New Relic (NEWR) 10-Q 6 Nov 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	NEWR
Entity Registrant Name	NEW RELIC, INC.
Entity Central Index Key	1,448,056
Current Fiscal Year End Date	--03-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		48,689,095

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 68,796	$ 105,257
Short-term investments	120,225	95,503
Accounts receivable, net of allowance for doubtful accounts of $422 and $282, respectively	20,684	13,813
Prepaid expenses and other current assets	8,273	4,299
Total current assets	217,978	218,872
Property and equipment, net	40,621	35,397
Restricted cash	8,023	4,623
Goodwill	2,053	2,053
Intangible assets, net	1,802	2,300
Other assets, non-current	1,638	1,466
Total assets	272,115	264,711
Current liabilities:
Accounts payable	5,584	4,969
Accrued compensation and benefits	7,483	6,288
Other current liabilities	5,165	3,623
Deferred revenue	42,041	29,185
Total current liabilities	60,273	44,065
Deferred rent, non-current	4,775	4,638
Deferred revenue, non-current	3,344	124
Other liabilities, non-current	708	1,014
Total liabilities	$ 69,100	$ 49,841
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock, $0.001 par value; 100,000 shares authorized at September 30, 2015 and March 31, 2015; 48,779 shares and 47,377 shares issued at September 30, 2015 and March 31, 2015; and 48,519 shares and 47,117 shares outstanding at September 30, 2015 and March 31, 2015;	$ 49	$ 47
Treasury stock - at cost (260 shares)	(263)	(263)
Additional paid-in capital	364,725	346,671
Accumulated other comprehensive income	42	15
Accumulated deficit	(161,538)	(131,600)
Total stockholders' equity	203,015	214,870
Total liabilities and stockholders' equity	$ 272,115	$ 264,711

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 422	$ 282
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,779,000	47,377,000
Common stock, shares outstanding	48,519,000	47,117,000
Treasury stock, shares	260,000	260,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 42,928	$ 25,361	$ 81,073	$ 47,974
Cost of revenue	8,952	5,029	16,818	9,061
Gross profit	33,976	20,332	64,255	38,913
Operating expenses:
Research and development	10,616	5,336	19,370	10,248
Sales and marketing	29,365	19,019	58,048	37,635
General and administrative	8,960	5,249	16,944	10,609
Total operating expenses	48,941	29,604	94,362	58,492
Loss from operations	(14,965)	(9,272)	(30,107)	(19,579)
Other income (expense):
Interest income	149	7	290	12
Interest expense	(13)	(14)	(27)	(29)
Other income (expense), net	(31)	67	(33)	201
Loss before income taxes	(14,860)	(9,212)	(29,877)	(19,395)
Income tax provision (benefit)	(41)		61
Net loss	$ (14,819)	$ (9,212)	$ (29,938)	$ (19,395)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.31)	$ (0.58)	$ (0.63)	$ (1.22)
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted	48,150	15,929	47,523	15,917

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (14,819)	$ (9,212)	$ (29,938)	$ (19,395)
Other comprehensive income:
Unrealized gain on available-for-sale securities, net of tax	52		27
Comprehensive loss	$ (14,767)	$ (9,212)	$ (29,911)	$ (19,395)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss	$ (29,938)	$ (19,395)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	7,017	3,490
Stock-based compensation expense	10,247	4,166
Other	700	(89)
Changes in operating assets and liabilities:
Accounts receivable	(7,166)	(3,397)
Prepaid expenses and other assets	(3,809)	(3,495)
Accounts payable	133	(572)
Accrued compensation and benefits and other liabilities	2,454	717
Deferred rent	157	30
Deferred revenue	16,076	5,371
Net cash used in operating activities	(4,129)	(13,174)
Cash flows from investing activities:
Purchases of property and equipment	(6,608)	(5,739)
Down payment for property and equipment		(180)
Increase in restricted cash	(3,400)	(27)
Purchases of short-term investments	(53,422)
Proceeds from sale and maturity of short-term investments	28,350
Capitalized software development costs	(4,096)	(4,443)
Net cash used in investing activities	(39,176)	(10,389)
Cash flows from financing activities:
Proceeds from issuances of preferred stock, net of issuance costs		97,243
Payment of costs related to initial public offering		(1,330)
Proceeds from issuance of common stock	6,844	567
Net cash provided by financing activities	6,844	96,480
Net increase (decrease) in cash and cash equivalents	(36,461)	72,917
Cash and cash equivalents, beginning of period	105,257	19,453
Cash and cash equivalents, end of period	68,796	92,370
Supplemental disclosure of cash flow information:
Cash paid for interest	76	52
Noncash investing and financing activities:
Property and equipment purchased but not paid yet	$ 900	725
Accrued initial public offering costs		$ 213

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	1. Description of Business and Summary of Significant Accounting Policies Description of Business Basis of Presentation In the opinion of management, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending March 31, 2016. The condensed consolidated balance sheet as of March 31, 2015 included herein was derived from the audited financial statements as of that date. Initial Public Offering The sale of common stock in the IPO triggered the weighted average anti-dilution provisions set forth in the Company’s amended and restated certificate of incorporation. At the IPO price of $23.00 per share, the per share conversion rate for the Company’s Series F convertible preferred stock into common stock was approximately 1:1.02. The conversion rate for the Company’s Series A, Series B, Series C, Series D, and Series E convertible preferred stock was 1:1. As a result of the IPO, the 24,813,343 shares of the Company’s convertible preferred stock outstanding automatically converted into 24,885,778 shares of the Company’s common stock. Use of Estimates Concentration of Risk Short-term Investments Business Combinations Goodwill Intangible Assets Recent Accounting Pronouncements In August 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement

