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.

SYDNEY--(BUSINESS WIRE)-- #applicationperformancemonitoring--Virgin Australia deepens its partnership with New Relic to drive enhanced customer experiences across its digital landscape.

Virgin Australia Standardizes on New Relic to Enhance Online Services

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating the proposed stockholder buyout of New Relic, Inc. (“New Relic”) (NYSE: NEWR) on behalf of the company's shareholders. On July 31, 2023, New Relic announced that it would be acquired by private investment firms Francisco Partners and TPG at a price of $87.00 per share in cash. Following the closing of the proposed transaction, New Relic shareholders will be cashed out of their investment position and the company's.

NEWR BUYOUT ALERT: Kaskela Law LLC Announces Investigation of New Relic, Inc. (NYSE: NEWR) Buyout and Seeks Additional Cash for Investors

Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with the matter said.

Focus: How two private equity firms negotiated New Relic deal down to $6.5 bln

LOS ANGELES, CA / ACCESSWIRE / August 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in New Relic, Inc. ("New Relic" or "the Company") (NYSE:NEWR) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Francisco Partners ("Francisco"). The investigation focuses on determining if the New Relic board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether Francisco is underpaying for the Company.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against New Relic, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

HMI Capital Management, L.P. (Trades, Portfolio), a San Francisco-based investment firm, has recently expanded its portfolio by acquiring an additional 3,079 shares of New Relic Inc ( NEWR , Financial).

HMI Capital Management, L.P. Increases Stake in New Relic Inc

MILWAUKEE , Aug. 1, 2023 /PRNewswire/ -- Ademi LLP is investigating New Relic (NYSE: NEWR) for possible breaches of fiduciary duty and other violations of law in its transaction with Francisco Partners and TPG Capital.  Click here to learn how to join the action https://www.ademilaw.com/case/new-relic-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether New Relic, Inc. has obtained a Fair Price in its transaction with Francisco Partners and TPG Capital

New Relic shares took off on Monday after the software company announced it has agreed to be acquired by investment firms Francisco Partners and TPG for $87 per share in cash, valuing the company at approximately $6.5 billion. The company said in a statement that this purchase price represents a premium of about 26% to New Relic's 30-day volume weighted average closing price ending on July 28, 2023.

New Relic to be taken private by Francisco Partners and TPG in $6.5B deal

Shares of software firm New Relic (NYSE: NEWR ) drove significantly higher on Monday following the announcement of a private equity deal. According to Investor's Business Daily, Francisco Partners and TPG (NASDAQ: TPG ) jointly declared plans to acquire New Relic and take it private.

Why Is New Relic (NEWR) Stock Up 13% Today?

New Relic stock catapulted Monday after Francisco Partners and TPG announced its takeover, valuing the platform at roughly $6.5 billion.

New Relic Nabs $6.5 Billion Valuation As Investment Firms Look To Take It Private

New Relic (NEWR) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss of $0.26 per share a year ago.

New Relic (NEWR) Surpasses Q1 Earnings and Revenue Estimates

New Relic, the San Francisco-based observability software company, has reached an agreement with private equity firms TPG and Francisco Partners to go private in a $6.5 billion all-cash deal.

New Relic agrees to go private in $6.5B all-cash deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of New Relic, Inc. (NYSE: NEWR) to Francisco Partners for $87.00 per share in cash is fair to New Relic shareholders. Halper Sadeh encourages New Relic shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether New Relic and.

NEWR Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of New Relic, Inc. Is Fair to Shareholders

The consortium offered $87 per share in an all-cash deal to take New Relic private on Monday.

Francisco Partners & TPG to take New Relic private in $6 billion deal

Shares of New Relic Inc. NEWR, +1.44% shot up 12.8% in premarket trading Monday, after the “observability” platform for software engineers announced a deal to be acquired by investment firms Francisco Partners and TPG Inc. TPG, +0.91% in a deal valued at about $6.5 billion. Under terms of the deal, each New Relic share would be exchanged for $87 in cash, which represents a 17.5% premium to Friday's closing price of $74.05.

