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New Relic showed some muscle in its first earnings report since the cloud software company made its initial public offering in December. The software maker late Thursday posted fiscal Q3 earnings and revenue that soundly beat analyst expectations, as it starts to compete more directly with larger rivals like Hewlett-Packard (HPQ) and IBM (IBM) in application performance management software. Its outlook also exceeded views. New Relic (NEWR) stock Scalper1 News
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