November 5, 2019
New Relic Announces Second Quarter Fiscal Year 2020 Results
Second quarter revenue increased 27% year-over-year to $145.8 million Quarterly GAAP operating loss of $(16.9) million; Non-GAAP operating income of $11.2 million New Relic, Inc. (NYSE: NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced financial results for the second quarter of fiscal year 2020. “We delivered a record number of platform innovations on top of the New Relic One observability platform during the second fiscal quarter, including New Relic Logs, New Relic Metrics, New Relic Traces, and programmability,” said Lew Cirne, CEO and founder, New Relic. “The reaction to these capabilities during our global FutureStack events over the past two months has been incredibly positive. Field training and enablement is underway and we are committed to engaging our significant base and improving execution in the second half.” Second Quarter Fiscal Year 2020 Financial Highlights:...
October 16, 2019
Global Survey Reveals Key Challenges and Technologies Expected to Drive the Next Phase of Digital Transformation
Findings show global organizations are making significant progress with digital transformation projects with 39 percent of global respondents saying projects are completed or close to completion and satisfaction levels at over 90 percent FUTURESTACK -New Relic, Inc. (NYSE: NEWR), the industry’s largest and most comprehensive cloud-based observability platform built to help customers create more perfect software, today announced findings from a global survey evaluating the success of digital transformation projects. According to the survey, progress has been made despite obstacles, however technology leaders are finding that running their digitally transformed organizations is challenging and they are under increased pressure to prove business value. Key findings from the survey include: 1 in 2 tech leaders are challenged in managing and monitoring their digitally transformed organizations Almost 50 percent of respondents admit that their customers are more likely to uncover problems...