May 13, 2021
New Relic to Promote Cloud Industry Veteran Bill Staples to CEO
Founder & CEO Lew Cirne to become Executive Chairman of the Board on July 1 New Relic, Inc. (NYSE: NEWR), the observability company, announced the promotion of Bill Staples to CEO effective July 1, 2021. Staples will succeed Founder & CEO Lew Cirne who will transition to Executive Chairman of the Board at the same time. Cirne will continue his lifelong legacy and passion for his love of software as an inventor, technologist and strategist, further driving transformational innovation for the company, its customers and the tech community at large. Current Chair of the Board Hope Cochran will continue on as Vice Chair of the Board and Lead Independent Director for New Relic. “When we recruited Bill into the company, we thought that he would be the natural successor to me as CEO at the right time,” said Lew Cirne, founder & CEO at New Relic. “With his immediate and profound impact on our platform and our Product organization, and now more broadly across the company with his...
May 13, 2021
New Relic Announces Fourth Quarter and Full Fiscal Year 2021 Results
Fourth quarter revenue increased 8% year-over-year to $173 million Quarterly GAAP operating loss of $(54.3) million; Non-GAAP operating loss of $(18.5) million Fiscal 2021 revenue increased 11% year-over-year to $668 million Fiscal 2021 GAAP operating loss of $(171.4) million ; Non-GAAP operating loss of $(24.6) million New Relic promotes cloud industry veteran Bill Staples to CEO; Founder & CEO Lew Cirne to become Executive Chairman of the Board New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the fourth quarter and full fiscal year 2021 ended March 31, 2021. The company also announced the promotion of Bill Staples to Chief Executive Officer, effective July 1, 2021. Mr. Staples will succeed founder and Chief Executive Officer, Lew Cirne, who will transition to Executive Chairman of the Board at the same time. “FY21 was a transformational year for New Relic, and we are a fundamentally better company entering FY22. The investments we’ve...