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.

Shares of New Relic have cratered after the company released strong Q4 earnings results; year to date, the stock has lost more than half of its value. Meanwhile, revenue growth continued at a healthy ~20% y/y pace, with net revenue retention rates also increasing.

New Relic: Now Is The Time To Buy

Investors were disappointed with the company's fourth-quarter results.

Why New Relic Stock Fell Today

New Relic, Inc. (NYSE:NEWR ) Q4 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Peter Goldmacher - VP IR Bill Staples - CEO Mark Sachleben - CFO Conference Call Participants Rob Oliver - Baird Sanjit Singh - Morgan Stanley Adam Tindle - Raymond James Rishi Jaluria - RBC Erik Suppiger - JMP Securities Mike Cikos - Needham and Company Michael Turits - KeyBanc Operator Good afternoon. Thank you for attending the New Relic 4Q FY 2022 Earnings Call.

New Relic, Inc. (NEWR) CEO Bill Staples on Q4 2022 Results - Earnings Call Transcript

New Relic (NEWR) delivered earnings and revenue surprises of -14.29% and 0.41%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

New Relic (NEWR) Reports Q4 Loss, Tops Revenue Estimates

FIGS

Indexes largely got a pause in the downdraft.

Figs, New Relic Lead After-Hours Decliners as Markets Close Mixed

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced that Mark Sachleben has decided to retire from his role as Chief Financial Officer. While the company engages in a comprehensive search for his successor, Sachleben will remain in his role until his successor is named and the company has completed the successful transition. “On behalf of the Board and management team, I thank Mark for his leadership, commitment and contributions to New Relic since its f

New Relic Announces Chief Financial Officer Transition

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the fourth quarter and full fiscal year 2022 ended March 31, 2022. “We finished FY22 with revenues of $786 million, well above the guidance of $710 million we set a year ago,” said New Relic CEO Bill Staples. “This was a transformative year for New Relic and I'm very proud of all the hard work our people put in to get here. I am excited to continue to execute against ou

New Relic Announces Fourth Quarter and Full Fiscal Year 2022 Results

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SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, today announced expanded support for Amazon Elastic Kubernetes Service (Amazon EKS), with an add-on for Amazon EKS Blueprints that automates and standardizes how engineers add observability instrumentation to software deployed on Kubernetes. The new add-on deploys New Relic's Kubernetes observability components — including infrastructure agents, Kube events, logging, auto-telemetry with Pixie, and New Relic's Pro

New Relic Launches Add-On for Amazon EKS

SAN FRANCISCO--(BUSINESS WIRE)-- #analystday--New Relic, Inc. (NYSE: NEWR), the observability company, announced that it will be hosting an Analyst Day on Wednesday, May 18 at The Cosmopolitan Hotel in Las Vegas. The event is taking place in conjunction with FutureStack 2022, the company's annual customer and developer conference. Analyst Day will offer an opportunity for investors to learn more about how New Relic's products, purpose-built for a consumption model, are designed to address the near-term marke

New Relic Announces Analyst Day at Annual FutureStack Conference in Las Vegas

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, launched a major update to New Relic Infinite Tracing®, its fully managed tracing solution that can analyze 100% of customer tracing data for rapid performance bottleneck isolation. The launch includes two major innovations that help engineering teams across the globe. First, front-end and full-stack developers can now analyze distributed traces generated by browser, mobile, and serverless applications along with

New Relic Adds Infinite Tracing for Browser, Mobile, and Serverless Applications

SAN FRANCISCO--(BUSINESS WIRE)-- #newrelic--New Relic (NYSE: NEWR), the observability company, announced a new Data Plus offering to give engineering teams of all sizes access to industry-leading performance, scale, and governance capabilities as their observability practices mature. The New Relic Data Plus offering makes capabilities previously only deployed within large scale enterprise environments accessible to every engineering team to help scale their observability practices. These additional capabil

New Relic Launches Data Plus Offering to help All Engineering Teams Accelerate Observability Maturity

