New Relic Inc NEWR:NYSE

Last Price$51.03NYSE Previous Close - Last Trade as of 7:00PM ET 6/28/22

Today's Change-1.18(2.26%)
Bid (Size)$46.13 (1)
Ask (Size)$56.02 (1)
Day Low / High$50.59 - 53.05
Volume687.3 K

New Relic Forms Partnership With Microsoft Azure for Cloud Migration Initiatives

12:36PM ET 5/18/2022 MT Newswires
New Relic (NEWR) said Wednesday it signed a multi-year commercial partnership with Microsoft (MSFT) for cloud migration and multi-cloud initiatives.

Under the partnership, Microsoft Azure customers will be able to use New Relic as the default observability platform inside the Azure portal.

New Relic will be available on the Azure platform in the coming months, the company said.

Financial terms were not disclosed.

New Relic shares were 4.5% lower in Wednesday midday trading while Microsoft was off 3.2%.

Price: 43.31, Change: -1.83, Percent Change: -4.05