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. At this time, I would like to welcome everybody to the New Relic Second Quarter Fiscal Year 2023 Earnings Conference Call. All lines have been muted to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
It is now my pleasure to introduce your host Ingo Friedrichowitz, Senior Vice President of Investor Relations and Corporate Finance. Thank you. You may begin.
Ingo Friedrichowitz
Good afternoon and welcome to our second quarter fiscal year 2023 earnings call. On the call with me are Bill Staples, our Chief Executive Officer; and David Barter, our Chief Financial Officer.
On our Investor Relations website, you can find the earnings press release and investor summary slide deck, which is intended to supplement our prepared remarks during today's call. In addition, an audio replay of this call will be available on our website ir.newrelic.com in a few hours.
During today's call, we will make forward-looking statements including about our business outlook and strategies, which we base our predictions and expectations on as of today.
Our actual results could differ materially due to a number of risks and uncertainties, including the risk factors in our most recent 10-Q and our upcoming second quarter 10-Q to be filed with the SEC.
Also, during this call, we will discuss certain non-GAAP financial measures. We have reconciled those to the most directly comparable GAAP financial measures in our earnings release. These non-GAAP measures are not intended to be a substitute for our GAAP results.
And with that, I'd like to turn it over to Bill.
Bill Staples
Thank you, Ingo. I'm pleased to report another solid quarter with revenue at $226.9 million, a $10.4 million sequential increase over last quarter. Our non-GAAP operating profit was $6.9 million, a $24 million improvement over last quarter.