Dynatrace Inc - DT STOCK NEWS

Dynatrace announced its entry into the cloud application security market with the launch of the Dynatrace Application Security Module. This new module offers continuous runtime application self-protection (RASP) capabilities, specifically designed for Kubernetes architectures and DevSecOps approaches. The software leverages automation and AI to enhance security measures, enabling immediate deployment for existing customers. With this innovation, Dynatrace aims to address challenges in application security, eliminate blind spots, and support rapid innovation within organizations.

Dynatrace, a software intelligence company, has announced the launch of PurePath 4, its latest distributed tracing and code-level analysis technology. This upgrade offers end-to-end transaction analysis across multicloud environments with minimal overhead. PurePath 4 extends support for OpenTelemetry and integrates with modern cloud-native architectures, enhancing observability for DevOps and CloudOps teams. It includes features for hybrid-cloud environments, enabling better performance optimization and real-time analytics. The new PurePath capabilities will be available to all customers within the next 90 days.

Dynatrace (NYSE: DT) announced the participation of its executives in four upcoming investor conferences. CEO John Van Siclen and CFO Kevin Burns will present at the RBC 2020 TIMT Virtual Conference on November 17 at 1:20 p.m. ET, and at the UBS Global TMT Virtual Conference on December 9 at 3:45 p.m. ET. Burns will also present at the Raymond James Technology Investor Conference on December 8 at 8:00 a.m. ET, and at the Barclays Global TMT Virtual Conference on December 10 at 9:00 a.m. ET. Webcasts will be available on the Dynatrace investor relations website for 30 days.

Dynatrace has been recognized as a Leader in The Forrester Wave™ for Artificial Intelligence for IT Operations, scoring highest in the Current Offering category. The company received top scores in 16 evaluation criteria, including monitoring and analytics capabilities. Forrester points out the need for modern analytics and automation due to increasing IT complexity. Dynatrace’s platform is designed to enhance collaboration and innovation by automating cloud operations, delivering real-time insights, and improving user experience monitoring.

Dynatrace (NYSE: DT) reported strong financial results for Q2 FY2021, ending September 30, 2020. Total revenue reached $168.6 million, a 30% year-over-year increase, with annual recurring revenue (ARR) at $638.1 million, up 35%. Subscription revenue was $157.7 million, marking a 36% rise. Non-GAAP operating income stood at $53.3 million, with a non-GAAP EPS of $0.18. Looking ahead, the company raised its full-year revenue guidance to $668-$675 million, anticipating 22%-24% growth. This reflects confidence despite potential impacts from COVID-19.

Dynatrace (NYSE: DT) has launched an enhanced bi-directional integration with ServiceNow, aimed at improving efficiency in dynamic multicloud environments. This integration provides precise topology and service mapping, facilitating intelligent automation and reducing disruption risks. It allows BizDevOps teams to focus on innovation and accelerates digital transformation. Key benefits include greater efficiency, reduced risk of service disruptions, and faster innovation. This collaboration emphasizes an AIOps approach for autonomous cloud operations, promising substantial operational improvements for joint customers.

Dynatrace (NYSE: DT) released findings from a global survey of 700 CIOs indicating growing concerns about digital transformation's impact on IT teams. Key insights reveal that 89% of CIOs report accelerated digital transformation, with 86% utilizing cloud-native technologies. However, 63% admit their cloud environments have become too complex to manage. Organizations spend an average of $4.8 million annually on manual maintenance tasks, hindering innovation. CIOs emphasize the need for automation and AI to streamline operations, reduce costs, and maintain competitive edge.

Dynatrace (NYSE: DT) will report its financial results for the fiscal second quarter, ending September 30, 2020, on October 28, 2020, before market open. The company will host a conference call to discuss its results and business outlook at 8:00 a.m. ET on the same day. Investors can access the call through dial-in options or via a live webcast on the company's website. An audio replay will be available until November 11, 2020. Dynatrace offers software intelligence to enhance cloud operations and deliver a superior digital experience for enterprises.

Dynatrace (NYSE: DT) announced Temenos, a top banking software provider, will utilize its Software Intelligence Platform to enhance customer experiences. This partnership allows Temenos to achieve automatic observability across its hybrid, multicloud ecosystem, which includes Microsoft Azure and AWS. The Dynatrace platform strengthens service delivery speed and optimizes digital experiences, enabling Temenos to proactively manage their complex SaaS environment. The AI engine, Davis™, identifies anomalies and improves root-cause analysis, helping Temenos focus on customer success and better business results.