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New Relic (NYSE: NEWR) has announced it will release its financial results for Q1 ending June 30, 2022, after market close on August 4, 2022. A conference call will follow at 2 p.m. PT to discuss these results, accessible via phone or a live webcast through New Relic's investor relations page. A replay will be available until August 11, 2022. As a leader in observability, New Relic provides tools for engineers to enhance software performance, supporting notable brands like Banco Inter (OTC: BNCOY).
New Relic (NYSE: NEWR) has launched the New Relic Partner Stack, enhancing support for over 1,000 global partners, including cloud providers and managed service providers. This initiative offers comprehensive training, marketing resources, and sales tools aimed at facilitating observability practices in IT. Despite a growing observability market, only 26% of IT decision-makers have mature practices, citing resources and skills as barriers. This program aims to bridge that gap, while also expanding New Relic's global reach, particularly in the Americas, Europe, and Asia.
MarketVector Indexes GmbH has licensed the MVIS® CryptoCompare Smart Contract Leaders Brazil Index (MVSCBR) to Investo, which will use it as the underlying index for their BLOK11 ETF. This index aims to measure performance of prominent smart contract assets in Brazil. With 11 components, the index is calculated in USD, applying capping factors to enhance diversification. Approximately USD 32.88 billion is currently invested in MVIS® Indexes.
Inter announced the formation of a Strategic Advisory Board as it prepares for its upcoming Nasdaq listing. This board, comprising international experts in various fields, aims to guide Inter in expanding its successful business model from Brazil to the U.S. Additionally, the company has appointed Santiago Stel as the new Chief Strategy & Investor Relations Officer, reinforcing its commitment to further growth beyond Latin America. With over 20 million customers and significant assets under custody, Inter remains focused on delivering diversified financial and lifestyle solutions.
In its first quarter results for 2022, Inter reported a remarkable performance with total revenues reaching R$ 1.2 billion, a 130% YoY increase. The user base expanded to 18.6 million clients, up 82% YoY, while adjusted net profit increased by 32% YoY to R$ 27 million. The company successfully integrated USEND and plans to migrate its shares to Nasdaq on June 23, aiming for enhanced capital access. Key metrics show significant growth across banking, credit, and insurance sectors, indicating strong operational momentum.
Banco Inter has received approval for its corporate reorganization, with over 85% of shareholders supporting the move during the Extraordinary General Meeting. The company will rebrand as Inter&Co and shift its listing to Nasdaq, facilitating access to larger capital markets. Inter aims to expand its global Super App model, having made strides in the U.S. market following its acquisition of USEND. Key Q1 2022 metrics highlight the company’s growth, including 18.6 million customers and significant transaction volumes.
New Relic, Inc. reported a 22% year-over-year revenue increase for Q3 FY2022, totaling $204 million, exceeding guidance. Despite a GAAP operating loss of $(52) million and a non-GAAP loss of $(11) million, the company successfully migrated 80% of its business to a consumption model. Key metrics include a GAAP gross margin of 66% and non-GAAP gross margin of 68%. Looking ahead, the Q4 FY2022 revenue outlook is between $204 million and $206 million, expecting 18%-19% growth.
New Relic, Inc. (NYSE: NEWR) announced its upcoming third-quarter financial results for the period ending December 31, 2021, due for release after market close on February 8, 2022. An investor letter will be available on their website. A conference call is scheduled for 2 p.m. PT (5 p.m. ET) on the same day to discuss the results. This event allows investors to gain insights into the company's performance and potential future outlook.
On November 26, 2021, Inter announced the approval of its Corporate Reorganization during its Extraordinary General Meeting, with over 82% shareholder support. The company is set to migrate from B3 to Nasdaq, following SEC approval. Shareholders can choose between receiving Level I BDRs or a cash option of R$45.84 per Redeemable Preferred Share, with a cash cap of R$2 billion. Inter aims to enhance its global presence, replicating its successful business model in the U.S. This strategic move comes alongside positive metrics, including over 15 million customers and R$60 billion in assets under custody.
Inter, a leading Brazilian super app, has announced its acquisition of USEND, a US-based financial services company, with plans to complete regulatory approvals soon. The deal aims to enhance Inter's footprint in the US fintech market, leveraging USEND's existing operations, which include a competitive digital remittance solution and a customer base of over 150,000. Inter's CEO emphasized that this acquisition would position the company to offer a broader range of digital banking services in the US, enabling it to serve both Brazilian and international clients.
