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)-- #newrelic--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, has expanded the industry's largest open source integration ecosystem, New Relic Instant Observability to further democratize access to observability across the software stack. The company has grown its partnerships by 30% in six months, and now offers integrations with over 650 cloud services, open-source tools, and enterprise technologies. New Relic is rapidly growing its integrat.

New Relic Instant Observability Ecosystem Crosses 650 Integrations

SAN FRANCISCO--(BUSINESS WIRE)-- #aiops--New Relic, the all-in-one observability platform for every engineer, announced it has been named a Leader and Fast Mover in the 2023 GigaOm Radar for AIOps. The report evaluated 30 AIOps solutions providers based on specific metrics, including vendor execution, product roadmap, and ability to innovate. GigaOm positioned New Relic as close to the center of the Radar, outperforming direct competitors in the observability space, representing the highest overall valu.

New Relic Named AIOps Observability Leader by GigaOm

Investors interested in Internet - Software stocks are likely familiar with 8x8 (EGHT) and New Relic (NEWR). But which of these two companies is the best option for those looking for undervalued stocks?

EGHT vs. NEWR: Which Stock Is the Better Value Option?

SAN FRANCISCO--(BUSINESS WIRE)-- #amazonsecuritylake--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced an integration with the newly launched Amazon Security Lake. With this integration, New Relic customers can access and monitor their Amazon Security Lake security log data and events in New Relic. This allows users to leverage New Relic's platform security capabilities, such as vulnerability management, to remediate security incidents. Seeing security log data and events c.

New Relic Launches Amazon Security Lake Integration

New Relic is a strong buy due to its transition to a consumption-based business model, which has boosted margins and expansion potential. Whether standalone or as an acquisition target, New Relic's

New Relic: Full Steam Ahead; Buy With Confidence (Rating Upgrade)

EGHT vs. NEWR: Which Stock Should Value Investors Buy Now?

New Relic, Inc. (NYSE:NEWR ) Q4 2023 Results Conference Call May 23, 2023 5:00 PM ET Company Participants Ingo Friedrichowitz - SVP, IR & Corporate Finance Bill Staples - Chief Executive Officer David Barter - Chief Financial Officer Conference Call Participants Rob Oliver - Baird Kingsley Crane - Canaccord Tim Pusnik-Jausovec - Credit Suisse Rishi Jaluria - RBC Erik Suppiger - JMP Securities Andrew Sherman - TD Cowen Sanjit Singh - Morgan Stanley Imtiaz Koujalgi - Wedbush Michael Turits - KeyBanc Mark Cash - Raymond James Operator Good afternoon. My name is Hannah, and I will be your conference operator today.

New Relic, Inc. (NEWR) Q4 2023 Earnings Call Transcript

New Relic (NEWR) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $0.24 per share a year ago.

New Relic (NEWR) Surpasses Q4 Earnings and Revenue Estimates

New Relic Inc. shares NEWR, -1.16% sank more than 7% in after-hours trading Tuesday, after the software company that is reportedly considering acquisition bids disappointed with its forecasts. In an earnings report delivered after the bell, New Relic executives predicted fiscal first-quarter revenue of $238 million to $240 million and annual sales of $1.02 billion to $1.03 billion, which would be the company's first billion-dollar annual revenue total.

New Relic stock sinks as rumored acquisition target's forecast disappoints

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the fourth quarter and full fiscal year 2023 ended March 31, 2023. “We finished the fiscal year with consumption revenue growing in excess of 30% excluding the impact of migrations, with profitability at a new high watermark, and with our innovation leadership recognized broadly. I'm very grateful for such committed customers and all the hard wo.

New Relic Announces Fourth Quarter and Fiscal Year 2023 Results

SAN FRANCISCO--(BUSINESS WIRE)-- #apm--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced a new, deeply integrated experience for its infrastructure monitoring and APM capabilities that correlates the health and performance of applications and hosts in real-time. Engineers, DevOps, and ITOps can now quickly diagnose application and infrastructure performance issues, and avoid context switching or missing critical insights due to siloed infrastructure monitoring.

New Relic Launches New Infrastructure Monitoring To End Peak Billing And Screen Swivel

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4 Market Leaders To Watch Share This Bullish Trait; These 2 Report Earnings Soon

New Relic (NEWR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in New Relic (NEWR): Can Its 10.8% Jump Turn into More Strength?

Shares in software maker New Relic surged just before the market close on Wednesday amid buyout speculation. The post New Relic Surges On Report Private Equity Firms Readying Bid appeared first on Investor's Business Daily.

New Relic Surges On Report Private Equity Firms Readying Bid

Buyout firms Francisco Partners and TPG are teaming up in a $5 billion-plus bid.

Software Company New Relic in Talks to Be Sold

Private-equity firms TPG and Francisco Partners are preparing an offer of more than $5 billion to buy software firm New Relic Inc., NEWR, +10.81%, the Wall Street Journal reported on Wednesday. Both sides could arrive at a deal in the next few weeks, the Journal said, but added that discussions could still falter and other offers could still come in.

Private-equity firms preparing a $5 billion bid for New Relic: WSJ

Private-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Software company New Relic in talks to be sold - WSJ

BENGALURU, India--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that Zomato, a restaurant discovery, food ordering and delivery platform in India, has standardized on New Relic. By adopting New Relic, Zomato can continue to be highly-competitive in the food tech space and ensure high performance and reliability across its 17.4 million monthly transacting customers and 330,000 active restaurant partners in approximately 1,000 Indian.

Zomato Standardizes on New Relic

New Relic today announced Grok, a generative AI assistant to help teams run observability tasks through natural language prompts.

New Relic launches Grok, a generative AI assistant to monitor software performance

We're currently deep in the cycle of every enterprise-adjacent company integrating a large language model into its services. Today, New Relic is throwing its hat in the ring with Grok, which it calls the “world's first generative AI assistant for observability” (and I'm sure it won't be the last).

New Relic launches Grok, it's AI observability assistant

SAN FRANCISCO--(BUSINESS WIRE)-- #chatGPT--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced New Relic Grok, the world's first generative AI assistant for observability. New Relic Grok reduces the toil of manually sifting through data, makes observability accessible to all regardless of prior experience, and unlocks insights from any telemetry data source. Leveraging OpenAI's large language models (LLMs) and New Relic's unified telemetry data platform, New Relic G.

Introducing New Relic Grok, the Industry's First Generative AI Observability Assistant

SAN FRANCISCO--(BUSINESS WIRE)--New Relic. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced it will report its financial results for its fourth quarter and fiscal year 2023, which ended March 31, 2023, after market close on Tuesday, May 23, 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 Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results Conference Call and Analyst Day

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SAN FRANCISCO--(BUSINESS WIRE)-- #mercadolibre--New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced that Mercado Libre, the largest e-commerce and payments company in Latin America, is standardizing on OpenTelemetry and New Relic to advance its observability strategy. By using New Relic, Mercado Libre can ensure all of its more than 13,700 engineering and product team members have access to the same high-quality observability capabilities and best practices.

Mercado Libre Standardizes on New Relic for All of its 13,700 Engineering and Product Team Members

Does New Relic (NEWR) have what it takes to be a top stock pick for momentum investors? Let's find out.

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