Business Combination

Business Combination	6 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination	2. Business Combination In October 2014, the Company closed the acquisition of Few Ducks, S.L., (“Ducksboard”), a provider of real-time dashboards for tracking business metrics from a broad set of application sources, pursuant to which the Company acquired all of the capital stock of Ducksboard for 121,493 shares of the Company’s common stock, of which 108,234 shares were issued as of September 30, 2015 and up to 13,259 shares will be released on the twelve month anniversary of the closing date, and $2.3 million in cash resulting in an aggregate purchase price of $4.2 million. Of the total purchase price, $2.1 million was allocated to goodwill, $2.8 million to identifiable intangible assets, and $0.7 million to net liabilities assumed. The addition of the Ducksboard technology complements the Company’s visualization expertise and the Company believes it will readily expand the sources of data that are available to customers via the Company’s Software Analytics data cloud. The Company accounted for the acquisition of Ducksboard as a purchase of a business. Goodwill generated from the acquisition is attributable to expected synergies from future growth and potential future monetization opportunities, and is not deductible for tax purposes. Pro forma revenue and results of operations have not been presented because the historical results of Ducksboard were not material to the Company’s condensed consolidated financial statements in any period presented. In connection with the acquisition, the Company may also issue 128,507 shares of its common stock to certain former employees of Ducksboard, contingent upon their continuous employment with the Company. From the date of acquisition, compensation expense is recorded ratably over the respective service period of three years.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. Fair Value Measurements The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2015 and March 31, 2015 based on the three-tier fair value hierarchy (in thousands): Fair Value Measurements as of September 30, 2015 Level 1 Level 2 Level 3 Total Description: Money market funds $ 36,126 $ — $ — $ 36,126 Commercial paper — 1,700 — 1,700 Corporate notes and bonds — 32,904 — 32,904 U.S. treasury securities 2,299 — — 2,299 U.S. government agencies — 88,123 — 88,123 Restricted cash - money market funds 8,023 — — 8,023 Total $ 46,448 $ 122,727 $ — $ 169,175 Included in cash and cash equivalents $ 40,927 Included in short-term investments $ 120,225 Included in restricted cash $ 8,023 Fair Value Measurements as of March 31, 2015 Level 1 Level 2 Level 3 Total Description: Money market funds $ 56,455 $ — $ — $ 56,455 Certificates of deposit — 1,800 — 1,800 Commercial paper — 30,288 — 30,288 Corporate notes and bonds — 38,715 — 38,715 U.S. treasury securities 500 — — 500 U.S. government agencies — 33,199 — 33,199 Restricted cash - money market funds 4,623 — — 4,623 Total $ 61,578 $ 104,002 $ — $ 165,580 Included in cash and cash equivalents $ 65,454 Included in short-term investments $ 95,503 Included in restricted cash $ 4,623 There were no transfers between fair value measurement levels during the three and six months ended September 30, 2015. In September 2015, the Company executed a $3.4 million letter of credit in connection with a lease signed in June 2015. The cash collateralized letter of credit is classified as restricted cash on the condensed consolidated balance sheet as of September 30, 2015. Level 3 instruments in prior periods consisted solely of the Company’s preferred stock warrant liability. Prior to the Company’s IPO, outstanding warrants to purchase shares of the Company’s Series A and Series D convertible preferred stock were classified as other liabilities. The initial liability recorded was adjusted for changes in the fair values of the Company’s preferred stock warrants during each reporting period and was recorded as a component of other income (expense), net in the statement of operations. The Company estimated the fair values of these warrants using the Black-Scholes option-pricing model, based on the inputs for the estimated fair value of the underlying convertible preferred stock at the valuation measurement date, the remaining contractual term of the warrant, risk-free interest rates, expected dividend rates and expected volatility of the price of the underlying convertible preferred stock. These estimates were based on subjective assumptions. During the three and six months ended September 30, 2014, the Company recognized income in the amount of $0.2 million and $0.3 million, respectively, which was recorded as other income in the Company’s condensed consolidated statements of operations. Upon the closing of the IPO in December 2014, the Company ceased recording any further related periodic fair value adjustments. Gross unrealized gains or losses for cash equivalents and available-for-sale marketable securities as of September 30, 2015 and March 31, 2015 were not material. As of September 30, 2015 and March 31, 2015, there were no securities that were in an unrealized loss position for more than 12 months. The following table classifies the Company’s available-for-sale short-term investments by contractual maturities as of September 30, 2015 and March 31, 2015 (in thousands): September 30, March 31, Due in one year $ 87,562 $ 53,287 Due in one to two years 32,663 42,216 Total $ 120,225 $ 95,503 For certain other financial instruments, including accounts receivable, accounts payable and other current liabilities, the carrying amounts approximate their fair value due to the relatively short maturity of these balances.

