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Sep 30, 2021
Dynatrace Q2 2022 Earnings Report
Reported financial results for the second quarter of fiscal year 2022, exceeding guidance across all key operating metrics.
Key Takeaways
Dynatrace's Q2 2022 saw ARR increase by 35% year-over-year to $864 million and subscription revenue increase by 35% year-over-year to $213 million. GAAP EPS was $0.08 and non-GAAP EPS was $0.18.
ARR reached $864 million, a 35% increase year-over-year (34% on a constant currency basis).
Subscription revenue was $213 million, up 35% year-over-year (33% on a constant currency basis).
GAAP EPS was reported at $0.08 and non-GAAP EPS at $0.18 on a dilutive basis.
Strategic partnerships with Microsoft and Google were deepened, enhancing Dynatrace's availability across hyperscale platforms.
Dynatrace
Dynatrace
Dynatrace Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Dynatrace is issuing guidance for the third quarter and raising guidance for full year fiscal 2022.
Positive Outlook
- Total revenue is expected to be in the range of $233 to $235 million, 27% to 28% growth as reported, or 28% to 29% on a constant currency basis for Q3 2022.
- Subscription revenue is expected to be in the range of $219.5 to $221 million, 29% to 30% growth as reported, or 30% to 31% on a constant currency basis for Q3 2022.
- Total ARR is expected to be in the range of $986 to $996 million, 27% to 29% growth as reported, or 29% to 30% growth on a constant currency basis for fiscal year 2022.
- Total revenue is expected to be in the range of $913 to $919 million, 30% to 31% growth as reported, 29% to 30% growth on a constant currency basis for fiscal year 2022.
- Subscription revenue is expected to be in the range of $857.5 to $862.5 million, 31% to 32% growth as reported, 30% to 31% growth on a constant currency basis for fiscal year 2022.
Challenges Ahead
- Non-GAAP operating income is expected to be in the range of $54 to $56 million for Q3 2022.
- Non-GAAP net income is expected to be in the range of $45.5 to $47.5 million for Q3 2022.
- Non-GAAP net income per diluted share is expected to be $0.16, based on a range of 292 to 293 million diluted weighted-average shares outstanding for Q3 2022.
- Non-GAAP operating income is expected to be in the range of $219 to $226 million for fiscal year 2022.
- Non-GAAP net income is expected to be in the range of $185 to $191 million for fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income