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New Relic Announces Third Quarter Fiscal Year 2021 Results

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New Relic provides the real-time insights that software-driven businesses need to innovate faster. New Relic’s cloud platform makes every aspect of modern software and infrastructure observable, so companies can find and fix problems faster, build high-performing DevOps teams, and speed up transformation projects.

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February 10, 2021 New Relic’s Reimagined Full-Stack Observability Offering Provides Engineers Unprecedented Visibility Across Entire Software Stack
New Relic Explorer’s industry-first capabilities provide engineers with intuitive views of their complete systems to remove the guesswork from root cause analysis so they can take swift action to ensure software health Today, New Relic, Inc. (NYSE: NEWR), a leader in Observability, introduced New Relic Explorer , its reimagined Full-Stack Observability experience that delivers innovative new visualizations and capabilities to give engineers unprecedented visibility into their complete estate. With zero configuration required, New Relic Explorer brings together an organization’s telemetry data from across applications and infrastructure to provide an essential live view of an entire software system’s health and performance. With this new single source of truth, engineers can quickly discover emerging performance issues and swiftly take action to get systems back to full health before customers or employees are impacted. All existing New Relic customers will be automatically upgraded to...
February 4, 2021 New Relic Announces Third Quarter Fiscal Year 2021 Results
Third quarter revenue increased 9% year-over-year to $166 million Quarterly GAAP operating loss of $(48.0) million; Non-GAAP operating loss of $(8.4) million New Relic, Inc. (NYSE: NEWR), a leader in observability, today announced financial results for the third quarter of fiscal year 2021. “Our financial results for the third quarter reflect the positive early reception we’re seeing from our customers to the changes we’ve made across our go-to-market and platform strategies,” said Lew Cirne, CEO and founder, New Relic. “We are successfully migrating the majority of our larger customers onto the new model and engagement is increasing as evidenced by steady growth in data ingest, two positive signs of momentum from our customers.” Third Quarter Fiscal Year 2021 Financial Highlights: Revenue of $166 million, compared to $153 million for the third quarter of fiscal 2020. GAAP gross margin of 72% and non-GAAP gross margin of 74%. GAAP loss from operations was $(48.0) million, compared to...

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