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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.
Dynatrace
Dynatrace
Dynatrace Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com 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.
- Subscription revenue is expected to be in the range of $848 to $856 million, 29% to 31% growth as reported, or 27% to 29% growth on a constant currency basis for FY 2022.
- Non-GAAP operating income is expected to be in the range of $208 to $218 million for FY 2022.
- Non-GAAP net income is expected to be in the range of $175 to $184 million for FY 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income