Dynatrace Inc Stock Price, News & Analysis

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.

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.