New Relic, Inc. (NYSE:NEWR) Q2 2020 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 05:00 pm ET


New Relic, Inc. (NYSE:NEWR) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to New Relic Second Quarter Fiscal 2020 Earnings Conference Call. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].

I would now like to hand over the conference to your speaker today Tony Righetti with Investor Relations. Thank you. Please go ahead.

Tony Righetti

Thank you, operator. Good afternoon, and welcome to New Relic's second quarter fiscal year 2020 earnings conference call. Joining me today are New Relic's Founder and CEO, Lew Cirne, and CFO, Mark Sachleben. Today's conference call contains forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events, including financial projections and future market conditions, is a forward-looking statement. All information provided in this conference call is as of the date hereof and New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to our earnings release issued today, as well as the risks described in our most recent Form 10-Q and subsequent filings with the SEC. Copies of these documents may be obtained by visiting New Relic's Investor Relations website or the SEC's website.

Our commentary today will include non-GAAP financial measures, which we believe provide an additional tool for investors to use in evaluating ongoing operating results and trends. However, these measures cannot be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Reconciliations between GAAP and non-GAAP metrics for our reported results can be found in our earnings release issued today. At times, we may offer incremental metrics to provide greater insights into our business or results. This additional detail may be one-time in nature and we may, or may not, provide an update in the future on these metrics. I encourage you to visit the Investor Relations section of New Relic's website to access our earnings release issued today, supplemental materials that accompany our earnings release, periodic SEC reports, a webcast replay of today's call, or to learn more about New Relic.

With that, let me turn the call over to Lew.

Lew Cirne

Thank you, Tony and good afternoon, to everyone joining today's call. Since our beginning, New Relic's ambition has driven us to instrument the digital world and establish the standards by which all software and its impact can be measured and improved. While the first half of the year was challenging, I am pleased with the personal And steadfast focus demonstrated by our company over this period. This was evident in September at our future stack user conference, where we released advanced platform capabilities, New Relic logs, New Relic traces and New Relic metrics. We also added program ability to the New Relic one platform, which uses our customers and partners the ability to to build entirely new applications on top of the New Relic one platform, enabling them to integrate