New Relic, Inc.
0.0 %
58.16 %
Yet to be announced
Company Overview
New Relic, Inc. is a software company that provides a cloud-based observability platform to help organizations analyze their software performance. The platform enables developers and IT operators to monitor applications, track user experiences, and understand system performance in real-time. The company's main revenue comes from subscription-based services for its software monitoring and analytics tools.
Revenue Sources
PassBased on review of New Relic's business model and financial statements, their revenue is primarily derived from subscription fees for their software observability platform and related services. These core business activities involve providing legitimate technology services and do not constitute haram revenue sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2023 | $242.76m | $263.25m | - | $15,000 | 0.00% | 0.01% |
| June 30, 2023 | $242.63m | $276.05m | - | $429,000 | 0.00% | 0.16% |
| March 31, 2023 | $242.49m | $298.9m | - | $1.2m | 0.00% | 0.40% |
| Dec. 31, 2022 | $239.76m | $270.14m | - | $1.28m | 0.00% | 0.47% |
Examining the last four quarters of financial data: Interest expense has been consistently low relative to total expenses. The interest expense to total expense ratios were well below the 5% threshold for all quarters examined. The company's interest expenses appear to be incidental to operations rather than a core part of their business model.
Operational Ethics
PassBased on available public information and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. While the company operates globally, there are no documented material ties to suspect entities or regimes.
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