Trade New Relic, Inc. - NEWR CFD

New Relic, Inc. Company profile

About New Relic Inc

New Relic, Inc. is an enterprise software company that is focused on providing New Relic One platform. The Company offers a range of products delivered on an open and extensible cloud-based platform that enables organizations to collect, store and analyze data in real-time. The Company’s platform is supported by three products Telemetry Data Platform (TDP), Full-Stack Observability (FSO), and Applied Intelligence (AI). TDP is the single source of truth for all operational data, providing users with the ability to ask and answer questions within milliseconds. FSO collects and correlates data from application performance monitoring (APM), logs, infrastructure monitoring, client-side monitoring, and distributed tracing to allow users to easily understand, analyze and troubleshoot their entire stack in just a few clicks. AI is to augment engineers' workflows to help them detect, diagnose and resolve problems.

Financial summary

BRIEF: For the nine months ended 31 December 2021, New Relic Inc revenues increased 17% to $579.8M. Net loss increased 49% to $194.9M. Revenues reflect United States segment increase of 15% to $391.1M, EMEA segment increase of 15% to $89.9M. Higher net loss reflects Sales and marketing increase of 14% to $256M (expense), Research and development increase of 16% to $117.2M (expense).