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Dynatrace
🇺🇸 NYSE:DT
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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.

Total Revenue
$210M
Previous year: $156M
+34.9%
EPS
$0.16
Previous year: $0.13
+23.1%
Total ARR
$823M
Previous year: $601M
+36.8%
Gross Profit
$171M
Previous year: $127M
+34.6%
Cash and Equivalents
$387M
Previous year: $250M
+54.7%
Free Cash Flow
$80.5M
Previous year: $32.6M
+147.1%
Total Assets
$2.21B
Previous year: $2.05B
+8.2%

Dynatrace

Dynatrace

Dynatrace 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.
  • 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

Company Overview

Full financial data and analysis

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