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On Tue, 24 Sept, 4:05 PM UTC
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Dynatrace : Q3 2021 Earnings Release
Dynatrace Reports Third Quarter of Fiscal Year 2021 Financial Results ARR of $722.0 million, up 35% year-over-year, 32% on a constant currency basis Subscription revenue of $170.3 million, up 33% year-over-year, 30% on a constant currency basis GAAP EPS of $0.06 and non-GAAP EPS of $0.17, on a dilutive basis WALTHAM, Mass.--(BUSINESSWIRE)-- Software intelligence company Dynatrace (NYSE: DT) today released financial results for the third quarter of its fiscal 2021 ended December 31, 2020. "The third quarter marked another strong performance for Dynatrace across all of our key operating metrics led by ARR growth of 35% year-over-year," stated John Van Siclen, Chief Executive Officer. "The value of the Dynatrace platform is resonating with customers, evidenced by strong new logo growth and net expansion rate again above 120%. The acceleration of digital transformation is driving the scale and complexity of the modern multicloud beyond the level that digital teams can handle efficiently. We believe the automation and AI capabilities embedded in our unified platform solve the challenges inherent in these ever-changing multicloud environments and positions us well for strong and sustained ARR growth." Third Quarter Fiscal 2021 and Other Recent Business Highlights: All growth rates are compared to the third quarter of fiscal 2020 unless otherwise noted. Financial Highlights: Total ARR of $722.0 million, an increase of 35% as reported, and 32% on a constant currency basis Total Revenue of $182.9 million, an increase of 28% as reported, and 25% on a constant currency basis Subscription revenue of $170.3 million, an increase of 33% as reported, and 30% on a constant currency basis, and representing 93% of total revenue GAAP Operating Income of $24.1 million and Non-GAAP Operating Income of $53.4 million Released Dynatrace's 4th generation of PurePath, providing the deepest, most complete distributed tracing for modern cloud environments. Extended support for OpenTelemetry and OpenTrace frameworks to provide advanced levels of distributed tracing and immediate actionability for troubleshooting, optimization and proactive remediation for the latest cloud-native architectures.
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Dynatrace : Q2 2021 Earnings Release
Dynatrace Reports Second Quarter of Fiscal Year 2021 Financial Results Subscription revenue of $157.7 million, up 36% year-over-year, 35% on a constant currency basis ARR of $638.1 million, up 35% year-over-year, 33% on a constant currency basis GAAP EPS of $0.06 and non-GAAP EPS of $0.18 WALTHAM, Mass.--(BUSINESSWIRE)-- Software intelligence company Dynatrace (NYSE: DT), today released financial results for the second quarter of its fiscal 2021 ended September 30, 2020. "Dynatrace delivered strong second quarter results, exceeding our guidance on all key metrics," said John Van Siclen, Chief Executive Officer. "As digital transformation continues to accelerate, so does the scale and complexity of the dynamic multiclouds supporting these initiatives. Our lead in unified platform, automation and intelligence sets us apart in observability at scale as we enable digital teams to transform the way they work, shifting them from manual and reactive intervention to proactive optimization and accelerated innovation." Second Quarter Fiscal 2021 and Other Recent Business Highlights: All growth rates are compared to the second quarter of fiscal 2020 unless otherwise noted. Financial Highlights: Total Revenue of $168.6 million, an increase of 30% as reported and on a constant currency basis Total ARR of $638.1 million, an increase of 35% as reported, and 33% on a constant currency basis Subscription revenue of $157.7 million, an increase of 36% as reported, and 35% on a constant currency basis, and representing 94% of total revenue GAAP Operating Income of $22.8 million and Non-GAAP Operating Income of $53.3 million Extended coverage of Infrastructure metrics to all AWS CloudWatch and Azure Monitor services and a rapidly expanding set of Google Cloud Platform Monitoring services. Now nearly 500 technologies and services supported automatically by the Dynatrace OneAgent, Smartscape and Davis AI. Continued recognition by industry analysts for observability platform leadership adding the top spot in ISG's Cloud Native Observability Quadrant and named one of the winners in Gartner's Peer Insights Customers' Choice for Application Performance
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Dynatrace, a leading software intelligence company, demonstrates robust growth and financial stability in its Q2 and Q3 2021 earnings reports, showcasing increased revenue and customer base expansion.
Dynatrace, Inc. (NYSE: DT) reported impressive financial results for its third quarter of fiscal year 2021, ending December 31, 2020. The company's performance exceeded expectations, with total revenue reaching $182.9 million, marking a significant 28% year-over-year growth 1. This surge in revenue demonstrates Dynatrace's strong market position and growing demand for its software intelligence platform.
A key driver of Dynatrace's success in Q3 2021 was its subscription revenue, which increased by 33% year-over-year to $170.3 million 1. This substantial growth in subscription-based income underscores the company's ability to attract and retain customers with its innovative solutions for cloud and digital transformation initiatives.
Dynatrace reported a notable expansion in its customer base during Q3 2021. The number of Dynatrace® platform customers grew to 2,594, representing a 17% increase compared to Q3 2020 1. This growth indicates the company's effective customer acquisition strategies and the increasing adoption of its software intelligence platform across various industries.
Looking back at the second quarter of fiscal year 2021, which ended September 30, 2020, Dynatrace also demonstrated strong financial results. The company reported total revenue of $168.6 million, a 30% increase year-over-year 2. This consistent growth trajectory from Q2 to Q3 highlights Dynatrace's ability to maintain momentum and capitalize on market opportunities.
Similar to Q3, subscription revenue was a significant contributor to Dynatrace's success in Q2 2021. The company saw a 36% year-over-year increase in subscription revenue, reaching $157.7 million 2. This sustained growth in subscription-based income across both quarters underscores the company's successful transition to a recurring revenue model.
In Q2 2021, Dynatrace reported 2,473 Dynatrace® platform customers, marking a 17% increase from Q2 2020 2. The consistent customer growth rate between Q2 and Q3 (both at 17% year-over-year) demonstrates Dynatrace's ability to maintain a steady pace of customer acquisition while also retaining existing clients.
Dynatrace's strong performance in both Q2 and Q3 2021 positions the company favorably in the competitive software intelligence market. The consistent revenue growth, expanding customer base, and increasing subscription revenue all point to a robust business model and effective execution of the company's growth strategies.
As digital transformation continues to accelerate across industries, Dynatrace's software intelligence platform remains well-positioned to capitalize on the growing demand for advanced monitoring and analytics solutions. The company's ability to deliver strong financial results amidst the challenging global economic environment of 2020 further underscores its resilience and potential for continued growth in the future.
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Dynatrace has been named a Leader in both Cloud-Native Observability and Security quadrants in the 2024 ISG Provider Lens Multi Public Cloud Solutions report, highlighting its AI-driven innovations in cloud monitoring and security.
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Datadog and PAR Technology, two prominent tech companies, have released their second quarter 2024 financial results, showcasing significant growth and performance improvements.
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Datadog, a cloud monitoring and analytics platform, reported strong Q2 2023 results, beating both revenue and earnings estimates. The company also raised its full-year 2024 guidance, signaling continued growth.
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Quest Diagnostics, a leading provider of diagnostic information services, has reported impressive second-quarter 2024 financial results, prompting an increase in their full-year 2024 guidance. The company's performance reflects resilience in a challenging market environment.
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CyberArk Software Ltd. has announced its second quarter 2024 financial results, surpassing analyst expectations with impressive revenue growth and non-GAAP earnings per share.
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