NEWR Stock Recent News

New Relic, Inc. (NYSE:NEWR ) Q2 2023 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Ingo Friedrichowitz - Senior Vice President, Investor Relations & Corporate Finance Bill Staples - Chief Executive Officer David Barter - Chief Financial Officer Conference Call Participants Kingsley Crane - Canaccord Sanjit Singh - Morgan Stanley Mike Cikos - Needham & Co. Michael Turits - KeyBanc Derrick Wood - Cowen & Co. Noah Herman - JPMorgan Rishi Jaluria - RBC Keith Bachman - BMO Yun Kim - Loop Capital Markets Operator Good afternoon. My name is Bailey and I will be your conference operator today.

New Relic (NEWR) delivered earnings and revenue surprises of 316.67% and 1.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

New Relic, one of the pioneers in the modern observability space, has been in the throes of a turnaround for more than a year. The past quarter showed discrete progress in the turnaround process, and despite the environment, the company preannounced an upside.

With New Relic's software platform, businesses can cost-effectively centralize their telemetry data, from which actionable insights may be derived. New Relic has continued to struggle with profitability, and inflation-driven cost hikes are negatively impacting the company's profits.

SAN FRANCISCO--(BUSINESS WIRE)--New Relic (NYSE: NEWR), the observability company, announced it will report its financial results for fiscal year 2023 second quarter, which ended September 30, 2022, after market close on Tuesday, November 8, 2022.

New Relic Inc. NEWR, -0.65% disclosed Thursday plans to cut 110 jobs, including 90 in the U.S., as part of a restructuring plan to cut costs and to focus resources on top priorities. The job cuts represent about 5% of the San Francisco-based data analysis software company's workforce as of March 31.

Shares of New Relic have been on a win streak since mid-May, powered by a string of strong quarterly results. The company just released fiscal Q1 results that featured better-than-expected growth and a bump in margins.

After a couple of years of slumping results, the company is starting to get back to growth.

New Relic Inc. (NYSE:NEWR ) Q1 2023 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Peter Goldmacher - IR Bill Staples - CEO Mark Sachleben - CFO Conference Call Participants Kingsley Crane - Canaccord Angie Ng - Morgan Stanley Yun Kim - Loop Capital Markets Eric Heath - KeyBanc Mike Cikos - Needham Richard Poland - RBC Capital Markets Operator Good afternoon. Thank you for attending today's New Relic First Quarter Fiscal 2023 Financial Results Conference Call.

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