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Stock impact report

New Relic Announces First Quarter Fiscal Year 2023 Results

New Relic, Inc. (NEWR) 
Last new relic, inc. earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Business Wire
First quarter revenue increased 20% year-over-year to $216 million SAN FRANCISCO--(BUSINESS WIRE)--New Relic, Inc. (NYSE: NEWR), the observability company, today announced financial results for the first quarter of fiscal year 2023.“Q1 was a strong start for New Relic as we beat both top and bottom line expectations,” said New Relic CEO Bill Staples. “We continue to execute well against the four priorities we articulated on the last earnings call, and we are updating guidance to reflect our added focus on achieving non-GAAP profitability for the full year.”First Quarter Fiscal Year 2023 Financial Highlights:Revenue of $216 million, compared to $180 million for the first quarter of fiscal 2022.GAAP gross margin of 71% and non-GAAP gross margin of 73%.GAAP loss from operations was $(56) million, compared to $(74) million for the first quarter of fiscal 2022.Non-GAAP loss from operations was $(17) million, compared to $(16) million for the first quarter of fiscal 2022.Cash, cash equiv Show less Read more
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