Property and Equipment

Property and Equipment	6 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	4. Property and Equipment Property and equipment, net, consisted of the following (in thousands): September 30, March 31, Computers, software, and equipment $ 3,771 $ 2,985 Site operation equipment 11,638 6,383 Furniture and fixtures 905 868 Leasehold improvements 21,448 20,513 Capitalized software development costs 26,101 21,402 Total property and equipment 63,863 52,151 Less: accumulated depreciation and amortization (23,242 ) (16,754 ) Total property and equipment, net $ 40,621 $ 35,397 Depreciation and amortization expense related to property and equipment was $3.5 million and $1.9 million for the three months ended September 30, 2015 and 2014, respectively, and $6.5 million and $3.5 million for the six months ended September 30, 2015 and 2014, respectively.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangibles Assets	6 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Purchased Intangibles Assets	5. Goodwill and Purchased Intangibles Assets There were no changes to the carrying amount of goodwill for the three and six months ended September 30, 2015. Purchased intangible assets subject to amortization as of September 30, 2015 consist of the following (in thousands): Gross Carrying Accumulated Net Carrying Remaining (In years) Developed technology $ 2,400 $ (800 ) $ 1,600 2.00 Customer relationships 100 (49 ) 51 1.00 Other intangible assets 300 (149 ) 151 1.00 $ 2,800 $ (998 ) $ 1,802 Purchased intangible assets subject to amortization as of March 31, 2015 consist of the following (in thousands): Gross Carrying Accumulated Net Carrying Remaining (In years) Developed technology $ 2,400 $ (400 ) $ 2,000 2.50 Customer relationships 100 (25 ) 75 1.50 Other intangible assets 300 (75 ) 225 1.50 $ 2,800 $ (500 ) $ 2,300 Amortization expense of purchased intangible assets for the three and six months ended September 30, 2015 was $0.2 million and $0.5 million, respectively. No amortization expense was recorded for the three and six months ended September 30, 2014. Estimated future amortization expense as of September 30, 2015 is as follows (in thousands): 2016 (remaining 6 months) $ 502 2017 900 2018 400 2019 and thereafter — $ 1,802

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Leases In June 2015, the Company entered into an eight-year lease with respect to office space within a building located in San Francisco, California, pursuant to which the Company will initially lease approximately 14,067 square feet on November 1, 2015 and then lease an additional approximately 42,201 square feet on June 1, 2016. Deferred Rent Rent expense, net of sublease income, for operating leases was $1.7 million and $1.3 million for the three months ended September 30, 2015 and 2014, respectively, and $3.0 million and $2.6 million for the six months ended September 30, 2015 and 2014, respectively. Future minimum lease payments under non-cancelable operating leases as of September 30, 2015 were as follows (in thousands): Years Ending March 31, Operating Leases 2016 (remaining 6 months) $ 3,364 2017 8,446 2018 10,255 2019 10,456 2020 10,746 Thereafter 22,952 Total minimum future lease payments $ 66,219 Purchase Commitments Legal Proceedings On November 5, 2012, CA, Inc. filed suit against the Company in the United States District Court, Eastern District of New York for alleged patent infringement. CA, Inc.’s complaint against the Company claims that certain aspects of the Company’s products infringe certain patents held by CA, Inc. Discovery is complete in the case, and the court has ruled on summary judgment motions filed by both parties. A trial date has not been set as of September 30, 2015. The Company cannot at this time predict the likely outcome of this proceeding or estimate the amount or range of loss or possible loss that may arise from it. The Company has not accrued any loss related to the outcome of this case as of September 30, 2015. In the normal course of business, the Company may agree to indemnify third parties with whom it enters into contractual relationships, including customers, lessors, and parties to other transactions with the Company, with respect to certain matters. The Company has agreed, under certain conditions, to hold these third parties harmless against specified losses, such as those arising from a breach of representations or covenants, other third-party claims that the Company’s products when used for their intended purposes infringe the intellectual property rights of such other third parties, or other claims made against certain parties. To date, the Company has not incurred any costs as a result of such obligations and has not accrued any liabilities related to such obligations in the condensed consolidated financial statements. In addition, the Company indemnifies its officers, directors, and certain key employees while they are serving in good faith in their respective capacities. The Company does not currently believe there is a reasonable possibility that a loss may have been incurred under these indemnification obligations. To date, there have been no claims under any such indemnification provisions.

Common Stock and Stockholders'

