New Relic Inc Stock Price, News & Analysis

New Relic (NYSE: NEWR) has launched its Vulnerability Management solution, enabling organizations to manage security vulnerabilities as part of their observability practice. This tool provides zero configuration visibility, integrates third-party data, and includes new vulnerability testing capabilities, available at promotional pricing until the end of January. The solution allows teams to identify and triage vulnerabilities seamlessly across their tech stack, helping avoid tool silos. New Relic aims to enhance application security and streamline workflows for development, security, and operations teams. General availability in the EU is projected for February 15, 2023.

New Relic has launched enhanced error tracking capabilities to aid engineering teams in detecting and managing software errors proactively. These improvements offer a user impact view, correlation across traces and logs, and seamless integration with Slack for faster triage and resolution. In the past year, engineering teams have identified over 1 million errors using New Relic's platform. The new features are designed to enhance customer experience by minimizing unnoticed errors that could disrupt operations. Error tracking is now available for free to all New Relic users.

New Relic has expanded its integration ecosystem by over 25% in 2022, now offering more than 500 integrations with leading cloud services, open source tools, and enterprise technologies. The recent appointment of Gal Tunik as vice president of product partnerships aims to accelerate observability practices for engineering teams across various industries. The company's 2022 Observability Forecast indicates that businesses are increasingly prioritizing observability technologies, with significant growth expected by 2025. Key partnerships with major providers like AWS and Microsoft Azure further enhance New Relic's offerings.

New Relic (NYSE: NEWR) announced new integrations with Amazon Web Services at AWS re:Invent 2022. The integrations support AWS Compute Optimizer, AWS Lambda Extensions, and AWS App Runner, enhancing observability for engineers. These tools enable customers to reduce costs, optimize performance, and accelerate cloud migration. The partnership aims to simplify observability, helping clients monitor their entire stack efficiently. New Relic continues to expand its offerings with no additional costs for AWS users.

New Relic reported strong financial results for Q2 FY 2023, achieving revenue of $226.9 million, a 16% increase from last year. The company realized a non-GAAP operating income of $6.9 million, marking a significant turnaround from the previous year’s loss. Additionally, cash flows from operating activities improved drastically to $36.3 million.

Looking ahead, New Relic expects Q3 revenue between $230 million and $235 million and FY 2023 revenue between $912 million and $920 million, indicating robust growth projections.

New Relic (NYSE: NEWR) has announced a collaboration with Carta and Zendesk to enhance its startups initiative. This partnership aims to provide early-stage engineering teams with access to industry-leading tools for observability, enabling better software performance and customer experiences. The program, originally launched in 2021, has expanded to hundreds of startups across various sectors.

Eligible startups will benefit from discounted access to New Relic's observability platform, along with tools from Carta and Zendesk. The collaboration simplifies access to essential resources for startups, supporting their growth and efficiency.

Skykit announces its new integration with New Relic, enhancing digital signage solutions through New Relic Instant Observability. This integration allows customers to securely display real-time dashboards across multiple locations via Skykit Beam, moving away from manual data connection methods. With 500+ integrations available, New Relic continues to empower engineers with powerful tools for monitoring and analyzing data. New accounts can benefit from 100GB of free data ingestion each month.

New Relic has launched the public preview of Vulnerability Management, enhancing application security for organizations. This feature provides instant visibility into security risks without additional configuration, available with a free 90-day trial. The tool integrates external security data, helping teams quickly identify vulnerabilities across their software stack. It includes recommendations for updates and easy collaboration on mitigation efforts. This move aims to unify security practices and foster innovation, addressing the growing complexity of modern software systems.