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Dynatrace
🇺🇸 NYSE:DT
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Mar 31, 2024

Dynatrace Q4 2024 Earnings Report

Dynatrace's Q4 2024 earnings exceeded guidance across all key operating metrics, driven by a record number of 7-figure deals and strong ARR growth.

Key Takeaways

Dynatrace reported a strong finish to fiscal year 2024, with fourth-quarter results exceeding guidance across all key operating metrics. The company's ARR grew by 20% year-over-year on a constant currency basis, reaching $1,504 million. Dynatrace also announced a $500 million share repurchase program, demonstrating confidence in the business and future growth prospects.

ARR increased by 21% year-over-year, or 20% on a constant currency basis, reaching $1,504 million.

Total revenue increased by 21% year-over-year, or 21% on a constant currency basis, reaching $381 million.

GAAP EPS was $0.13, and non-GAAP EPS was $0.30 on a dilutive basis.

Closed a record 18 deals greater than $1 million in annual contract value (ACV) in the quarter.

Total Revenue
$381M
Previous year: $314M
+21.1%
EPS
$0.3
Previous year: $0.31
-3.2%
Total ARR
$1.5B
Previous year: $1.25B
+20.6%
Non-GAAP Operating Margin
25%
Free Cash Flow Margin
32%
Gross Profit
$304M
Previous year: $255M
+19.1%
Cash and Equivalents
$837M
Previous year: $555M
+50.7%
Free Cash Flow
$121M
Previous year: $115M
+5.5%
Total Assets
$3.41B
Previous year: $2.77B
+23.3%

Dynatrace

Dynatrace

Forward Guidance

Dynatrace is issuing guidance for the first quarter and full year fiscal 2025 based on information available as of May 15, 2024. The total foreign exchange headwind for fiscal 2025 is expected to be approximately $10 million on ARR and revenue.

Positive Outlook

  • ARR is expected to be $1.72 billion - $1.735 billion (as reported 14% - 15%, constant currency 15% - 16%) for FY2025.
  • Total revenue is expected to be $391 million - $393 million (as reported 17% - 18%, constant currency 18% - 19%) for Q1 2025.
  • Total revenue is expected to be $1.644 billion - $1.658 billion (as reported 15% - 16%, constant currency 16% - 17%) for FY2025.
  • Subscription revenue is expected to be $374 million - $376 million (as reported 18% - 19%, constant currency 19%) for Q1 2025.
  • Subscription revenue is expected to be $1.571 billion - $1.585 billion (as reported 16% - 17%, constant currency 16% - 17%) for FY2025.

Challenges Ahead

  • Non-GAAP income from operations is expected to be $105 million - $108 million for Q1 2025.
  • Non-GAAP income from operations is expected to be $459 million - $467 million for FY2025.
  • Non-GAAP net income is expected to be $86 million - $89 million for Q1 2025.
  • Non-GAAP net income is expected to be $383 million - $392 million for FY2025.
  • Non-GAAP net income per diluted share is expected to be $0.29 - $0.30 for Q1 2025.

Company Overview

Full financial data and analysis

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