Welcome to our dedicated page for New Relic news (Ticker: NEWR), a resource for investors and traders seeking the latest updates and insights on New Relic stock.
New Relic, Inc. (NEWR) provides essential software analytics solutions that power digital transformation for enterprises worldwide. This dedicated news hub offers investors and technology professionals centralized access to official corporate announcements and strategic updates.
Track critical developments including quarterly earnings reports, product enhancements to the New Relic Observability Platform, and collaborations shaping the future of application performance management. Our curated collection ensures timely access to operational milestones, leadership changes, and market expansion initiatives.
Discover updates on New Relic's AI-driven analytics innovations, cloud infrastructure partnerships, and DevOps ecosystem integrations. The repository serves as a strategic resource for understanding the company's growth trajectory in the competitive software monitoring sector.
Bookmark this page for streamlined monitoring of New Relic's progress in delivering real-time performance insights and maintaining technological leadership. Return regularly to stay informed about developments impacting digital business optimization strategies.
New Relic, Inc. (NYSE: NEWR) reported an 18% year-over-year revenue increase to $196 million for Q2 FY2022, achieving a GAAP gross margin of 67%. However, the company incurred a GAAP operating loss of $(47.0) million, higher than $(42.9) million in Q2 FY2021. The non-GAAP operating loss was $(6.4) million, a slight increase from $(5.3) million year-over-year. With cash reserves totaling $784 million, New Relic expects Q3 FY2022 revenue between $198 million and $202 million. Future outlook reflects continued growth, despite ongoing operational losses.
New Relic has launched New Relic CodeStream, a developer experience connecting observability with code collaboration. Following its acquisition of CodeStream, this integration enhances tools like VS Code, Visual Studio, GitHub, and Microsoft Teams. The new Core user option is priced at $49 per month, aimed at making observability more accessible. The preview period starts from October 21, 2021 to January 12, 2022. The initiative focuses on reducing barriers for developers, improving integration, and expanding market reach.
New Relic has launched New Relic Instant Observability, an open-source ecosystem featuring over 400 quickstarts to aid software engineers in monitoring and managing their entire technology stack. This initiative includes contributions from industry leaders like Cribl, Fastly, Gigamon, Kentik, Lacework, and Trend Micro, enhancing the adoption of observability practices. The platform is offered within New Relic's free pricing tier, aiming to bridge the gap in observability maturity, where only 26% of engineers reported having a robust practice. The company emphasizes its ongoing commitment to open-source technology.
New Relic, Inc. (NYSE: NEWR) will report its financial results for Q2 on
New Relic (NYSE: NEWR) released its 2021 Observability Forecast revealing a disconnect between the critical need for observability and the current maturity of practices. Key findings include that while 90% of software engineers value observability, only 26% report mature practices. Despite this, 81% of executives plan to increase their observability budgets next year, with 20% expecting substantial hikes. The study indicates that consolidating tools into a unified platform is vital for progress. Additionally, there's a noted gap in strategy for implementing observability in organizations, affecting operational efficiency and customer experience.
New Relic, Inc. (NYSE: NEWR) reported its first-quarter fiscal 2022 results, achieving $180 million in revenue, up from $163 million in Q1 FY2021. Despite this revenue growth, the GAAP loss from operations increased to $(73.9) million, compared to $(26.1) million in the prior year. The company expects Q2 FY2022 revenue between $181 million and $183 million, with a non-GAAP loss from operations projected at $(13) million to $(15) million. New Relic ended Q1 FY2022 with $817 million in cash and equivalents.
New Relic (NYSE: NEWR) has introduced the first HIPAA-compliant observability platform for monitoring application and infrastructure performance involving Protected Health Information (PHI). This solution integrates metrics, events, logs, and distributed traces into a single platform, enabling healthcare organizations to ensure compliance and optimize system performance. Priced competitively at $0.25/GB, New Relic One supports full-stack analysis across cloud and on-premises environments, helping IT engineers identify and resolve issues promptly, thus maintaining the security of patient data.
New Relic, Inc. (NYSE: NEWR) has appointed Anita Lynch as Chief Data Officer, promoting her from her previous role at Disney. Kristy Friedrichs transitions to Chief Operating Officer, while Manav Khurana and Tracy Williams ascend to Chief Growth Officer and Chief People Officer, respectively. These changes are part of New Relic's strategy to harness data for growth and innovation, enhancing its position in the digital transformation landscape. The leadership team aims to leverage their collective experience from major companies to drive business value and improve software observability.
New Relic, Inc. (NYSE: NEWR) announced it will release its financial results for Q1 ended June 30, 2021, after market close on August 3, 2021. The company will also post an investor letter on its investor relations page. A conference call to discuss results will be held at 2 p.m. Pacific Time (5 p.m. Eastern Time) on the same day, accessible by phone or via a live webcast. Callers should join 15 minutes early to avoid delays.