SAN FRANCISCO--(BUSINESS WIRE)-- #hippa--New Relic (NYSE: NEWR), the observability company, today announced that the New Relic One Platform hosted in Amazon Web Services (AWS) has earned Certified status for information security by HITRUST. HITRUST Risk-based, 2-year (r2) Certified status demonstrates that the organization's New Relic One Platform hosted in Amazon Web Services (AWS) has met key regulations and industry-defined requirements and is appropriately managing risk. This achievement places New

New Relic Achieves HITRUST Certification for Its Observability Platform

SAN FRANCISCO--(BUSINESS WIRE)-- #earnings--New Relic, Inc. (NYSE: NEWR), the observability company, announced today that it will report its financial results for the fourth quarter ended March 31, 2022, after market close on Thursday, May 12, 2022. 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. East

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

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced it has been named a Leader in the 2022 GigaOm Radar for Cloud Observability Solutions. This new GigaOm report provides the market with one of the first in-depth assessments of observability solution providers based on specific evaluation metrics, including: key product features and characteristics, product roadmap, innovation, strength of ecosystem, and execution. GigaOm recognized New Relic as a Leader

New Relic Recognized as Cloud Observability Leader by GigaOm

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, in partnership with Postman, the API platform used by more than 17 million developers, today announced a two-way integration to empower developers to monitor the functionality and performance of their APIs. With the new integration, API developers and DevOps engineers can send Postman API and infrastructure metrics to New Relic, giving teams instant observability into critical metrics such as latency, request cou

New Relic Launches API Monitoring with Postman

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced the general availability of a first-of-its-kind service level management experience to empower developers, operators and executives to operationalize SRE best practices to maintain system uptime and reliability. The new experience includes one-click Service Level Indicators (SLIs) and Service Level Objectives (SLOs) setup, powerful recommendations to customize metrics, unified health reports and alertin

New Relic Launches Service Level Management

SAN FRANCISCO--(BUSINESS WIRE)-- #futurestack--New Relic (NYSE: NEWR), the observability company, announced the agenda and speaker lineup for FutureStack 2022, taking place May 17-19, 2022 at The Cosmopolitan in Las Vegas. FutureStack is the ultimate customer conference for software engineers and developers, delivering insights, best practices, tips and tricks in taking a data-driven approach to better plan, build, deploy and run amazing software. The annual event brings together engineers harnessing the powe

New Relic Announces FutureStack 2022 Customer Conference for Software Engineers and Developers

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, today launched a new Kubernetes experience that brings together Kubernetes application and cluster performance data in a single user interface within New Relic One Application Performance Monitoring (APM), to help developers build more performant applications. In addition to removing silos between APM and infrastructure monitoring, engineers are alerted of issues via a real-time activity stream and can correlate

New Relic Launches New Kubernetes Experience

New Relic's stock declined by 30% in the last twenty-one trading days. In comparison, the broader S&P500 index fell by 4% over the same period.

Is A 30% Fall In New Relic's Stock A Buying Opportunity?

In 2020, New Relic launched its New Relic One platform, its attempt to bring together the many point solutions the company had built over the course of the years under a single umbrella with a modern infrastructure stack and a refreshed user experience. Last year, New Relic built on top of this — and its […]

New Relic launches its new infrastructure monitoring experience

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced the general availability of a new infrastructure monitoring experience to empower DevOps, SRE and ITOps teams to proactively identify and resolve issues in their public, private and hybrid cloud infrastructure. The modernized experience allows engineers to instantly isolate bottlenecks by filtering and sorting based on golden signal conditions, analyze all related telemetry (including logs, events, aler

New Relic Announces General Availability of New Infrastructure Monitoring Experience

Shares of New Relic lost nearly 30% after reporting fiscal Q3 results.

New Relic: Earnings Crash Is An Overreaction, Buy The Dip

Market makers focused on disappointing bottom-line figures in this earnings report and guidance update, shrugging off strong sales. Was that a mistake?

New Relic Fell 29% Today -- Is the Market Overreacting?

The cloud-based software monitoring expert posted mixed results in the third quarter, with disappointing bottom-line guidance for the foreseeable future.

News for New Relic Stock (NEWR)