November 5, 2020
New Relic Announces Second Quarter Fiscal Year 2021 Results
Second quarter revenue increased 14% year-over-year to $166 million Quarterly GAAP operating loss of $(42.9) million; Non-GAAP operating loss of $(5.3) million New Relic, Inc. (NYSE: NEWR), the observability platform company, today announced financial results for the second quarter of fiscal year 2021. “In 2Q, we delivered a radically simplified version of the New Relic One observability platform to the market, and the early response from customers has been encouraging,” said Lew Cirne, CEO and founder, New Relic. “At the low end of the market, we're seeing a whole new generation of individual developers adopt our free offering. And, at the high end of the market, companies of all sizes have been leveraging our offer of free and full entitlements to evaluate New Relic as their complete observability platform. While customer experimentation with the new product and pricing model slowed sales cycles in the quarter, on average, customers that are renewing on the new pricing model are...
October 29, 2020
New Relic Expands Global Strategic Collaboration Agreement with AWS to Help Companies Accelerate Their Cloud Adoption Journey
Five-year agreement includes strategic go-to-market collaboration, increased product integrations and development Today, New Relic, Inc. (NYSE: NEWR), the observability platform company, announced a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). Under the terms of the agreement, the companies commit to increased product integrations and development, and joint go-to-market activities designed to help customers accelerate and de-risk their cloud adoption journey. New Relic is now positioned as a premier observability solution for AWS. Joint customer benefits of the SCA include: Collaboration to simplify the discovery and adoption of New Relic One by AWS customers: New Relic and AWS will collaborate on making it easy for developers to send telemetry data from AWS services into New Relic One, improving observability and accelerating their cloud adoption. Consolidated purchasing and billing through AWS Marketplace: New Relic One is now available in AWS...