Dynatrace Inc Stock Price, News & Analysis

Dynatrace (NYSE: DT) announced it will host a moderated Q&A breakout session for investors at its annual customer conference, Perform 2023, on February 16 at 4:30 p.m. ET. Key executives such as CEO Rick McConnell and CFO Jim Benson will participate in the session. A live webcast will be available here. Interested participants can register for in-person attendance by emailing ir@dynatrace.com, while virtual attendees can register on the Dynatrace website. A replay will be available for 30 days on their investor relations page.

Dynatrace (NYSE: DT) reports findings from a global survey of 1,300 CIOs indicating that 90% believe digital transformation has accelerated in the past year. 78% of organizations deploy software updates every 12 hours or less. However, 31% of DevOps teams spend time on manual tasks, hampering innovation. 88% of CIOs stress that merging observability and security is crucial for establishing a DevSecOps culture, while 94% assert that its expansion across teams is key for faster, secure releases. The report highlights a planned 35% increase in spending on automation by 2024 for improved software quality and security.

Dynatrace (NYSE: DT) will announce its third quarter fiscal 2023 financial results on February 1, 2023, before the market opens. A conference call to discuss these results is scheduled for the same day at 8:00 a.m. Eastern Time. Both the call and the webcast will be accessible to the public. The audio replay will be available until February 15, 2023. Dynatrace provides a unified software intelligence platform, focusing on observability, application security, and automation to enhance digital transformation for large organizations.

Dynatrace (NYSE: DT) has been named a Leader in Forrester's The Forrester Wave™: Artificial Intelligence for IT Operations (AIOps), Q4 2022. The evaluation recognized Dynatrace for its enterprise-scale unified platform, achieving top scores in both Current Offering and Strategy categories.

The report highlights the increasing demand for AI-driven insights due to complex IT systems and growing telemetry data. Steve Tack, SVP of Product Management, emphasized the need for intelligent automation to enhance digital transformation.

Dynatrace (NYSE: DT) has achieved StateRAMP authorization at the Moderate Impact Level, becoming the first observability platform to do so. This certification assures state and local governments, as well as educational institutions in the U.S., that Dynatrace's Software Intelligence Platform meets high security and compliance standards. StateRAMP reflects a growing demand for enhanced cybersecurity and digital services. The achievement highlights Dynatrace's commitment to enabling secure digital interactions, further establishing its momentum in the public sector.

Microland has announced a strategic partnership with Dynatrace (NYSE: DT), integrating the Dynatrace Software Intelligence Platform into Microland's Intelligeni™ AutomatedOps platform. This collaboration aims to enhance IT operations with AI-powered observability and automation, improving the reliability and efficiency of digital infrastructures. The partnership follows Microland's advancement to a Premier Partner in the ServiceNow Partner Program. Executives from both companies emphasized the potential for better value delivery to enterprise customers through this synergy.

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.