New Relic Inc Stock Price, News & Analysis

New Relic (NYSE: NEWR) announced the launch of a groundbreaking service level management experience that allows developers and executives to monitor system uptime and reliability with ease. This innovative feature enables one-click setup of Service Level Indicators (SLIs) and Objectives (SLOs), providing powerful customization options, unified health reports, and alerting—all at no additional cost for users of the New Relic One platform. The service is now available globally, enhancing operational performance without extra licensing barriers.

New Relic (NYSE: NEWR) announced the agenda for FutureStack 2022, scheduled for May 17-19 in Las Vegas. The conference aims to enhance software engineering through a data-driven approach, featuring keynotes from industry leaders including Steve Wozniak and NASA's Dr. Moogega Cooper. Attendees will engage through hands-on labs, workshops, and deep dives into observability practices that improve software performance. Key highlights include insights from 50 software experts and advanced training from New Relic University.

New Relic (NYSE: NEWR) has launched a new Kubernetes experience that integrates application and cluster performance data within its New Relic One Application Performance Monitoring platform. This innovation aims to provide engineers with a cohesive interface, enhancing their ability to analyze performance, troubleshoot issues, and optimize container-based applications.

According to industry data, the adoption of Kubernetes and containers is on the rise, with 93% of organizations using or planning to use containers. New Relic's platform now offers real-time alerts and contextual logs, achieving more value compared to competitors with agent-based pricing.

New Relic, the observability company, will present at three upcoming investor conferences in March 2022. These include the Berenberg Thematic Software Conference on March 2 at 3:00 p.m. ET, the JMP Securities Technology Conference on March 7 at 8:30 a.m. PT, and the Morgan Stanley Tech Conference on March 8 at 3:00 p.m. PT. Live webcasts will be available on their investor relations page, with replays afterward.

New Relic (NYSE: NEWR) announced the launch of its new infrastructure monitoring experience designed for public, private, and hybrid clouds. This tool enhances the ability of DevOps, SRE, and ITOps teams to identify and resolve performance issues by allowing users to isolate bottlenecks, analyze related telemetry, visualize topology maps, and perform historical analyses. The offering promises over 3X more value compared to competitors, with no additional costs for existing users. The capability is now available globally as part of the New Relic One platform.

New Relic, Inc. reported a 22% year-over-year revenue increase for Q3 FY2022, totaling $204 million, exceeding guidance. Despite a GAAP operating loss of $(52) million and a non-GAAP loss of $(11) million, the company successfully migrated 80% of its business to a consumption model. Key metrics include a GAAP gross margin of 66% and non-GAAP gross margin of 68%. Looking ahead, the Q4 FY2022 revenue outlook is between $204 million and $206 million, expecting 18%-19% growth.

New Relic, Inc. (NYSE: NEWR) announced its upcoming third-quarter financial results for the period ending December 31, 2021, due for release after market close on February 8, 2022. An investor letter will be available on their website. A conference call is scheduled for 2 p.m. PT (5 p.m. ET) on the same day to discuss the results. This event allows investors to gain insights into the company's performance and potential future outlook.

New Relic has appointed Takeshi Numoto, former Microsoft executive, to its board effective December 14, 2021. Numoto brings over 25 years of enterprise software expertise to enhance New Relic's data-driven growth strategy. CEO Bill Staples emphasized Numoto’s alignment with their consumption business model, aiming to expand New Relic's reach in observability. The board's decision reflects a commitment to diversify leadership and leverage Numoto's experience for accelerated growth at a crucial time for the company.

New Relic (NYSE: NEWR) has appointed Riya Shanmugam as Group Vice President of Global Alliances and Channels, effective immediately. With a background from Adobe and Google Cloud, Shanmugam will focus on enhancing partner strategies and channel programs to expand New Relic's observability offerings globally. The company enjoyed a record year in 2021, driven by its relationship with AWS and channel partners. Shanmugam aims to simplify partner engagement and empower the ecosystem with resources. New Relic's commitment to innovation positions it for continued growth in cloud-based observability.