September 14, 2021
New Relic Launches Industry’s Most Comprehensive Global Research on Observability
Survey reveals gap between mission-critical importance of full-stack observability to business success and the maturity of observability practices across organizations, uncovering 5 key insights to cross the chasm to achieve modern observability New Relic, Inc. (NYSE: NEWR), the observability company, released the findings of its 2021 Observability Forecast . The survey of nearly 1,300 software engineers, developers and IT leaders uncovered that while 90% of respondents believe observability is important and strategic to their business—and 94% believe it to be strategic to their role—just 26% noted mature observability practices within their business. Recognizing the importance of closing that gap, 81% of C-Suite executives expect to increase their observability budget in the coming year with 20% expecting budgets to increase significantly. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210914005487/en/ Importance of...
August 3, 2021
New Relic Announces First Quarter Fiscal Year 2022 Results
First quarter revenue increased 11% year-over-year to $180 million Quarterly GAAP operating loss of $(73.9) million; Non-GAAP operating loss of $(16.2) million New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the first quarter of fiscal year 2022. “We aspire to help millions of developers and engineers build better software, faster and with less toil, by making observability a daily part of a data-driven engineering approach across the entire software lifecycle,” said Bill Staples, CEO, New Relic. “My top priority is to return our revenue to market growth rates by making this vision a reality for engineers, and delivering unique value to our customers to support their success.” First Quarter Fiscal Year 2022 Financial Highlights: Revenue of $180 million, compared to $163 million for the first quarter of fiscal 2021. GAAP gross margin of 67% and non-GAAP gross margin of 69%. GAAP loss from operations was $(73.9) million, compared to $(26.1)...