Common Stock and Stockholders' Equity	6 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Common Stock and Stockholders' Equity	7. Common Stock and Stockholders’ Equity Common stock authorized Employee Stock Purchase Plan 2008 Equity Incentive Plan 2014 Equity Incentive Plan The following table summarizes the Company’s stock option and restricted stock unit (“RSU”) award activities for the six months ended September 30, 2015 (in thousands, except per share information): Options Outstanding RSUs Outstanding Number of Shares Weighted- Average Price Weighted- Average Term (in years) Aggregate Value Number Weighted- Average Fair Weighted- Average Term (in years) Aggregate Value Outstanding - April 1, 2015 9,422 $ 10.08 7.9 $ 231,964 723 $ 23.87 3.5 $ 25,098 Stock options granted 466 31.41 RSUs granted 700 31.99 Stock options exercised (1,402 ) 5.03 40,624 Stock options canceled/forfeited (371 ) 15.17 RSUs canceled/forfeited (57 ) 26.70 Outstanding - September 30, 2015 8,115 $ 11.94 7.6 $ 212,338 1,366 $ 27.92 3.4 $ 52,081 Restricted Stock Awards Stock Options Granted to Nonemployees Stock-Based Compensation Expense Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cost of revenue $ 309 $ 101 $ 560 $ 194 Research and development 1,501 255 2,539 457 Sales and marketing 2,070 1,055 4,046 1,904 General and administrative 1,708 824 3,102 1,611 Total stock-based compensation expense $ 5,588 $ 2,235 $ 10,247 $ 4,166 As of September 30, 2015, unrecognized stock-based compensation cost related to outstanding unvested stock options was $35.8 million, which is expected to be recognized over a weighted-average period of approximately 2.7 years. As of September 30, 2015, unrecognized stock-based compensation cost related to outstanding unvested stock awards was $36.1 million, which is expected to be recognized over a weighted-average period of approximately 3.3 years.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The Company is subject to income tax in the United States as well as other tax jurisdictions in which it conducts business. Earnings from non-U.S. activities are subject to local country income tax. The Company does not provide for federal income taxes on the undistributed earnings of its foreign subsidiaries as such earnings are to be reinvested indefinitely. The Company recorded an income tax benefit of $41,000 and an income tax provision of $61,000 for the three and six months ended September 30, 2015, respectively, related to foreign income taxes and state minimum taxes. Based on the available objective evidence during the three and six months ended September 30, 2015, the Company believes it is more likely than not that the tax benefits of U.S. losses incurred during the three and six months ended September 30, 2015 may not be realized. Accordingly, the Company did not record the tax benefits of U.S. losses incurred during the three and six months ended September 30, 2015. The primary difference between the effective tax rate and the local statutory tax rate relates to the valuation allowance on the Company’s U.S. losses, foreign tax rate differences, and amortization of a deferred charge associated with the intercompany transfer of intellectual property from prior periods. As of September 30, 2015, the total amount of gross unrecognized tax benefits was $1.9 million, all of which would affect the Company’s effective tax rate if recognized before consideration of any valuation allowance. As of September 30, 2015, the Company had an immaterial amount related to the accrual of interest and penalties. During the six months ended September 30, 2015, the Company’s gross unrecognized tax benefits increased by $0.1 million, none of which would affect the Company’s effective tax rate if recognized. The Company does not have any tax positions as of September 30, 2015 for which it is reasonably possible that the total amount of gross unrecognized tax benefits will significantly increase or decrease within the next 12 months.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Net Loss Per Share	9. Net Loss Per Share Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee share-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options and unvested restricted common stock. As the Company had net losses for each of the three and six months ended September 30, 2015 and 2014, all potential common shares were determined to be anti-dilutive. The following table sets forth the computation of net loss per share attributable to common stockholders, basic and diluted (in thousands, except per share amounts): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Numerator: Net loss $ (14,819 ) $ (9,212 ) $ (29,938 ) $ (19,395 ) Denominator: Weighted average shares used to compute net loss per share attributable to common stockholder, basic and diluted 48,150 15,929 47,523 15,917 Net loss per share—basic and diluted $ (0.31 ) $ (0.58 ) $ (0.63 ) $ (1.22 ) The following outstanding options, unvested shares, warrants, ESPP shares, and convertible preferred stock were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands): As of September 30, 2015 2014 Convertible preferred stock — 24,813 Options to purchase common stock 8,115 8,252 Common stock reserved for issuance in connection with acquisition 129 — Restricted stock units 1,366 — Warrants — 49 ESPP shares 28 — 9,638 33,114

Revenue by Geographic Location

Revenue by Geographic Location	6 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Revenue by Geographic Location	10. Revenue by Geographic Location The following table shows the Company’s revenue by geographic areas, as determined based on the billing address of its customers (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 United States $ 28,794 $ 16,870 $ 54,188 $ 32,134 EMEA 8,274 4,786 15,681 8,968 APAC 3,260 2,034 6,204 3,783 Other 2,600 1,671 5,000 3,089 Total revenue $ 42,928 $ 25,361 $ 81,073 $ 47,974 Substantially all of the Company’s long-lived assets were attributable to operations in the United States as of September 30, 2015 and March 31, 2015.

Subsequent Events

Subsequent Events	6 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events On October 28, 2015, the Company completed the acquisition of Opsmatic, Inc. (“Opsmatic”), a provider of live-state server configuration monitoring across dynamic cloud infrastructure, pursuant to which the Company acquired all of the capital stock of Opsmatic for $5.5 million in cash, up to 161,116 shares of the Company’s common stock, and 12,008 RSUs. The aggregate preliminary purchase price is $12.3 million. The acquisition also included an obligation to issue up to 98,115 shares of our common stock to certain employees of Opsmatic, contingent upon their continuous employment with the Company. As such, compensation expense will be recorded ratably over the respective service period of 30 months. The initial purchase price accounting is not yet complete. A preliminary purchase price allocation is currently expected to be included in the Company’s consolidated financial statements for the quarterly period ending December 31, 2015. Pro forma results of operations have not been presented because the acquisition was not material to the Company’s results of operations.

