New Relic

New Relic, Inc. engages in the provision of software solutions. It delivers an open and extensible cloud-based platform that enables organizations to collect, store and analyze massive amounts of data in real time to better operate applications and infrastructure. It offers solutions to e-commerce and retail, media, and public sector industries. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.

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NEWR reports strong Q1 performance, expects 38% consumption revenue growth

NEWR's Q1 performance reflects robust growth in consumption revenue, profitability, and customer base expansion. Challenges include customer spend reduction and migration impact on short-term revenue growth.

New Relic surpasses Q3 targets, eyes growth through customer focus

New Relic (NEWR) delivered strong financial performance in Q3 2023, exceeding revenue and profitability targets and showcasing robust customer growth.
The company's strategic strengths in product-led growth, pricing advantages, and customer retention initiatives position them well for continued success and revenue expansion.
Challenges in aligning consumption behavior with revenue patterns and balancing profitability amidst expansion efforts highlight areas for strategic focus and operational optimization.
Opportunities in leveraging data adoption rates, multi-year commitments, and market expansion efforts present avenues for sustained growth and profitability in the coming quarters.

New Relic excels in Q4 2023 with consumption model growth and profitability focus

New Relic's Q4 2023 earnings call highlighted strong financial results, customer growth, and product innovation. The company's strategic focus on transitioning to a consumption model, cloud optimization, and profitability enhancement underscores its commitment to sustainable growth. Challenges in customer transition and potential churn rates require careful management.

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New Relic is a digital intelligence company that delivers full-stack visibility and analytics with more than 14,000 paid business accounts. The New Relic digital intelligence platform provides actionable insights to drive digital business results.  The company was founded in 2008 and is headquartered in San Francisco, California.

SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc. (NYSE: NEWR), the observability company, released the findings of its 2021 Observability Forecast. The survey of nearly 1,300 software engineers, developers and IT leaders uncovered that while 90% of respondents believe observability is important and strategic to their business—and 94% believe it to be strategic to their role—just 26% noted mature observability practices within their business. Recognizing the importance of closing that gap, 81% of

New Relic Launches Industry's Most Comprehensive Global Research on Observability

New Relic, once the industry standard in infrastructure monitoring, can now benefit from its return to underdog status. The company recently released strong fiscal Q1 results that re-sparked investor enthusiasm for this value stock.

New Relic: Steady Execution Will Drive The Stock Price Up

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New Relic, Inc. (NEWR) CEO Bill Staples on Q1 2022 Results - Earnings Call Transcript

Shares of New Relic (NYSE:NEWR) were unchanged in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 266.67% year over year to ($0.25), which beat the estimate of ($0.37).

New Relic: Q1 Earnings Insights

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the first quarter of fiscal year 2022. “We aspire to help millions of developers and engineers build better software, faster and with less toil, by making observability a daily part of a data-driven engineering approach across the entire software lifecycle,” said Bill Staples, CEO, New Relic. “My top priority is to return our revenue to market growth rates by making thi

New Relic Announces First Quarter Fiscal Year 2022 Results

New Relic (NEWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate New Relic (NEWR) to Report a Decline in Earnings: What to Look Out for

SAN FRANCISCO--(BUSINESS WIRE)-- #APM--New Relic, Inc. (NYSE: NEWR), the observability company, launched the industry's first HIPAA-compliant observability platform for monitoring application and infrastructure performance of systems containing Protected Health Information (PHI). Unlike other monitoring tools that only offer log management, New Relic One is the first HIPAA-compliant cloud-based observability platform for all telemetry data―including metrics, events, logs and distributed traces―across

New Relic Launches Industry's First HIPAA-Compliant Observability Platform to Help Healthcare and Life Sciences Organizations Deliver ‘More Perfect Software'

SAN FRANCISCO--(BUSINESS WIRE)-- #chiefdataofficer--New Relic, Inc. (NYSE: NEWR), the observability company, announced the appointment of Anita Lynch to Chief Data Officer and additional promotions to the company's C-Suite. Lynch joins New Relic from The Walt Disney Company where she served as Vice President, Data Governance for Media and Entertainment Distribution (DMED) and Disney Streaming. Kristy Friedrichs, who served as New Relic's Chief People Officer for the past four years, has been promoted to the role o

New Relic Announces Appointment of Former Disney Executive Anita Lynch as Chief Data Officer and Promotions to C-Suite Leadership

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the observability company, announced today that it will report its financial results for the first quarter ended June 30, 2021, after market close on Tuesday, August 3, 2021. In conjunction with its earnings press release, New Relic will post an investor letter to the investor relations page of its company website at http://ir.newrelic.com. New Relic will host a conference call to answer questions at 2 p.m. Pacific Time (5 p.m. Easte

New Relic Announces Date of First Quarter Fiscal Year 2022 Financial Results Conference Call

SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc. (NYSE: NEWR), the observability company, today announced that it has appointed RK Mahendran, partner at HMI Capital Management L.P. (“HMI Capital”), the largest institutional shareholder in New Relic, to its Board of Directors, effective on June 24, 2021. Additionally, the New Relic Board has determined to seek shareholder approval at its upcoming 2021 annual meeting for the declassification of the Board. If the approval is obtained, the Board wil

New Relic Appoints RK Mahendran, Partner at HMI Capital, as Director

New Relic's stock is riding on a high after posting much stronger-than-expected Q3 results. On top of the company's portfolio simplification, New Relic notes that its transition toward a consumption-based pricing model is going well.

