cents and 11 cents on revenue between $81.8 million and $83.3 million.
Arista Networks reported second quarter non-GAAP earnings of $105.5 million, or $1.34 per diluted share, compared to non-GAAP net income of $53.7 million, or $0.74 per diluted share, Q2 2016. The company's revenue came to $405.2 million, up nearly 51 percent from a year prior.
Its results surpassed market expectations: Wall Street was looking for earnings of 95 cents on revenue of $360.4 million.
As for the outlook, Arista projected third quarter revenue between $405 and $420 million.
Open-source Hadoop vendor Hortonworks beat market expectations for Q2, with a non-GAAP net loss of $28.6 million, or 44 cents per share, compared to a non-GAAP net loss of 72 cents per share, for the same period last year.
Q2 revenue was $61.8 million, an increase of 42 percent compared to the second quarter of 2016.
Wall Street was expecting a loss of 49 cents on revenue of $57.4 million.
For the current quarter, Hortonworks expects revenue of $63 million.