Dynatrace, Inc DT reported fiscal fourth-quarter 2024 revenue growth of 21% year-on-year to $380.85 million, beating the analyst consensus estimate of $375.29 million.
Adjusted EPS of $0.30 beat the analyst consensus estimate of $0.27. The stock price gained after the print.
Annual Recurring Revenue (ARR) increased by 21% Y/Y or 20% in constant currency. Revenues from Subscription rose 22% Y/Y to $360 million (CC).
The adjusted operating margin remained steady Y/Y at 25%.
Dynatrace generated $121.3 million in free cash flow during the quarter. It held $836.87 million in cash and equivalents as of March-end.
Buyback: The company announced a $500 million share repurchase program.
“Our fourth quarter results exceeded guidance across all key operating metrics, fueled in part by a record number of 7-figure deals closed in the quarter,” said Rick McConnell, Chief Executive Officer.
Outlook: Dynatrace expects fiscal first quarter 2025 revenue of $391 million- $393 million (consensus $393.58 million). Dynatrace expects adjusted EPS of $0.29 – $0.30 (consensus $0.30).
For fiscal 2025, Dynatrace expects revenue of $1.644 billion – $1.658 billion vs. the consensus of $1.683 billion.
Dynatrace expects adjusted EPS of $1.26 – $1.29 vs. the consensus of $1.32.
Price Action: DT shares traded lower by 0.84% at $46.06 at the last check Wednesday.
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