New Relic sees revenue boost, enterprise growth and mobile-monitoring interest

Data Nerd Express_Lew Cirne

The application-performance management (APM) world has seen lots of action lately. Providers such as AppDynamics, AppNeta and New Relic have taken on hefty lots of venture funding this year.

That’s why it’s no surprise that New Relic — honing in on a public offering as soon as next year, CEO Lew Cirne has said — has strong revenue growth, customer growth and enterprise adoption in particular to report.

In the first quarter of 2013, the company posted 130 percent more revenue than in the first quarter of 2012, according to figures it provided to GigaOM, but it did not disclose actual dollar figures. Customer growth was up 134 percent, AND enterprise customer growth specifically came in 65 percent ahead year over year, it said. New Relic can also now call Comcast, General Electric and Saks Fifth Avenue its customers.

The mobile APM capability New Relic released last month has proven compelling to customers, judging by the early adoption that’s happened so far. More than 1,000 iOS and Android mobile apps are now being monitored through the New Relic mobile tool, including the Nike Running app and an app from the Wanelo social shopping site, said Patrick Moran, New Relic’s vice president of marketing.

Will New Relic add network monitoring, like competitor AppNeta? WIll AppNeta, AppDynamics, Compuware and others with APM offerings introduce new products, forcing New Relic’s hand? Or will New Relic just keep on keeping on with its current feature set? With more companies recognizing that real-time insight into performance helps devops respond more quickly and keep customers happy, there are plenty of topics for discussion as this market grows.

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