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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, Inc. (NYSE: NEWR) plans to release its financial results for the fourth quarter ending March 31, 2022, after market close on May 12, 2022. An investor letter will be available on their website, and a conference call will be held at 2 p.m. PT (5 p.m. ET) on the same day. Participants can access the call by dialing (646) 904-5544 in the U.S. or (929) 526-1599 internationally. A replay will be available until May 19, 2022. New Relic specializes in observability, providing tools for engineers to enhance software performance.
New Relic (NYSE: NEWR) and Postman announced a two-way integration that allows developers to monitor and optimize API performance at no extra cost. With this integration, the 17 million developers using Postman can seamlessly send API metrics to New Relic, enabling real-time observability into performance indicators such as latency and error rates. The integration aims to enhance API observability by providing a unified dashboard and advanced alerting capabilities. It is available to all New Relic customers without additional fees, promoting improved API functionality and quality.
New Relic (NYSE: NEWR) announced the launch of a groundbreaking service level management experience that allows developers and executives to monitor system uptime and reliability with ease. This innovative feature enables one-click setup of Service Level Indicators (SLIs) and Objectives (SLOs), providing powerful customization options, unified health reports, and alerting—all at no additional cost for users of the New Relic One platform. The service is now available globally, enhancing operational performance without extra licensing barriers.
New Relic (NYSE: NEWR) announced the agenda for FutureStack 2022, scheduled for May 17-19 in Las Vegas. The conference aims to enhance software engineering through a data-driven approach, featuring keynotes from industry leaders including Steve Wozniak and NASA's Dr. Moogega Cooper. Attendees will engage through hands-on labs, workshops, and deep dives into observability practices that improve software performance. Key highlights include insights from 50 software experts and advanced training from New Relic University.
New Relic (NYSE: NEWR) has launched a new Kubernetes experience that integrates application and cluster performance data within its New Relic One Application Performance Monitoring platform. This innovation aims to provide engineers with a cohesive interface, enhancing their ability to analyze performance, troubleshoot issues, and optimize container-based applications.
According to industry data, the adoption of Kubernetes and containers is on the rise, with 93% of organizations using or planning to use containers. New Relic's platform now offers real-time alerts and contextual logs, achieving more value compared to competitors with agent-based pricing.
New Relic, the observability company, will present at three upcoming investor conferences in March 2022. These include the Berenberg Thematic Software Conference on March 2 at 3:00 p.m. ET, the JMP Securities Technology Conference on March 7 at 8:30 a.m. PT, and the Morgan Stanley Tech Conference on March 8 at 3:00 p.m. PT. Live webcasts will be available on their investor relations page, with replays afterward.
New Relic (NYSE: NEWR) announced the launch of its new infrastructure monitoring experience designed for public, private, and hybrid clouds. This tool enhances the ability of DevOps, SRE, and ITOps teams to identify and resolve performance issues by allowing users to isolate bottlenecks, analyze related telemetry, visualize topology maps, and perform historical analyses. The offering promises over 3X more value compared to competitors, with no additional costs for existing users. The capability is now available globally as part of the New Relic One platform.
New Relic, Inc. reported a 22% year-over-year revenue increase for Q3 FY2022, totaling $204 million, exceeding guidance. Despite a GAAP operating loss of $(52) million and a non-GAAP loss of $(11) million, the company successfully migrated 80% of its business to a consumption model. Key metrics include a GAAP gross margin of 66% and non-GAAP gross margin of 68%. Looking ahead, the Q4 FY2022 revenue outlook is between $204 million and $206 million, expecting 18%-19% growth.
New Relic, Inc. (NYSE: NEWR) announced its upcoming third-quarter financial results for the period ending December 31, 2021, due for release after market close on February 8, 2022. An investor letter will be available on their website. A conference call is scheduled for 2 p.m. PT (5 p.m. ET) on the same day to discuss the results. This event allows investors to gain insights into the company's performance and potential future outlook.
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