Dynatrace Inc Stock Price, News & Analysis

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.

Dynatrace (NYSE: DT) will report its second quarter financial results for fiscal 2023 on November 2, 2022, before the market opens. The conference call will take place at 8:00 a.m. ET, providing investors insights into the company’s performance and outlook. Investors can access the live call or the replay via the company’s website. This financial update is crucial for stakeholders as it provides an opportunity to gauge the company's performance and future direction.

Dynatrace (NYSE: DT) has unveiled its new Grail™ core technology within the Dynatrace® Software Intelligence Platform. Grail unifies observability, security, and business data from cloud-native and multicloud environments, enabling fast, AI-powered answers and cost-effective automation. Initially focused on log analytics, Grail is set to enhance broader IT, development, security, and business analytics solutions. The technology promises to accelerate digital transformation by delivering real-time insights and improving operational efficiency, available to customers within 30 days of the announcement.

Dynatrace (NYSE: DT) has partnered with fintech company Soldo to enhance application security, significantly reducing the time required to identify and remediate critical software vulnerabilities from days to minutes. The integration of Dynatrace® Application Security into Soldo's cloud-native environment allows for continuous monitoring and automated vulnerability management, crucial for maintaining high security standards in the financial services industry. This strategic move supports Soldo's commitment to safeguarding sensitive customer data while driving innovation.