Description of Business and S18

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Description of Business	Description of Business
Basis of Presentation	Basis of Presentation In the opinion of management, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending March 31, 2016. The condensed consolidated balance sheet as of March 31, 2015 included herein was derived from the audited financial statements as of that date.
Initial Public Offering	Initial Public Offering The sale of common stock in the IPO triggered the weighted average anti-dilution provisions set forth in the Company’s amended and restated certificate of incorporation. At the IPO price of $23.00 per share, the per share conversion rate for the Company’s Series F convertible preferred stock into common stock was approximately 1:1.02. The conversion rate for the Company’s Series A, Series B, Series C, Series D, and Series E convertible preferred stock was 1:1. As a result of the IPO, the 24,813,343 shares of the Company’s convertible preferred stock outstanding automatically converted into 24,885,778 shares of the Company’s common stock.
Use of Estimates	Use of Estimates
Concentration of Risk	Concentration of Risk
Short-term Investments	Short-term Investments
Business Combinations	Business Combinations
Goodwill	Goodwill
Intangible Assets	Intangible Assets
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-05, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Information about Financial Assets Measured at Fair Value on Recurring Basis	The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2015 and March 31, 2015 based on the three-tier fair value hierarchy (in thousands): Fair Value Measurements as of September 30, 2015 Level 1 Level 2 Level 3 Total Description: Money market funds $ 36,126 $ — $ — $ 36,126 Commercial paper — 1,700 — 1,700 Corporate notes and bonds — 32,904 — 32,904 U.S. treasury securities 2,299 — — 2,299 U.S. government agencies — 88,123 — 88,123 Restricted cash - money market funds 8,023 — — 8,023 Total $ 46,448 $ 122,727 $ — $ 169,175 Included in cash and cash equivalents $ 40,927 Included in short-term investments $ 120,225 Included in restricted cash $ 8,023 Fair Value Measurements as of March 31, 2015 Level 1 Level 2 Level 3 Total Description: Money market funds $ 56,455 $ — $ — $ 56,455 Certificates of deposit — 1,800 — 1,800 Commercial paper — 30,288 — 30,288 Corporate notes and bonds — 38,715 — 38,715 U.S. treasury securities 500 — — 500 U.S. government agencies — 33,199 — 33,199 Restricted cash - money market funds 4,623 — — 4,623 Total $ 61,578 $ 104,002 $ — $ 165,580 Included in cash and cash equivalents $ 65,454 Included in short-term investments $ 95,503 Included in restricted cash $ 4,623
Classification of Available-for-Sale Short-Term Investments by Contractual Maturities	The following table classifies the Company’s available-for-sale short-term investments by contractual maturities as of September 30, 2015 and March 31, 2015 (in thousands): September 30, March 31, Due in one year $ 87,562 $ 53,287 Due in one to two years 32,663 42,216 Total $ 120,225 $ 95,503

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net, consisted of the following (in thousands): September 30, March 31, Computers, software, and equipment $ 3,771 $ 2,985 Site operation equipment 11,638 6,383 Furniture and fixtures 905 868 Leasehold improvements 21,448 20,513 Capitalized software development costs 26,101 21,402 Total property and equipment 63,863 52,151 Less: accumulated depreciation and amortization (23,242 ) (16,754 ) Total property and equipment, net $ 40,621 $ 35,397

Goodwill and Purchased Intang21

Goodwill and Purchased Intangibles Assets (Tables)	6 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Purchased Intangible Assets Subject to Amortization	Purchased intangible assets subject to amortization as of September 30, 2015 consist of the following (in thousands): Gross Carrying Accumulated Net Carrying Remaining (In years) Developed technology $ 2,400 $ (800 ) $ 1,600 2.00 Customer relationships 100 (49 ) 51 1.00 Other intangible assets 300 (149 ) 151 1.00 $ 2,800 $ (998 ) $ 1,802 Purchased intangible assets subject to amortization as of March 31, 2015 consist of the following (in thousands): Gross Carrying Accumulated Net Carrying Remaining (In years) Developed technology $ 2,400 $ (400 ) $ 2,000 2.50 Customer relationships 100 (25 ) 75 1.50 Other intangible assets 300 (75 ) 225 1.50 $ 2,800 $ (500 ) $ 2,300
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense as of September 30, 2015 is as follows (in thousands): 2016 (remaining 6 months) $ 502 2017 900 2018 400 2019 and thereafter — $ 1,802

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments Under Non-Cancelable Operating Leases	Future minimum lease payments under non-cancelable operating leases as of September 30, 2015 were as follows (in thousands): Years Ending March 31, Operating Leases 2016 (remaining 6 months) $ 3,364 2017 8,446 2018 10,255 2019 10,456 2020 10,746 Thereafter 22,952 Total minimum future lease payments $ 66,219

Common Stock and Stockholders23

Common Stock and Stockholders' Equity (Tables)	6 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Schedule of Stock Option and Restricted Stock Unit ("RSU") Award Activities	The following table summarizes the Company’s stock option and restricted stock unit (“RSU”) award activities for the six months ended September 30, 2015 (in thousands, except per share information): Options Outstanding RSUs Outstanding Number of Shares Weighted- Average Price Weighted- Average Term (in years) Aggregate Value Number Weighted- Average Fair Weighted- Average Term (in years) Aggregate Value Outstanding - April 1, 2015 9,422 $ 10.08 7.9 $ 231,964 723 $ 23.87 3.5 $ 25,098 Stock options granted 466 31.41 RSUs granted 700 31.99 Stock options exercised (1,402 ) 5.03 40,624 Stock options canceled/forfeited (371 ) 15.17 RSUs canceled/forfeited (57 ) 26.70 Outstanding - September 30, 2015 8,115 $ 11.94 7.6 $ 212,338 1,366 $ 27.92 3.4 $ 52,081
Schedule of Stock-based Compensation Expense Attributed to Cost of Revenue, Research and Development, Sales and Marketing and General and Administrative Expenses	Stock-based compensation expense attributed to cost of revenue, research and development, sales and marketing, and general and administrative expenses were as follows (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Cost of revenue $ 309 $ 101 $ 560 $ 194 Research and development 1,501 255 2,539 457 Sales and marketing 2,070 1,055 4,046 1,904 General and administrative 1,708 824 3,102 1,611 Total stock-based compensation expense $ 5,588 $ 2,235 $ 10,247 $ 4,166

