Brief: New Relic Inc - Expects To Incur Aggregate Restructuring Charges Totaling Approximately $40 Million To $45 Million

New Relic

03/04/2023 22:20

April 3 (Reuters) - New Relic Inc  NEWR.N :
    * NEW RELIC INC - EXPECTS TO INCUR AGGREGATE RESTRUCTURING
CHARGES
TOTALING APPROXIMATELY $40 MILLION TO $45 MILLION
    * NEW RELIC - ON MARCH 29, BOARD COMMITTED TO RESTRUCTURING
PLAN
IN CONNECTION WITH REDUCTION OF GLOBAL REAL ESTATE FOOTPRINT
    * NEW RELIC - EXPECTS IT WILL RECOGNIZE THE MAJORITY OF
RESTRUCTURING COSTS IN THE FOURTH QUARTER OF FISCAL 2023


Further company coverage:  NEWR.N 

 ((Reuters.Briefs@thomsonreuters.com;))