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Compared to Estimates, Dynatrace (DT) Q1 Earnings: A Look at Key Metrics
DynatraceDynatrace(US:DT) ZACKSยท2024-08-07 14:36

Core Insights - Dynatrace reported revenue of $399.22 million for the quarter ended June 2024, reflecting a year-over-year increase of 19.9% and surpassing the Zacks Consensus Estimate of $392.63 million by 1.68% [1] - The company's EPS for the quarter was $0.33, up from $0.27 in the same quarter last year, exceeding the consensus EPS estimate of $0.29 by 13.79% [1] Revenue Performance - Total Annual Recurring Revenue (ARR) reached $1.54 billion, slightly above the average estimate of $1.53 billion from eight analysts [3] - Subscription revenues amounted to $381.58 million, exceeding the nine-analyst average estimate of $375.13 million, with a year-over-year growth of 20.6% [5] - Service revenues were reported at $17.64 million, surpassing the average estimate of $17.11 million from nine analysts, representing a year-over-year increase of 7.4% [4] Profitability Metrics - Gross profit from services was $0.84 million, compared to the average estimate of $0.65 million from five analysts [6] - Gross profit from subscriptions was reported at $328 million, slightly below the average estimate of $328.90 million from five analysts [7] Stock Performance - Over the past month, Dynatrace shares have returned -6.2%, compared to a -5.9% change in the Zacks S&P 500 composite [7] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [7]