New Relic Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of 23 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 29 cents per share.
The per-share loss decreased 46.8% year over year from 44 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $11.4 million, compared with a loss of $10.0 million in the year-earlier period.
The normalized profit margin climbed to negative 23.9% from negative 34.5% in the year-earlier period.
Total revenue increased 64.5% on an annual basis to $47.7 million from $29.0 million, and total operating expenses increased 47.7% on an annual basis to $66.0 million from $44.7 million.
Reported net income came to a loss of $18.4 million, or a loss of 37 cents per share, compared to a loss of $15.9 million, or a loss of 70 cents per share, in the year-earlier period.