New Relic Is Getting A Complete Overhaul

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SAN FRANCISCO--(BUSINESS WIRE)-- #futurestack--FUTURESTACK – New Relic, Inc. (NYSE: NEWR), the observability company, announced a series of new product innovations and community initiatives at its annual developer conference, FutureStack 2021, to help engineers make observability a data-driven approach to how they plan, build, deploy and run software. New Relic launched its new Kubernetes experience, powered by Auto-Telemetry with Pixie, which integrates with New Relic One to deliver instant Kubernetes observ

New Relic Unveils Innovation and Community Initiatives to Put Power of Telemetry Data in the Hands of Every Engineer at Every Stage of the Software Lifecycle

We decided to dig into the company's financials to see just what challenges Bill Staples might face as he moves into the corner office.

New Relic's business remodel will leave new CEO with work to do

New Relic, Inc. (NEWR) CEO Lew Cirne on Q4 2021 Results - Earnings Call Transcript

The $3.57 billion monitoring and data software company New Relic announced on Thursday that Lew Cirne, its founder, is stepping down as CEO as it transitions to a new business model.  President and chief product officer Bill Staples will step up as the new chief executive, effective July 1, even as Cirne takes the title of executive chairman. Cirne has served as CEO since founding the company in 2008 — "New Relic" itself is actually an anagram for "Lew Cirne."

$3.57 billion New Relic announced that its founder will be replaced as CEO as it undergoes a big, rocky transition to its business model (NEWR)

Shares of New Relic, which provides software to monitor IT network performance, fell more than 5% in late trading Thursday after the company reported earnings and announced that founder and CEO Lew Cirne is stepping down.

New Relic Stock Slides on Mixed Outlook, and Its CEO Is Stepping Down

Shares of New Relic (NYSE:NEWR) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 292.86% over the past year to ($0.27), which beat the estimate of ($0.45).

Recap: New Relic Q4 Earnings

At the market close this afternoon ahead of its earnings report, New Relic, an applications performance monitoring company, announced that founder Lew Cirne would be stepping down as CEO and moving into the executive chairman role. At the same time, the company announced that Bill Staples, a software industry vet, would be taking over as […]

New Relic is bringing in a new CEO as founder Lew Cirne moves to executive chairman role

SAN FRANCISCO--(BUSINESS WIRE)-- #newrelic--New Relic, Inc. (NYSE: NEWR), the observability company, announced the promotion of Bill Staples to CEO effective July 1, 2021. Staples will succeed Founder & CEO Lew Cirne who will transition to Executive Chairman of the Board at the same time. Cirne will continue his lifelong legacy and passion for his love of software as an inventor, technologist and strategist, further driving transformational innovation for the company, its customers and the tech communi

New Relic to Promote Cloud Industry Veteran Bill Staples to CEO

SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the fourth quarter and full fiscal year 2021 ended March 31, 2021. The company also announced the promotion of Bill Staples to Chief Executive Officer, effective July 1, 2021. Mr. Staples will succeed founder and Chief Executive Officer, Lew Cirne, who will transition to Executive Chairman of the Board at the same time. “FY21 was a transformational year for New Relic, a

New Relic Announces Fourth Quarter and Full Fiscal Year 2021 Results

SAN FRANCISCO--(BUSINESS WIRE)-- #CloudNativeCon--New Relic, Inc. (NYSE: NEWR), the observability company, today announced it has joined the Cloud Native Computing Foundation (CNCF) Governing Board as a platinum member. New Relic supports CNCF's mission of making cloud-native computing ubiquitous by providing governance, thought leadership, and engineering resources to shape and influence the direction of the cloud-native ecosystem. As part of this mission, as well as New Relic's commitment to making observabili

New Relic Joins Cloud Native Computing Foundation Governing Board and is in the Process of Contributing Pixie Open Source for Kubernetes-Native Observability

SAN FRANCISCO--(BUSINESS WIRE)-- #futurestack--New Relic, Inc. (NYSE: NEWR), the observability company, today unveiled the agenda for FutureStack, its annual conference for the global community of engineers and developers passionate about data-driven software development and operations. On May 25-27, thousands of engineers from the largest global enterprises to hypergrowth digital startups will gather virtually to bolster how they plan, build and operate mission critical digital experiences. Through keynotes,

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