New Relic, Inc. (NYSE:NEWR) Q4 2022 Earnings Conference Call May 12, 2022 5:00 PM ET
Company Participants
Peter Goldmacher - VP IR
Bill Staples - CEO
Mark Sachleben - CFO
Conference Call Participants
Rob Oliver - Baird
Sanjit Singh - Morgan Stanley
Adam Tindle - Raymond James
Rishi Jaluria - RBC
Erik Suppiger - JMP Securities
Mike Cikos - Needham and Company
Michael Turits - KeyBanc
Operator
Good afternoon. Thank you for attending the New Relic 4Q FY 2022 Earnings Call. My name is Simia and I will be your moderator for today. [Operator Instructions]
I would now like to pass the conference over to our host, Peter Goldmacher, Vice President of Investor Relations.
Peter Goldmacher
Hi, everyone, and thanks for joining our Q4 fiscal '22 earnings call. We published a letter on our Investor Relations website about an hour ago and hope everyone had a chance to read our letter together with today's earnings press release. Today's call will begin with prepared comments from Bill and Mark and then we'll open up the line for your questions.
During this call we will make forward-looking statements, including about our business outlook and strategy, which we based on our predictions and expectations 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 upcoming 10-K 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 finally, this call in its entirety is being webcast from our Investor Relations website and an audio replay will be available there in a few hours.
And with that, I'd like to turn it over to Bill.
Bill Staples
Thanks, Peter, and welcome to the call everyone.
New Relic is in a stronger position now than it was a year ago when I was announced as CEO successor. Let me share with you five key accomplishments of FY '22. First we accelerated our total revenue growth rate from 11% in FY '21, to 18% in FY '22 by adding almost $120 million to the top line this year. Underneath this, our net revenue retention rate or NRR grew for each of the reported cohorts and on an aggregate basis.