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Net Loss Per Share Attributable to Common Stockholders, Basic and Diluted	The following table sets forth the computation of net loss per share attributable to common stockholders, basic and diluted (in thousands, except per share amounts): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 Numerator: Net loss $ (14,819 ) $ (9,212 ) $ (29,938 ) $ (19,395 ) Denominator: Weighted average shares used to compute net loss per share attributable to common stockholder, basic and diluted 48,150 15,929 47,523 15,917 Net loss per share—basic and diluted $ (0.31 ) $ (0.58 ) $ (0.63 ) $ (1.22 )
Antidilutive Securities Excluded from Computation of Diluted Net Loss per Common Share of Common Stock Equivalents	The following outstanding options, unvested shares, warrants, ESPP shares, and convertible preferred stock were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands): As of September 30, 2015 2014 Convertible preferred stock — 24,813 Options to purchase common stock 8,115 8,252 Common stock reserved for issuance in connection with acquisition 129 — Restricted stock units 1,366 — Warrants — 49 ESPP shares 28 — 9,638 33,114

Revenue by Geographic Location

Revenue by Geographic Location (Tables)	6 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Areas	The following table shows the Company’s revenue by geographic areas, as determined based on the billing address of its customers (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2015 2014 2015 2014 United States $ 28,794 $ 16,870 $ 54,188 $ 32,134 EMEA 8,274 4,786 15,681 8,968 APAC 3,260 2,034 6,204 3,783 Other 2,600 1,671 5,000 3,089 Total revenue $ 42,928 $ 25,361 $ 81,073 $ 47,974

Description of Business and S26

Description of Business and Summary of Significant Accounting Policies - Additional Information (Detail)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended	91 Months Ended
	Dec. 31, 2014USD ($)$ / sharesshares	Sep. 30, 2015Customer	Sep. 30, 2014Customer	Sep. 30, 2015USD ($)Customer	Sep. 30, 2014Customer	Mar. 31, 2015USD ($)Customer	Sep. 30, 2015USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Company incorporation date				Feb. 20, 2008
Entity Incorporation, State Name				Delaware
Other-than-temporarily impaired investments | $				$ 0		$ 0
Goodwill impairment | $							$ 0
Common Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of common stock shares issued upon conversion of convertible preferred stock	24,885,778
Series F Convertible Preferred Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Convertible preferred stock conversion rate	1.02
Series A Through E Preferred Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Convertible preferred stock conversion rate	1
Convertible Preferred Stock [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of convertible preferred stock shares converted	24,813,343
Initial Public Offering [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Common stock shares issued	5,750,000
Proceeds from sale of common stock, net of underwriters' discounts and commissions | $	$ 123,000,000
Common stock shares issued, price per share | $ / shares	$ 23
Offering expenses | $	$ 3,100,000
Accounts Receivable [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer				1		1
Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer		0	0	0	0
Credit Concentration Risk [Member] | Accounts Receivable [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration of risk, percentage				20.00%		12.00%
Credit Concentration Risk [Member] | Revenue [Member]
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Concentration of risk, percentage		10.00%	10.00%	10.00%	10.00%

Business Combination - Addition

Business Combination - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Oct. 31, 2014	Mar. 31, 2015
Business Acquisition [Line Items]
Preliminary purchase price allocation, goodwill	$ 2,053		$ 2,053
Ducksboard [Member]
Business Acquisition [Line Items]
Number of shares issued to acquire capital stock		121,493
Number of common stock shares issued	108,234
Shares issued on closing date		13,259
Purchase consideration paid in cash		$ 2,300
Business acquisition, aggregate purchase price		4,200
Preliminary purchase price allocation, goodwill		2,100
Preliminary purchase price allocation, identifiable intangible assets		2,800
Preliminary purchase price allocation, net liabilities assumed		$ 700
Business acquisition obligation to issue common stock, shares		128,507
Service period of compensation expense		3 years

Fair Value Measurements - Infor

Fair Value Measurements - Information about Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	$ 169,175	$ 165,580
Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	40,927	65,454
Short-Term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	120,225	95,503
Restricted Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	8,023	4,623
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	36,126	56,455
Certificates Of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value		1,800
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	1,700	30,288
Corporate Notes and Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	32,904	38,715
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	2,299	500
US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	88,123	33,199
Restricted Cash - Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	8,023	4,623
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	46,448	61,578
Level 1 [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	36,126	56,455
Level 1 [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	2,299	500
Level 1 [Member] | Restricted Cash - Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	8,023	4,623
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	122,727	104,002
Level 2 [Member] | Certificates Of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value		1,800
Level 2 [Member] | Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	1,700	30,288
Level 2 [Member] | Corporate Notes and Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	32,904	38,715
Level 2 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	$ 88,123	$ 33,199

