Dynatrace Inc Stock Price, News & Analysis

Dynatrace (NYSE: DT) has successfully closed a new $400 million five-year senior secured revolving credit facility, replacing an earlier $60 million facility. The new facility was finalized on December 2, 2022 and provides increased financial flexibility at lower costs, as stated by CFO Jim Benson. Concurrently, Dynatrace repaid its remaining $221 million Term Loan B debt using its cash balance of $563 million. The company currently has no outstanding funded debt obligations, affirming its strong financial position.

Dynatrace (NYSE: DT) announced support for AWS Compute Optimizer, enhancing its platform's ability to analyze Amazon EC2 instances in near-real time. This integration enables better resource utilization and cost efficiency, leveraging Dynatrace's AIOps and automation capabilities. The initiative aims to assist customers in modernizing their cloud operations effectively. Group SRE Director of albelli-Photobox Group stated that this support will optimize their digital services and resource investments. Dynatrace emphasizes its commitment to aiding organizations in achieving operational efficiency through advanced observability and intelligent automation.

Dynatrace (NYSE: DT) has announced an enhancement to its Grail causational data lakehouse, enabling real-time business analytics from first and third-party applications without engineering resources. The platform captures business data at a massive scale, prioritizing it separately from observability data. This advancement aims to empower business and IT teams to conduct reliable automation and ad hoc analytics, ultimately driving improved customer experiences and revenue. The enhancement is now generally available, further supporting organizations in their digital transformation efforts.

Dynatrace reported strong Q2 results for fiscal 2023, showcasing a 33% year-over-year growth in adjusted ARR, reaching $1,065 million. Total revenue surged 30% to $279 million, driven by a 29% increase in subscription revenue. Despite a robust performance, the company cautioned about a foreign exchange headwind affecting fiscal 2023 projections, now estimating a $60 million impact. Guidance for Q3 anticipates revenue between $283-$286 million and an adjusted ARR growth of 24%.

Dynatrace (NYSE: DT) has appointed Jim Benson as Chief Financial Officer (CFO), effective November 15, 2022. Benson brings over 30 years of experience from leading technology companies, including Akamai Technologies, where he served as CFO from 2012 to 2019. He replaces Kevin Burns, who will assist during the transition period. CEO Rick McConnell expressed confidence in Benson's ability to lead the financial organization and drive growth. Dynatrace focuses on simplifying cloud complexity and enhancing digital transformation through its advanced observability platform.

DXC Technology (NYSE: DXC) has expanded its partnership with Dynatrace (NYSE: DT), making the Dynatrace Software Intelligence Platform the preferred software for DXC Platform X™. This collaboration aims to enhance observability and automated management of IT systems, improving efficiency in hybrid and multicloud environments. Recognized as the 2022 Partner of the Year by Dynatrace in North America, DXC will leverage its expertise and the Dynatrace platform to provide intelligent automation for better customer outcomes. The partnership aims for increased operational efficiencies and growth.

Dynatrace (NYSE: DT) will present at three investor conferences in November and December 2023. The presentations are scheduled for:

• RBC Capital Markets Global Technology Conference on November 15 at 1:25 p.m. ET.
• Credit Suisse Technology Conference on November 29 at 5:45 p.m. ET.
• Barclays Global Technology Conference on December 7 at 2:35 p.m. ET.

Webcasts can be accessed here and will be archived for 30 days.

Dynatrace (NYSE: DT) has announced an enhancement to its Davis AI engine, enabling development, SRE, and IT teams to perform ad hoc analytics. This update allows teams to harness causal AI for investigating emerging trends and resolving potential issues before they impact customers. The enhanced capabilities include real-time processing and intelligent automation for better application and infrastructure optimization. This feature will be generally available within 30 days, further positioning Dynatrace to streamline operations in complex cloud environments.

Dynatrace (NYSE: DT) has been recognized as a Leader in both cloud-native observability and security by ISG, a prominent global technology advisory firm. The company achieved the top position in observability and is noted for its robust security capabilities. The report highlights Dynatrace's extensive observability features, powered by the Davis AI engine, which automates vulnerability management and enhances DevSecOps processes. This significant acknowledgment underscores Dynatrace's commitment to innovation and its role in driving digital transformation.