How much of New Relic’s revenue comes from haram?

New Relic offers a suite of products delivered on an open and extensible cloud-based platform that enables organizations to collect, store, and analyze data in real-time to better operate their applications and infrastructure and improve their digital customer experience.

Practical Islamic Finance concludes:

None of New Relic’s revenue comes from anything inherently haram.

Does New Relic rely on interest to operate?

Most Recent Quarter
ended
3/31/2022
Fiscal year
ended
3/31/2022
Fiscal year
ended
3/31/2021
Interest Expense $1,239 $4,921 $24,901
Total Operating Expenses $261,568 $1,001,472 $837,909
Interest Expense /
Total Operating Expenses
0.47% 0.49% 2.97%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in New Relic, Inc. operations.

What is New Relic’s Environmental, Social, and Governance (ESG) impact?

Environment

No notable environmental highlights.

Social

New Relic has a high Glassdoor rating of 4.1 out of 5.0 from over 700 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights. 

Practical Islamic Finance concludes:

New Relic has a net positive ESG impact.

Comfort Rating

From New Relic’s business, financial, and ESG reviews, Practical Islamic Finance rates New Relic stock as:

Comfortable to invest in from a Halal perspective.

Sources

New Relic 2021 10-K

New Relic Q2 2021 10-Q

New Relic Reviews