Dynatrace Inc Stock Price, News & Analysis

Dynatrace (NYSE: DT) will release its third-quarter financial results for fiscal 2022 on February 2, 2022, before market open. A conference call will follow at 8:00 a.m. ET on the same day to discuss the results and future outlook. Investors can join the call by dialing (866) 405-1247 from the U.S. and (201) 689-8045 internationally. The audio replay will be available until February 16, 2022. Dynatrace specializes in software intelligence that simplifies cloud operations, allowing businesses to innovate faster and enhance user experiences.

Epidemic Sound announces the appointment of Andrew Fisher, former CEO of Shazam, as the new Chairperson of the Board, succeeding Vania Schlogel, who will remain a board director. Fisher's extensive experience in the music technology sector and leadership roles at companies like Rightmove and Marks and Spencer are seen as assets for the company's growth. The recent board expansion, including new directors Kirsten Wolberg and Adrienne Gormley, aims to strengthen the company's position in the creator economy and foster further development.

Dynatrace (NYSE: DT) has achieved the AWS Migration and Modernization Competency status, demonstrating its technical proficiency in assisting large organizations with cloud migration and application modernization. This recognition enhances Dynatrace's reputation as an expert in modern cloud observability and solidifies its partnership with AWS. The company also holds additional AWS competencies, including Applied AI and Government Competencies, making it the only observability provider with all three. This designation affirms Dynatrace's commitment to simplifying cloud complexity for businesses.

Dynatrace has upgraded its analytics capabilities by integrating AI-powered log monitoring with PurePath, enhancing real-time data analysis for modern cloud environments. With this improvement, organizations can effortlessly optimize application performance in multicloud settings while significantly reducing alert noise and false positives. This update is set to roll out to all Dynatrace customers within the next 90 days, allowing DevOps and SRE teams to improve service reliability and innovate rapidly in a complex IT landscape.

Dynatrace announces the retirement of CEO John Van Siclen, effective December 13, 2021. Rick McConnell, previously President and GM at Akamai, will succeed him. Van Siclen has led Dynatrace since 2008, transforming it from a $5 million startup to a cloud observability leader nearing $1 billion in annual recurring revenue. Under his leadership, Dynatrace became one of the top IPOs of 2019. McConnell aims to leverage Dynatrace's leadership in observability and expand into application security.

Dynatrace, a software intelligence company, has introduced security gates within its platform to enhance DevSecOps workflows. This feature enables teams to automatically assess the security of new software releases, ensuring secure code flows through the delivery pipeline. According to IDC, a significant number of development teams sometimes skip vulnerability scans, highlighting the need for this innovation. The platform's AI and automation capabilities allow for real-time detection and management of vulnerabilities, facilitating faster, more secure software releases.

Software intelligence company Dynatrace (NYSE: DT) announced its executives will present at two investor conferences. The first is the RBC Capital Markets Technology, Internet, Media and Telecommunications Virtual Conference on November 16 at 9:20 a.m. ET. The second is the Barclays Global Technology, Media and Telecommunications Conference on December 8 at 9:10 a.m. ET. Live webcasts of both events will be accessible on the Dynatrace website and archived for 30 days.

Dynatrace reported a strong second quarter for fiscal 2022, with Annualized Recurring Revenue (ARR) reaching $864 million, a 35% increase year-over-year. Total revenue was $226 million, also up 34%. Subscription revenue constituted 94% of total revenue at $213 million, showing a 35% year-over-year increase. The company achieved a GAAP EPS of $0.08 and a non-GAAP EPS of $0.18. Dynatrace raised its full-year fiscal 2022 guidance for both total revenue and ARR, indicating robust growth potential.

Dynatrace (NYSE: DT) released findings from a global survey of 1,300 development and DevOps leaders, highlighting key challenges in digital innovation. Organizations plan to increase software release frequency by 58% over two years but face risks to code quality, with 22% admitting to sacrificing it for speed. Key insights include 27% of DevOps time spent on manual tasks, and 62% investing in automation. A unified platform and end-to-end observability are crucial for success, with 98% agreeing that extending DevOps is essential for digital transformation.