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Jun 30, 2021
Dynatrace Q1 2022 Earnings Report
Dynatrace exceeded guidance across all key metrics, driven by ARR growth.
Key Takeaways
Dynatrace reported strong first-quarter results for fiscal year 2022, exceeding guidance across all key metrics. ARR grew by 37% year-over-year, and subscription revenue increased by 36% year-over-year.
ARR increased by 37% year-over-year, reaching $823 million.
Total revenue increased by 35% year-over-year, totaling $210 million.
Subscription revenue grew by 36% year-over-year, amounting to $197 million and representing 94% of total revenue.
GAAP EPS was $0.05, and non-GAAP EPS was $0.16 on a dilutive basis.
Revenue by Segment
Forward Guidance
Dynatrace is issuing guidance for the second quarter and raising guidance for full year fiscal 2022.
Positive Outlook
- Total revenue is expected to be in the range of $219 to $221 million, 30% to 31% growth as reported, or 28% to 29% on a constant currency basis for Q2 2022.
- Subscription revenue is expected to be in the range of $206.5 to $208 million, 31% to 32% growth as reported, or 29% to 30% on a constant currency basis for Q2 2022.
- Non-GAAP operating income is expected to be in the range of $53 to $55 million for Q2 2022.
- Non-GAAP net income is expected to be in the range of $44.5 to $46.5 million for Q2 2022.
- Total ARR is expected to be in the range of $984 to $996 million, 27% to 29% growth as reported, or 26% to 28% on a constant currency basis for FY 2022.
Challenges Ahead
- Non-GAAP net income per diluted share is expected to be in the range of $0.15 to $0.16, based on a range of 290 to 291 million diluted weighted-average shares outstanding for Q2 2022.
- Total revenue is expected to be in the range of $902 to $914 million, 28% to 30% growth as reported, or 26% to 28% growth on a constant currency basis for FY 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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