Strong demand for New Relic's APM platform puts the company on track to meet its major revenue milestone.
, a leader in the application performance monitoring market, has a plan in place to reach a revenue run rate of $1 billion by the end of fiscal 2022 .
Organizations now view software as an important competitive tool. Software that’s slow to load or apps that don’t function as they should will quickly frustrate users, and possibly send them fleeing to the competition. New Relic’s “land” deals often morph into expansion opportunities, with customers extending their current projects with the company and selecting New Relic for additional application monitoring endeavors. The company over time can also sell additional products into the installed enterprise customer base, which now totals more than 17,000 accounts.
Representing more than 10% of new ARR, Insights lets users easily visualize data via a point, click and search interface. Users are able to ask questions of the data and get specific answers. While custom events can be analyzed, Insights out of the box collects data on page views, transactions and mobile sessions.
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