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) is a leading software analytics company that delivers real-time performance insights for software, infrastructure, and customer experience to software-driven businesses. These insights enable organizations to innovate faster, reduce complexity, and mitigate risks associated with digital transformation.
Core Business: New Relic's core business focuses on providing a robust platform for application performance management (APM) and monitoring. Their comprehensive suite of tools helps businesses monitor and optimize their software applications, ensuring they run efficiently and effectively. This helps companies to accelerate cloud adoption, streamline DevOps processes, and prepare for critical digital moments.
Recent Achievements: New Relic has made significant strides in the tech industry, consistently releasing updates and new features to enhance their platform. They focus on maintaining cutting-edge technology that supports innovation and agility in software development and IT operations.
Current Projects: The company is actively working on enhancing their observability platform, integrating artificial intelligence and machine learning to provide more predictive analytics. Another key focus is expanding their market reach through strategic partnerships and collaborations.
Financial Condition: New Relic maintains a strong financial standing with continuous growth in revenue, driven by the increasing demand for robust software performance monitoring solutions. The company remains dedicated to investing in research and development to stay ahead of industry trends and meet the evolving needs of their clients.
Partnerships: New Relic collaborates with various technology partners to broaden their service offerings and integrate seamlessly with other platforms. These partnerships enhance their capability to provide comprehensive solutions to a diverse range of clients.
Products: New Relic's product lineup includes tools for APM, infrastructure monitoring, digital experience monitoring, log management, and more. Their platform is designed to deliver end-to-end visibility across the entire software stack, empowering businesses to make informed decisions based on real-time data.
New Relic's mission is to provide unparalleled visibility into the performance and health of applications, enabling companies to deliver optimal digital experiences to their customers. By cutting through the complexity associated with digital transformation, New Relic ensures that businesses can innovate and scale with confidence.
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.
New Relic (NEWR) reported Q3 FY2021 revenue of $166 million, up from $153 million in Q3 FY2020, reflecting positive customer reception to new strategies. However, the company experienced a GAAP loss from operations of $(48.0) million vs. $(24.2) million last year. The non-GAAP net loss per diluted share was $(0.14), compared to $0.09. Looking ahead, Q4 revenue is projected between $166 million and $167 million, with a non-GAAP loss from operations of $(29.0) to $(31.0) million.
New Relic, Inc. (NYSE: NEWR) announced it will release third-quarter financial results for the period ending December 31, 2020, on February 4, 2021, post-market. An investor letter will be available on their website. A conference call is scheduled for the same day at 2 p.m. PT (5 p.m. ET) to discuss the results, accessible via phone or a webcast. A replay will be available until February 11, 2021. New Relic provides a cloud-based observability platform that helps organizations enhance software performance.
New Relic (NYSE: NEWR) has promoted Bill Staples to President and Chief Product Officer, enhancing his responsibilities to include corporate strategy and marketing. This move aims to strengthen the company’s alignment with developers and improve their success using New Relic’s observability platform. Meanwhile, Michael Christenson will transition from President and COO to a strategic advisor role. New Relic anticipates strong revenue and annual recurring revenue (ARR) performance for Q3 fiscal 2021, exceeding prior guidance.
New Relic, Inc. (NYSE: NEWR) has announced its acquisition of Pixie Labs, an advanced machine intelligence observability solution for Kubernetes developers. This move aims to enhance New Relic's offerings in the rapidly expanding Kubernetes market by providing seamless troubleshooting and live debugging capabilities. With Pixie's telemetry data running entirely inside Kubernetes, developers will experience lower overhead and improved operational efficiency. New Relic plans to integrate Pixie's features into its New Relic One platform, further empowering developers in managing cloud-native applications.
New Relic, Inc. (NYSE: NEWR) has entered a five-year Strategic Collaboration Agreement with Amazon Web Services (AWS) to enhance product integration and development, aimed at streamlining cloud adoption for customers. This collaboration includes joint marketing efforts, consolidated purchases through AWS Marketplace, and simplified telemetry data integration from AWS services into New Relic One. The partnership positions New Relic as a key observability solution for AWS users, facilitating better service through improved software performance and uptime.
New Relic (NYSE: NEWR) was recognized as a Customers’ Choice in the 2020 Gartner Peer Insights ‘Voice of the Customer’: Application Performance Monitoring, achieving a top rating of 4.7 out of 5. This accolade reflects a recommendation rating of 91% from its global customer base, showcasing strong user satisfaction. Feedback highlights New Relic's effectiveness in monitoring complex environments and enhancing application performance, with users praising its usability and troubleshooting capabilities.
New Relic (NYSE: NEWR) has launched the Observability for Good program, aimed at providing NGOs and nonprofits with critical observability tools to enhance their digital operations. This initiative includes free access to New Relic One, offering services such as 1 TB of data ingest and five standard seats for Full Stack Observability. In partnership with Code for America, the program seeks to empower volunteer Brigades with the technological resources needed to build impactful applications. The initiative reflects New Relic's commitment to social impact and improving tech accessibility.
New Relic, Inc. (NYSE: NEWR) will report its financial results for Q2 ending September 30, 2020, after market close on November 5, 2020. An investor letter will be available on the company's website. Following the earnings release, a conference call will take place at 2 p.m. PT (5 p.m. ET) on the same day, with access via phone or live webcast. A replay will also be available until November 12, 2020. New Relic is recognized for its powerful cloud-based observability platform, aiding engineering teams in software performance and optimization.
FAQ
What is the market cap of New Relic (NEWR)?
What does New Relic, Inc. do?
What is the core business of New Relic?
What are some recent achievements of New Relic?
What current projects is New Relic working on?
How is New Relic's financial condition?
Who are New Relic's partners?
What products does New Relic offer?
What is New Relic's mission?
How does New Relic help with digital transformation?
What industries benefit from New Relic's solutions?