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers between fair value measurement levels		$ 0		$ 0
Letter of credit executed				$ 3,400,000	$ 27,000
Fair value measurements gain recognized			$ 200,000		$ 300,000
Closing date of IPO				Dec. 31, 2014
Unrealized loss position of securities for more than 12 months	$ 0	$ 0		$ 0		$ 0
Letter of Credit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Letter of credit executed	$ 3,400,000

Fair Value Measurements - Class

Fair Value Measurements - Classification of Available-for-Sale Short-Term Investments by Contractual Maturities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year	$ 87,562	$ 53,287
Due in one to two years	32,663	42,216
Total	$ 120,225	$ 95,503

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 63,863	$ 52,151
Less: accumulated depreciation and amortization	(23,242)	(16,754)
Total property and equipment, net	40,621	35,397
Computers, Software, and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	3,771	2,985
Site Operation Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	11,638	6,383
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	905	868
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	21,448	20,513
Capitalized Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 26,101	$ 21,402

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 3.5	$ 1.9	$ 6.5	$ 3.5

Goodwill and Purchased Intang33

Goodwill and Purchased Intangibles Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Change in carrying amount of goodwill	$ 0		$ 0
Amortization expense	$ 200,000	$ 0	$ 500,000	$ 0

Goodwill and Purchased Intang34

Goodwill and Purchased Intangibles Assets - Schedule of Purchased Intangible Assets Subject to Amortization (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,800	$ 2,800
Accumulated Amortization	(998)	(500)
Net Carrying Amount	1,802	2,300
Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,400	2,400
Accumulated Amortization	(800)	(400)
Net Carrying Amount	$ 1,600	$ 2,000
Remaining Useful Life (In years)	2 years	2 years 6 months
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 100	$ 100
Accumulated Amortization	(49)	(25)
Net Carrying Amount	$ 51	$ 75
Remaining Useful Life (In years)	1 year	1 year 6 months
Other Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 300	$ 300
Accumulated Amortization	(149)	(75)
Net Carrying Amount	$ 151	$ 225
Remaining Useful Life (In years)	1 year	1 year 6 months

Goodwill and Purchased Intang35

Goodwill and Purchased Intangibles Assets - Schedule of Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2016 (remaining 6 months)	$ 502
2,017	900
2,018	400
2019 and thereafter	0
Net Carrying Amount	$ 1,802	$ 2,300

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2015ft²	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Mar. 31, 2015USD ($)
Operating Leased Assets [Line Items]
Non-cancelable operating lease agreements, expiration dates				From 2015 through 2023
Deferred rent		$ 5,100,000		$ 5,100,000		$ 4,900,000
Rent expense, net of sublease income, for operating leases		1,700,000	$ 1,300,000	3,000,000	$ 2,600,000
Purchase commitments		6,100,000		6,100,000		$ 3,600,000
Accrued loss		$ 0		$ 0
San Francisco, California [Member]
Operating Leased Assets [Line Items]
Operating lease agreements, lease term	8 years
Operating lease agreements, area leased | ft²	14,067
Operating lease agreements, additional area leased | ft²	42,201

Commitments and Contingencies37

Commitments and Contingencies - Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Leases [Abstract]
2016 (remaining 6 months)	$ 3,364
2,017	8,446
2,018	10,255
2,019	10,456
2,020	10,746
Thereafter	22,952
Total minimum future lease payments	$ 66,219

Common Stock and Stockholders38

Common Stock and Stockholders' Equity - Additional Information (Detail) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	Dec. 31, 2014	May. 31, 2014	Aug. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015
Class of Stock [Line Items]
Common stock, shares authorized				100,000,000		100,000,000		100,000,000
Common stock, par value				$ 0.001		$ 0.001		$ 0.001
Fair value granted restricted stock awards shares of common stock						700,000
Grant date fair value of restricted stock awards, per share						$ 31.99
Stock-based compensation expense				$ 5,588,000	$ 2,235,000	$ 10,247,000	$ 4,166,000
Stock options granted						466,000
Stock-based compensation cost expected to be recognized over weighted-average period						3 years 3 months 18 days
Unrecognized stock-based compensation cost related to outstanding unvested stock awards				36,100,000		$ 36,100,000
Expected to vest unrecognized stock-based compensation cost related to outstanding unvested stock options				35,800,000		$ 35,800,000
Stock based compensation cost is expected to be recognized over a weighted-average period						2 years 8 months 12 days
Nonemployees [Member]
Class of Stock [Line Items]
Stock-based compensation expense				$ 300,000	$ 54,000	$ 500,000	$ 100,000
Stock options granted				7,306	35,700	11,607	50,000
Restricted Stock Awards [Member]
Class of Stock [Line Items]
Fair value granted restricted stock awards shares of common stock		40,000	100,000
Fair value of the restricted stock awards, value		$ 700,000	$ 900,000
Grant date fair value of restricted stock awards, per share		$ 16.93	$ 9.37
Common stock vesting period		4 years	4 years
Stock-based compensation expense				$ 100,000	$ 100,000	$ 200,000	$ 200,000
Restricted stock awards, vested				74,582		74,582
2014 Employee Stock Purchase Plan [Member]
Class of Stock [Line Items]
Shares reserved for issuance under plan				1,000,000		1,000,000
Additional shares available for issuance under the plan	500,000
Percentage of common stock shares increased under the plan	1.00%
Shares available for issuance				1,471,169		1,471,169
Common stock purchased under Employee Stock Purchase Plan						0
2014 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Shares reserved for issuance under plan	5,000,000
Shares available for issuance				6,766,304		6,766,304
Shares available for grant under plan	5,184,878
Increase in shares available under plan, percentage of outstanding common stock shares	5.00%
2008 Equity Incentive Plan [Member]
Class of Stock [Line Items]
Shares available for issuance				0		0
Before Amendment and Restated [Member]
Class of Stock [Line Items]
Common stock, shares authorized				55,000,000		55,000,000

