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Jun 30, 2023
Dynatrace Q1 2024 Earnings Report
Dynatrace's first quarter results exceeded guidance, demonstrating growth and profitability.
Key Takeaways
Dynatrace's Q1 2024 results exceeded guidance across all key metrics, demonstrating a powerful combination of growth and profitability. Total ARR reached $1,294 million, up 25% year-over-year on a constant currency basis, and total revenue was $333 million, also up 25% on a constant currency basis. GAAP Operating Income was $34 million, and Non-GAAP Operating Income was $92 million.
ARR increased by 25% year-over-year on a constant currency basis, reaching $1,294 million.
Total revenue increased by 25% on a constant currency basis, totaling $333 million.
GAAP operating margin was 10%, while non-GAAP operating margin was 28%.
The Davis AI engine was expanded to deliver hypermodal artificial intelligence.
Revenue by Segment
Forward Guidance
Dynatrace is issuing guidance for the second quarter and updating guidance for full year fiscal 2024. The total foreign exchange tailwind for fiscal 2024 is now expected to be approximately $11 million on ARR and $15 million on revenue.
Positive Outlook
- Total ARR $1,475 - $1,490 million
- Total revenue $1,400 - $1,415 million
- Subscription revenue $1,326 - $1,341 million
- Non-GAAP operating income $357 - $367 million
- Non-GAAP net income $309 - $320 million
Challenges Ahead
- Total ARR growth as reported 18% - 20%
- Total ARR growth constant currency 18% - 19%
- Total revenue growth as reported 21% - 22%
- Total revenue growth constant currency 20% - 21%
- Subscription revenue growth as reported 22% - 24%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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