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 launched New Relic Vulnerability Management, a platform enabling engineers to identify and prioritize security risks throughout the software development lifecycle (SDLC). This tool aggregates both native and third-party security signals, providing a comprehensive view of vulnerabilities across the software stack. The feature is available free for all full platform users with the Data Plus SKU. New Relic aims to enhance secure software delivery by facilitating collaboration across engineering teams and breaking down silos in security management.
New Relic (NYSE: NEWR) has announced enhanced Kubernetes integration and support for the Pixie plugin at KubeCon + CloudNativeCon Europe 2022. These updates aim to optimize monitoring efficiency by reducing memory usage by 80% and providing flexible data scraping intervals. The integration supports external control planes, ensuring compliance and security. These developments align with the widespread adoption of Kubernetes, with 93% of organizations planning to use containers in production. New Relic emphasizes its commitment to observability through significant investments in open source and cloud-native communities.
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New Relic, Inc. (NYSE: NEWR) reported a 19% increase in fourth quarter revenue, reaching $206 million, and an 18% rise in fiscal 2022 revenue to $786 million. Despite this growth, the company faced a GAAP operating loss of $(56) million for Q4, totaling $(229) million for the year. The non-GAAP losses were $(16) million in Q4 and $(49) million for fiscal 2022. Cash flow from operations stood at $50 million, with cash reserves of $829 million. The outlook for Q1 FY2023 predicts revenue between $212 million and $214 million, while full-year guidance anticipates revenue between $920 million and $930 million.
New Relic (NYSE: NEWR) has announced its participation in several upcoming investor conferences. Management will present at:
- J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 10:40 a.m. ET.
- Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 3:55 p.m. ET.
- Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 9:40 a.m. ET.
Live webcasts can be accessed on New Relic's investor relations page, with replays available afterward.
New Relic (NYSE: NEWR) has announced a new add-on for Amazon EKS Blueprints, enhancing automation for Kubernetes observability within AWS clusters. This offering allows engineers to streamline observability instrumentation, reducing the need for specialized expertise. Key features include automated observability component deployment, standardization of monitoring practices, and enhanced performance analytics in a unified UI. The add-on is available to all current customers at no additional cost, while new users can access it for free. This aligns with New Relic's ongoing collaboration with Amazon Web Services.
New Relic, Inc. (NYSE: NEWR) will host its Analyst Day on May 18, 2022, at The Cosmopolitan Hotel in Las Vegas, coinciding with FutureStack 2022. This event aims to showcase New Relic’s products in observability and telemetry data, highlighting current and future market opportunities. The presentation will start at 3 p.m. PT and can also be accessed via a live web broadcast. Attendees will gain insights from industry leaders and can register by contacting AnalystDay@newrelic.com.
New Relic (NYSE: NEWR) has launched a significant update to its New Relic Infinite Tracing solution, enhancing engineers' ability to isolate performance bottlenecks. This update supports full-stack visibility for browser, mobile, and serverless applications. The service is now available regionally in Europe, Asia, and Australia, ensuring low cloud egress costs and compliance. Customers on Pro and Enterprise plans can access these features at no extra charge, simplifying setup and enhancing operational efficiency.
New Relic (NYSE: NEWR) launched Data Plus, an observability solution that provides extended performance and governance capabilities. This offering, available from June 1, 2022, is priced at $0.50 per gigabyte, 56% cheaper than purchasing each capability separately. Key features include 90 days of extended data retention, three times the maximum query limit, and compliance with FedRAMP and HIPAA. As 91% of IT decision-makers adopt observability practices, Data Plus aims to make these capabilities accessible to engineering teams of all sizes.
New Relic (NYSE: NEWR), the first HIPAA-compliant observability platform, has achieved HITRUST Risk-based, 2-year Certification, reinforcing its commitment to securing patient Protected Health Information (PHI). This certification positions New Relic in a select group of organizations globally, ensuring compliance with key regulations and robust risk management. Following the launch of its industry-first HIPAA-compliant observability platform, New Relic aims to support healthcare organizations in their digital transformation during the COVID pandemic by overcoming challenges related to telemetry data security.
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