Common Stock and Stockholders39

Common Stock and Stockholders' Equity - Schedule of Stock Option and Restricted Stock Unit ("RSU") Award Activities (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015
Number of Shares
Beginning balance	9,422
Stock options granted	466
Stock options exercised	(1,402)
Stock options canceled/forfeited	(371)
Ending balance	8,115	9,422
Weighted-Average Exercise Price
Beginning balance	$ 10.08
Stock options granted	31.41
Stock options exercised	5.03
Stock options canceled/forfeited	15.17
Ending balance	$ 11.94	$ 10.08
Weighted-Average Remaining Contractual Term (in years)
Balance	7 years 7 months 6 days	7 years 10 months 24 days
Aggregate Intrinsic Value
Beginning balance	$ 231,964
Stock options exercised	40,624
Ending balance	$ 212,338	$ 231,964
Number of Shares
Beginning balance	723
RSUs granted	700
RSUs canceled/forfeited	(57)
Ending balance	1,366	723
Weighted-Average Grant Date Fair Value
Beginning balance	$ 23.87
RSUs granted	31.99
RSUs canceled/forfeited	26.70
Ending balance	$ 27.92	$ 23.87
Weighted-Average Remaining Contractual Term (in years)
Balance	3 years 4 months 24 days	3 years 6 months
Aggregate Intrinsic Value
Beginning balance	$ 25,098
Ending balance	$ 52,081	$ 25,098

Common Stock and Stockholders40

Common Stock and Stockholders' Equity - Schedule of Stock-based Compensation Expense Attributed to Cost of Revenue, Research and Development, Sales and Marketing and General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 5,588	$ 2,235	$ 10,247	$ 4,166
Cost of Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	309	101	560	194
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	1,501	255	2,539	457
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	2,070	1,055	4,046	1,904
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 1,708	$ 824	$ 3,102	$ 1,611

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Income Tax Contingency [Line Items]
Income tax provision (benefit)	$ (41,000)	$ 61,000
Unrecognized tax benefits	1,900,000	1,900,000
Unrecognized tax benefits that would affect income tax expense	1,900,000	1,900,000
Changes to unrecognized tax benefits		100,000
Increase in unrecognized tax benefits that would affect income tax expense		$ 0
Change in unrecognized tax benefits, description		The Company does not have any tax positions as of September 30, 2015 for which it is reasonably possible that the total amount of gross unrecognized tax benefits will significantly increase or decrease within the next 12 months.
U.S. [Member]
Income Tax Contingency [Line Items]
Income tax provision (benefit)	$ 0	$ 0

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Net Loss Per Share Attributable to Common Stockholders, Basic and Diluted (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net loss	$ (14,819)	$ (9,212)	$ (29,938)	$ (19,395)
Denominator:
Weighted average shares used to compute net loss per share attributable to common stockholder, basic and diluted	48,150	15,929	47,523	15,917
Net loss per share-basic and diluted	$ (0.31)	$ (0.58)	$ (0.63)	$ (1.22)

Net Loss Per Share - Antidiluti

Net Loss Per Share - Antidilutive Securities Excluded from Computation of Diluted Net Loss per Common Share of Common Stock Equivalents (Detail) - shares shares in Thousands	6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share	9,638	33,114
2014 Employee Stock Purchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share	28
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share		24,813
Options to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share	8,115	8,252
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share		49
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share	1,366
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net loss per common share	129

Revenue by Geographic Locatio44

Revenue by Geographic Location - Schedule of Revenue by Geographic Areas (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Total revenue	$ 42,928	$ 25,361	$ 81,073	$ 47,974
United States [Member]
Segment Reporting Information [Line Items]
Total revenue	28,794	16,870	54,188	32,134
EMEA [Member]
Segment Reporting Information [Line Items]
Total revenue	8,274	4,786	15,681	8,968
APAC [Member]
Segment Reporting Information [Line Items]
Total revenue	3,260	2,034	6,204	3,783
Other [Member]
Segment Reporting Information [Line Items]
Total revenue	$ 2,600	$ 1,671	$ 5,000	$ 3,089

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - Opsmatic, Inc. [Member] $ in Millions	Oct. 28, 2015USD ($)shares
Subsequent Event [Line Items]
Purchase consideration paid in cash | $	$ 5.5
Number of shares issued to acquire capital stock	161,116
Business acquisition, aggregate purchase price | $	$ 12.3
Business acquisition obligation to issue common stock, shares	98,115
Service period of compensation expense	30 months
Restricted Stock Units [Member]
Subsequent Event [Line Items]
Number of shares issued to acquire capital stock	12,008