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 (NYSE: NEWR) has appointed RK Mahendran from HMI Capital Management to its Board of Directors, effective June 24, 2021. This move aligns with the company's efforts to enhance board refreshment and governance, supported by feedback from shareholders like Engaged Capital. The board will also seek approval for declassifying its structure at the upcoming 2021 annual meeting, aiming for full de-staggering by 2023. Michael Christenson, former president and COO, will resign from the board. Mahendran’s appointment is expected to accelerate New Relic's growth and transformation.
New Relic, Inc. (NYSE: NEWR) announced innovative product developments and community initiatives at its FutureStack 2021 conference. Key highlights include the launch of Auto-Telemetry with Pixie for instant Kubernetes observability, enhancing developers’ capabilities without code updates. Additional advancements encompass improved Error Tracking and Network Observability through a partnership with Kentik. New community offerings include New Relic for Startups and Student Edition to support emerging engineers. The focus is on empowering developers to enhance software observability and digital experiences.
New Relic (NYSE: NEWR) reported Q4 and full fiscal year 2021 results, revealing revenue of $173 million, a 8% increase from Q4 FY20. However, the company experienced a GAAP loss from operations of $(54.3) million, worsening from $(27.5) million in the prior year. For the fiscal year, revenue reached $668 million, up 11% year-over-year, but incurred a GAAP loss of $(171.4) million. Looking ahead, the Q1 FY22 revenue outlook is $172-$174 million, indicating 6%-7% growth. Bill Staples will succeed Lew Cirne as CEO on July 1, 2021.
New Relic (NYSE: NEWR) has announced the promotion of Bill Staples to CEO, effective July 1, 2021, succeeding founder Lew Cirne, who will become Executive Chairman. Staples, who joined New Relic in 2020 as Chief Product Officer, has significantly impacted the company’s product strategy and customer focus, leading to a new consumption-based business model. Cirne will continue to contribute to innovation and strategy at New Relic. The leadership transition aims to accelerate growth and position the company as a leader in observability. The company's FutureStack conference is set for May 25-27, 2021.
New Relic (NYSE: NEWR) has joined the Cloud Native Computing Foundation (CNCF) Governing Board as a platinum member, supporting the mission of cloud-native computing. New Relic is contributing its Pixie observability platform as an open-source project under the Apache 2.0 license. The collaboration with AWS will enhance Pixie’s capabilities for AWS users. Zain Asgar, GM of Pixie, will participate in a keynote at KubeCon + CloudNativeCon Europe 2021, emphasizing New Relic's commitment to open source and standardization with CNCF's OpenTelemetry.
New Relic (NYSE: NEWR) announced its upcoming FutureStack conference scheduled for May 25-27, bringing together engineers and developers to enhance software observability. The event will cover themes of 'open,' 'build,' and 'run,' focusing on extending observability throughout the software lifecycle. Key speakers include industry leaders from Amazon Web Services and Google. Attendees will engage in workshops and keynotes aimed at democratizing observability practices. The conference is free and aims to foster community engagement and innovation in software development.
New Relic (NYSE: NEWR) has been recognized by Gartner as a Leader in the 'Magic Quadrant for Application Performance Monitoring' for the ninth time, according to a report published on April 9, 2021. Gartner highlights New Relic’s ability to integrate multiple telemetry data types for analysis, setting it apart from competitors. This recognition is seen as a validation of New Relic's evolution into a comprehensive observability platform, enabling enterprises to unify telemetry and monitoring workflows effectively. New Relic One is noted for its scalability and low data ingestion costs.
New Relic (NYSE: NEWR) will release its financial results for Q4 and fiscal year ending March 31, 2021, on May 13, 2021, after market close. The company will also provide an investor letter on its website. A conference call to discuss the earnings will take place at 2 PM PT (5 PM ET) the same day. Callers are advised to join early. A replay of the call will be available until May 20, 2021. New Relic's observability platform supports engineering teams in improving software performance and efficiency.
New Relic (NYSE: NEWR) has launched new capabilities in New Relic Applied Intelligence, aimed at enhancing incident detection and resolution for engineers. The update includes automated anomaly detection, root cause identification, and log data analysis, all available at no extra cost, including for free-tier users. These features utilize machine learning to reduce troubleshooting time and alert noise. The enhancements aim to simplify AIOps adoption, addressing previous barriers like steep learning curves and high costs, allowing engineers to proactively manage issues and improve customer experiences.
New Relic (NYSE: NEWR) has launched New Relic Explorer, a revitalized Full-Stack Observability tool that offers engineers enhanced visibility into their systems without requiring configuration. The tool combines telemetry data from various applications and infrastructure, enabling swift identification and resolution of performance issues. Upcoming updates will automatically enhance the experience for existing customers. Industry experts emphasize the importance of real-time visibility for IT teams to maintain effective operations and prevent customer impact.