New Relic stock soars after $6.5 billion buyout deal with Francisco Partners and TPG

SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the first quarter of fiscal year 2024. Fiscal 2024 First Quarter Results: Revenue: Total revenue was $242.6 million, up 12% from $216.5 million one year ago. Consumption revenue was $213.9 million, up 39% year over year. Gross Margin and Non-GAAP Gross Margin(1): Gross margin was 77.6%, compared to 70.5% one year ago. Non-GAAP gross margin was 7.

New Relic Announces First Quarter Fiscal Year 2024 Results

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, today announced that it has entered into a definitive agreement to be acquired by Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, for $87.00 per share in cash. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion. The.

New Relic to be Acquired by Francisco Partners and TPG for $6.5 Billion

SAN FRANCISCO--(BUSINESS WIRE)-- #DevSecOps--New Relic IAST accelerates security testing, enabling dev, ops, and security teams to ship secure code faster.

New Relic Launches Interactive Application Security Testing

BANGALORE, India--(BUSINESS WIRE)-- #APM--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that Zoomcar, the leading marketplace for car sharing in emerging markets, has standardized on its platform to help deliver superior customer experiences, drive business growth, and create a unified experience for its engineers. With 90% of India's car sharing market and a strong focus on mobile experience, Zoomcar selected New Relic for its significant cost savings ove.

Zoomcar Standardizes on New Relic

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for fiscal year 2024 first quarter, which ended June 30, 2023, after market close on Tuesday, August 8, 2023. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to review the financial results and business outlook with the investment community. A live webcast and replay of the event will be available on the New Relic.

New Relic Announces Date of First Quarter Fiscal Year 2024 Financial Results Conference Call and Participation in an Upcoming Investor Conference

SAN FRANCISCO--(BUSINESS WIRE)-- #esg--New Relic (NYSE: NEWR), the observability company, published its second annual environmental, social, and governance (ESG) 2023 Impact Report. The report highlights the company's progress in executing its ESG strategy, including being the first observability company to set a goal to achieve net-zero greenhouse gas (GHG) emissions by 2030. It also details how the company is expanding access to the New Relic observability platform by donating $8.5 million in produc.

New Relic Releases ESG Impact Report for Fiscal Year 2023

SAN FRANCISCO--(BUSINESS WIRE)-- #apm--New Relic, the all-in-one observability platform for engineers, announced it has been named a Leader in the 2023 Gartner Magic Quadrant for Application Performance Monitoring and Observability. The report provides an assessment of 20 application performance monitoring (APM) and observability vendors based on specific evaluation metrics, including current product/service capabilities, market understanding and responsiveness, innovation, and strategy. For the 11th.

New Relic Named Leader in 2023 Gartner® Magic Quadrant™ for APM and Observability for the 11th Consecutive Time

Investors interested in Internet - Software stocks are likely familiar with 8x8 (EGHT) and New Relic (NEWR). But which of these two stocks presents investors with the better value opportunity right now?

EGHT or NEWR: Which Is the Better Value Stock Right Now?

Limited growth, high valuation, and strong competition make paying a premium for New Relic, Inc. stock less appealing. Concerns about profitability: while there was improvement, future non-GAAP operating margins are not expected to be significantly higher, affecting underlying profits. I turn neutral on this stock.

New Relic: The Impact Of Revenue Growth Deceleration (Rating Downgrade)

Ford Motor Company

Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.

2023 Layoff Tracker: New Relic Cuts 150 Jobs While Ford Slashes 1,000, Report Says

SAN FRANCISCO--(BUSINESS WIRE)-- #APM--New Relic, the all-in-one observability platform for every engineer, launched New Relic APM 360, the industry's next evolution of application performance monitoring (APM) that goes beyond incident troubleshooting insights for select experts to daily performance, security, and development insights for all engineers. APM 360 correlates all essential telemetry data across the application stack and development cycle, such as deployment changes, key transactions, serv.

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