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Dec 31, 2022
Dynatrace Q3 2023 Earnings Report
Dynatrace demonstrated strong performance, exceeding expectations and highlighting the resilience of its business model.
Key Takeaways
Dynatrace reported a strong third quarter in fiscal year 2023, with revenue of $297 million and adjusted ARR growth of 29% year-over-year. The company's performance was driven by the secular tailwinds of digital transformation and cloud modernization.
Total ARR reached $1,163 million, with adjusted ARR growth of 29% year-over-year.
Total revenue amounted to $297 million, reflecting a 29% increase on a constant currency basis.
Subscription revenue totaled $279 million, up 29% on a constant currency basis.
Dynatrace was recognized as a Leader in The Forrester Wave™: AIOps, Q4 2022 report and Gartner® 2022 Magic Quadrant™ for APM and Observability.
Dynatrace
Dynatrace
Dynatrace Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Dynatrace issued guidance for the fourth quarter and updated guidance for full year fiscal 2023.
Positive Outlook
- Total revenue for Q4 Fiscal 2023 is expected to be $304 - $307 million.
- Subscription revenue for Q4 Fiscal 2023 is expected to be $285 - $287 million.
- Non-GAAP operating income for Q4 Fiscal 2023 is expected to be $71.5 - $73.5 million.
- Non-GAAP net income for Q4 Fiscal 2023 is expected to be $65 - $67 million.
- Total ARR for fiscal year 2023 is expected to be $1,216 - $1,221 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income