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MarketVector Indexes has announced the licensing of three new equity indexes for the Brazilian market, specifically the MarketVector Brazil Domestic Exposure (MVBRDE), Global Exposure (MVBRGE), and Small-Cap Value (MVBRSV) indexes. This initiative aims to provide investors with enhanced exposure to the Brazilian economy, especially relevant given the upcoming Presidential election in October. The indexes will be reviewed semi-annually and are designed to help investors diversify their Brazilian equity holdings efficiently. Key features include a total of 100 components for MVBRDE and value-focused weighting for MVBRSV.
New Relic (NYSE: NEWR) has announced support for Amazon VPC Flow Logs via Kinesis Data Firehose, enhancing the process of sending logs to New Relic. This integration allows AWS users to quickly analyze network performance and troubleshoot connectivity issues without affecting throughput or latency. The streamlined delivery encourages better observability and proactive management of applications, crucial for businesses relying on cloud services. The support is available for all New Relic Full Platform users.
New Relic announced the appointment of Siva Padisetty as SVP and GM of Telemetry Data Platform and Global Infrastructure, and Tia Williams as GVP of Design and Product Experience. Padisetty joins from AWS, where he was GM of Management Tools, while Williams comes from Salesforce, where she grew revenue by 75% to $6B. These hires follow the appointment of David Barter as CFO and aim to enhance customer value and drive innovation. New Relic remains a leader in observability, enabling engineers with data-driven solutions.
New Relic (NYSE: NEWR) has launched its Errors Inbox integrated within Jira Software as part of the Atlassian Open DevOps solution, enhancing software performance monitoring and error tracking for developers. This tool allows users to create Jira Software issues directly from the Errors Inbox, streamlining debugging and error resolution. The collaboration aims to improve the developer experience by providing a centralized platform to manage errors proactively before impacting customers. The Errors Inbox is available for free to all New Relic full platform users and Jira Cloud users.
New Relic has appointed David Barter as its new Chief Financial Officer, effective August 17, 2022. Barter, who previously served as CFO at C3 AI and Model N, brings nearly three decades of finance experience from high-growth companies like Microsoft and General Electric. His focus will be on accelerating New Relic's business goals and ensuring long-term growth strategy. He succeeds Mark Sachleben, who is transitioning to an advisory role after 14 years. Barter is expected to leverage his experience to enhance financial strategies.
New Relic reported a 20% year-over-year revenue increase to $216 million for Q1 FY2023, surpassing expectations. GAAP gross margin stood at 71%, while the GAAP loss from operations improved to $(56) million, down from $(74) million a year prior. Active customer accounts grew to 15,100, with 83% revenue from accounts over $100,000. The company also announced a partnership with Microsoft Azure and received HITRUST certification. For Q2 FY2023, revenue guidance is projected between $219 million and $224 million, reflecting approximately 12% to 14% growth.
New Relic announces the launch of New Relic Monitoring for SAP, a pioneering agentless observability solution for enterprises utilizing SAP systems. This tool allows IT teams to monitor critical business processes efficiently by leveraging existing SAP data, eliminating the need for intrusive installations. The product offers comprehensive telemetry access, agile root-cause analysis, and advanced alerting features, facilitating swift resolution of issues that could disrupt revenue-generating operations. This solution is certified for SAP NetWeaver 7.5 and is now generally available.
