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Sep 30, 2022
Dynatrace Q2 2023 Earnings Report
Dynatrace's Q2 2023 financial results were released, demonstrating performance exceeding guidance across key metrics with adjusted ARR growth of 33% year-over-year.
Key Takeaways
Dynatrace reported strong second-quarter results, exceeding guidance across all key metrics. Total ARR reached $1,065 million, with adjusted ARR growth of 33% year-over-year. Total revenue was $279 million, up 30% on a constant currency basis, and subscription revenue was $261 million, up 29% on a constant currency basis. EPS was $0.04, and Non-GAAP EPS was $0.22.
Total ARR reached $1,065 million, with adjusted ARR growth of 33% year-over-year.
Total revenue was $279 million, up 30% on a constant currency basis.
Subscription revenue was $261 million, up 29% on a constant currency basis.
Dynatrace launched its core Grail™ technology within the Dynatrace Platform, a major advancement in data analytics.
Revenue by Segment
Forward Guidance
Dynatrace is issuing guidance for the third quarter and updating guidance for the full year fiscal 2023. The company expects a total revenue of $283 - $286 million for Q3 2023 and $1,119 - $1,126 million for fiscal year 2023. Total ARR is expected to be $1,164 - $1,172 million for fiscal year 2023.
Positive Outlook
- Total revenue for Q3 Fiscal 2023 is expected to be $283 - $286 million.
- Subscription revenue for Q3 Fiscal 2023 is expected to be $266.5 - $268.5 million.
- Non-GAAP operating income for Q3 Fiscal 2023 is expected to be $71.5 - $73.5 million.
- Total ARR for fiscal year 2023 is expected to be $1,164 - $1,172 million.
- Total revenue for fiscal year 2023 is expected to be $1,119 - $1,126 million.
Challenges Ahead
- Total ARR guidance for fiscal year 2023 was decreased by $(52) million.
- Total revenue guidance for fiscal year 2023 was decreased by $(8) million.
- Subscription revenue guidance for fiscal year 2023 was decreased by $(8) million.
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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