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 an innovative change tracking solution that enhances the visibility of change events within the engineering stack. This feature enables teams to monitor changes—from deployments to configuration modifications—quickly correlating them with performance data to address issues effectively. Notably, outages can cost businesses up to USD 300,000 per hour, making this tool essential for maintaining system reliability. Available at no extra cost to full platform users, the change tracking solution integrates seamlessly with CI/CD tools, providing engineers with fast context for change-related incidents.
New Relic (NYSE: NEWR) has announced the launch of the Azure Native New Relic Service on the Microsoft Azure Marketplace. This service enhances enterprise cloud migration and multi-cloud efforts by allowing Azure customers to collect and store telemetry data using New Relic’s observability platform. Customers can use their committed Azure spend to fund this service. The collaboration aims to provide better integration for developers to monitor applications and infrastructure effectively. New Relic’s observability tools will support the growing trend of multi-cloud initiatives, allowing users to optimize resources and troubleshoot issues efficiently.
New Relic (NYSE: NEWR) will announce its financial results for the third quarter of fiscal year 2023 on February 7, 2023, after market close. The report will cover the period ending December 31, 2022. A conference call to discuss the results and business outlook is scheduled for 2:00 p.m. PT / 5:00 p.m. ET. This event will be accessible via a live webcast on New Relic's Investor Relations website. New Relic focuses on providing a unified observability platform, helping brands like Adidas Runtastic, American Red Cross, and Banco Inter improve their operational efficiency and customer experience.
New Relic (NYSE: NEWR) has launched its Vulnerability Management solution, enabling organizations to manage security vulnerabilities as part of their observability practice. This tool provides zero configuration visibility, integrates third-party data, and includes new vulnerability testing capabilities, available at promotional pricing until the end of January. The solution allows teams to identify and triage vulnerabilities seamlessly across their tech stack, helping avoid tool silos. New Relic aims to enhance application security and streamline workflows for development, security, and operations teams. General availability in the EU is projected for February 15, 2023.
New Relic has launched enhanced error tracking capabilities to aid engineering teams in detecting and managing software errors proactively. These improvements offer a user impact view, correlation across traces and logs, and seamless integration with Slack for faster triage and resolution. In the past year, engineering teams have identified over 1 million errors using New Relic's platform. The new features are designed to enhance customer experience by minimizing unnoticed errors that could disrupt operations. Error tracking is now available for free to all New Relic users.
New Relic has expanded its integration ecosystem by over 25% in 2022, now offering more than 500 integrations with leading cloud services, open source tools, and enterprise technologies. The recent appointment of Gal Tunik as vice president of product partnerships aims to accelerate observability practices for engineering teams across various industries. The company's 2022 Observability Forecast indicates that businesses are increasingly prioritizing observability technologies, with significant growth expected by 2025. Key partnerships with major providers like AWS and Microsoft Azure further enhance New Relic's offerings.
New Relic (NYSE: NEWR) announced new integrations with Amazon Web Services at AWS re:Invent 2022. The integrations support AWS Compute Optimizer, AWS Lambda Extensions, and AWS App Runner, enhancing observability for engineers. These tools enable customers to reduce costs, optimize performance, and accelerate cloud migration. The partnership aims to simplify observability, helping clients monitor their entire stack efficiently. New Relic continues to expand its offerings with no additional costs for AWS users.
New Relic reported strong financial results for Q2 FY 2023, achieving revenue of $226.9 million, a 16% increase from last year. The company realized a non-GAAP operating income of $6.9 million, marking a significant turnaround from the previous year’s loss. Additionally, cash flows from operating activities improved drastically to $36.3 million.
Looking ahead, New Relic expects Q3 revenue between $230 million and $235 million and FY 2023 revenue between $912 million and $920 million, indicating robust growth projections.
New Relic (NYSE: NEWR) has announced a collaboration with Carta and Zendesk to enhance its startups initiative. This partnership aims to provide early-stage engineering teams with access to industry-leading tools for observability, enabling better software performance and customer experiences. The program, originally launched in 2021, has expanded to hundreds of startups across various sectors.
Eligible startups will benefit from discounted access to New Relic's observability platform, along with tools from Carta and Zendesk. The collaboration simplifies access to essential resources for startups, supporting their growth and efficiency.
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?
