May 23, 2023
New Relic Announces Fourth Quarter and Fiscal Year 2023 Results
Fourth quarter total revenue of $242.5 million, up 18% year over year Focused execution led to consumption revenue of $203.8 million in the quarter, up 55% year over year Fourth quarter GAAP operating margin increased 4.3 pts, non-GAAP operating margin improved to 10.7% New Relic, Inc. (NYSE: NEWR), the all-in-one observability platform for every engineer, announced financial results for the fourth quarter and full fiscal year 2023 ended March 31, 2023. “We finished the fiscal year with consumption revenue growing in excess of 30% excluding the impact of migrations, with profitability at a new high watermark, and with our innovation leadership recognized broadly. I’m very grateful for such committed customers and all the hard work across the company which made fiscal 2023 a terrific year,” said New Relic CEO Bill Staples. “We look forward to fiscal 2024 and the innovation roadmap, continued customer growth and expansion, and the final chapter of our subscription business which will...
May 18, 2023
New Relic Launches New Infrastructure Monitoring To End Peak Billing And Screen Swivel
Integrated infrastructure monitoring with application performance monitoring (APM) helps customers standardize observability practices at one-third the cost of competitors without auto-scaling penalties New Relic (NYSE: NEWR), the all-in-one observability platform for every engineer, announced a new, deeply integrated experience for its infrastructure monitoring and APM capabilities that correlates the health and performance of applications and hosts in real-time. Engineers, DevOps, and ITOps can now quickly diagnose application and infrastructure performance issues, and avoid context switching or missing critical insights due to siloed infrastructure monitoring tools. Unlike competing tools that price on peak usage and auto-scale penalties, New Relic pricing is based on actual usage, eliminates bill shock, and is one-third the cost of competitors. Now organizations can afford to analyze all of their telemetry data without sampling, ensuring they have the necessary data to quickly...