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 announced that Intelligent Growth Solutions (IGS), an agritech company, has successfully consolidated its monitoring needs using New Relic, reducing its monitoring spend by 58%. This strategic move has allowed IGS to enhance operational efficiency and redirect its software development efforts towards innovation in sustainable agriculture solutions. Key benefits include an 80% reduction in issue resolution time, transitioning to proactive monitoring, and improved insights into microservices relationships. As a result, IGS now achieves faster issue detection, ultimately enhancing the reliability of its vertical farming systems.
New Relic (NYSE: NEWR) has launched a novel MLOps capability allowing engineers to monitor applications using OpenAI’s GPT APIs with just two lines of code. This integration enables real-time tracking of performance and cost metrics, enhancing the application of AI technologies. The offering is available at no cost for full platform users, expanding New Relic's developer audience. Key features include free access to New Relic Instant Observability, easy installation, real-time cost tracking, and performance optimization insights. This initiative positions New Relic as a leader in observability for AI-driven applications.
New Relic (NYSE:NEWR) and JFrog (NASDAQ:FROG) have announced a new integration that enhances software development operations by providing engineering teams with unified visibility into CI/CD pipelines and application performance. This integration, available at no additional cost for all New Relic users, allows teams to monitor security and performance effectively throughout the software development life cycle (SDLC). Key benefits include actionable insights, vulnerability mitigation, and improved software supply chain performance, helping teams deliver quality software faster. It empowers DevOps and security leaders to tackle supply chain performance issues efficiently.
New Relic has been recognized as a Leader and Outperformer in the 2023 GigaOm Radar for Cloud Observability Solutions. The evaluation assessed 21 providers based on product capabilities, roadmap, ecosystem strength, and execution, positioning New Relic near the center for overall customer value. The company's all-in-one observability platform offers full lifecycle visibility, pricing as a single package, and a hyperscale data cloud platform. New Relic’s innovative solutions enhance uptime, operational efficiency, and customer experiences, indicating strong market relevance.
New Relic announced the launch of CodeStream, an observability feature integrating code-level metrics and service-level telemetry directly into developers' IDEs. This innovation allows developers to address code performance issues swiftly, enhancing productivity throughout the software development lifecycle (SDLC). New Relic's approach reduces the disconnect between coding and observability, crucial given that poor software quality costs the U.S. economy $2.41 trillion. CodeStream supports core programming languages, including .Net, Java, PHP, Python, and more, and is available at no extra cost to full platform users.
New Relic (NYSE: NEWR) has announced its participation in several upcoming investor conferences. Key events include:
- Wolfe Research Software Conference on February 28, 2023 (CFO David Barter)
- Bernstein TMT & Consumer 1:1 Forum on March 1, 2023 (CFO David Barter)
- JMP Securities Technology Conference on March 6, 2023 at 10:00 a.m. PT (CEO Bill Staples)
- Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023 at 8:00 a.m. PT (CEO Bill Staples)
Live webcasts of these presentations will be available on New Relic's investor relations page.
New Relic (NYSE: NEWR) has partnered with Benevity to standardize its observability practice on New Relic’s all-in-one platform, improving uptime across
New Relic (NYSE: NEWR) has partnered with William Hill, a leading gaming company, to enhance its observability strategy. This collaboration consolidates three monitoring tools into New Relic's platform, aimed at achieving 100% uptime for online betting services that handle up to 5 million digital transactions daily. Key benefits include a 35% reduction in detection time, 30% less resolution time, and 60% fewer false alerts. New Relic's all-in-one observability solution allows teams to proactively manage incidents and understand the revenue impact of outages, positioning it as an essential tool for digital businesses.
New Relic reported Q3 FY2023 revenue of $239.8 million, an 18% year-over-year increase from $203.6 million. Gross margin rose to 74.4%, up from 66.2%, while non-GAAP gross margin reached 77.6%. The company narrowed its loss from operations to $(29.1) million, improving $22.8 million year-over-year. Non-GAAP operating income was $18.7 million, contrasting with a $(10.6) million loss last year. New Relic is guiding Q4 revenue between $240 million and $242 million, reflecting year-over-year growth of 16.6%-17.6%. The company added over 800 new paid customers and expanded its offerings, enhancing its market position.
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