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New Relic Announces Fourth Quarter and Full Fiscal Year 2019 Results finance.yahoo.com
“FY19 was a very productive year for New Relic. Our focus on the high end of the market drove expansion within our enterprise customer base and contributed to top and bottom line results that exceeded our guidance ranges,” said Lew Cirne, CEO and founder of New Relic. “We are kicking off FY20 with the launch of New Relic One, the industry’s first entity-centric observability platform, designed to help our customers with complex environments find, visualize and understand everything they need to create more perfect software. New Relic One is also our platform for delivering brand new innovations to market -- and we expect to end the year with at least nine paid products.”
E-commerce platform Shopify has quietly made an acquisition to continue its expansion of the services and products that merchants can sell and purchase through its platform. It has acquired Handshake, a New York startup that offers a commerce platform for businesses that sell wholesale goods.
The opportunity that Handshake had identified, and now Shopify is targeting, is the area of the e-commerce market where brands and other merchants sell items wholesale, potentially alongside retail efforts also focused on consumers.
This is big business: a recent report found that B2B e-commerce sales in the U.S. alone passed $1 trillion for the first time in 2018. As with consumer-focused sales, platforms like Handshake’s offer merchants the ability to handle these sales directly, rather than handing off the sales to third-party marketplaces, where the merchant also needs to pay a commission to the third party and need to play by its rules. techcrunch.com
Analysts say this hot online company can compete with Amazon and will help others to do so too cnbc.com “At scale, Shopify expects fulfillment will allow merchants to deliver to 99% of the continental USA within two days or less, making it more competitive with Amazon,” Goldman Sachs said. “In our view, Shopify is getting to point at which breadth of product, vibrancy of partner ecosystem, and general retail scale will enable the firm to pull away at an exponential pace,” analysts at Canaccord said.
GOOSEHEAD INSURANCE, INC. ANNOUNCES SECOND QUARTER 2019 RESULTS ir.gooseheadinsurance.com - Revenues Grew 31% Over Prior-Year Period to $19.4 Million - - Total Written Premiums Placed Increased 46% Over Prior-Year Period - - Net Income Increased $26.7 Million Over Prior-Year-Period to $2.8 Million - - Adjusted EBITDA Rose 17% Over Prior-Year Period to $4.7 Million - - Total Franchises Grew 55% Over Prior-Year Period -