NYSE$DT
Dynatrace Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Dynatrace's first quarter results exceeded guidance, demonstrating growth and profitability.
Dynatrace's Q1 2024 results exceeded guidance across all key metrics, demonstrating a powerful combination of growth and profitability. Total ARR reached $1,294 million, up 25% year-over-year on a constant currency basis, and total revenue was $333 million, also up 25% on a constant currency basis. GAAP Operating Income was $34 million, and Non-GAAP Operating Income was $92 million.
- ARR increased by 25% year-over-year on a constant currency basis, reaching $1,294 million.
- Total revenue increased by 25% on a constant currency basis, totaling $333 million.
- GAAP operating margin was 10%, while non-GAAP operating margin was 28%.
- The Davis AI engine was expanded to deliver hypermodal artificial intelligence.
Headline financials
Revenue & EPS history
Dynatrace · Revenue · Quarterly
$333M
Revenue by segment
Dynatrace · $333M total across 2 segments · Q1 2024
- Subscription$316M+26.8%95.1%
- Service$16.4M-7.2%4.9%
Forward guidance
Dynatrace is issuing guidance for the second quarter and updating guidance for full year fiscal 2024. The total foreign exchange tailwind for fiscal 2024 is now expected to be approximately $11 million on ARR and $15 million on revenue.
Tailwinds
- Total ARR $1,475 - $1,490 million
- Total revenue $1,400 - $1,415 million
- Subscription revenue $1,326 - $1,341 million
- Non-GAAP operating income $357 - $367 million
- Non-GAAP net income $309 - $320 million
Headwinds
- Total ARR growth as reported 18% - 20%
- Total ARR growth constant currency 18% - 19%
- Total revenue growth as reported 21% - 22%
- Total revenue growth constant currency 20% - 21%
- Subscription revenue growth as reported 22% - 24%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+1.6%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+4.2%
Avg return
30 days after
57%
16 / 28 earnings
Positive
+20.5%
Q3 2023
Best reaction
-21.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -15.1% | +1.6% | +4.0% | |
| Q3 2026 | +7.3% | +10.4% | +11.5% | |
| Q2 2026 | -4.3% | -5.9% | -10.4% | |
| Q1 2026 | -0.1% | -8.9% | -1.0% | |
| Q4 2025 | +6.0% | +5.4% | +4.9% | |
| Q3 2025 | +0.7% | +3.4% | -0.2% | |
| Q2 2025 | -6.4% | -5.4% | +3.2% | |
| Q1 2025 | +16.8% | +16.1% | +23.9% | |
| Q4 2024 | +4.4% | +4.2% | -1.1% | |
| Q3 2024 | -11.3% | -14.2% | -22.8% | |
| Q2 2024 | +7.3% | +9.8% | +23.5% | |
| Q1 2024 | -13.5% | -12.5% | -12.7% | |
| Q4 2023 | +5.1% | +5.0% | +9.4% | |
| Q3 2023 | +20.5% | +20.6% | +12.8% | |
| Q2 2023 | -2.7% | -1.2% | +14.3% | |
| Q1 2023 | +6.3% | +9.7% | -4.1% | |
| Q4 2022 | +12.5% | +15.8% | +17.2% | |
| Q3 2022 | -21.8% | -16.0% | -26.4% | |
| Q2 2022 | -4.6% | -4.9% | -19.0% | |
| Q1 2022 | +2.0% | +2.6% | +7.2% | |
| Q4 2021 | -1.9% | +2.8% | +22.2% | |
| Q3 2021 | +17.6% | +27.5% | +13.4% | |
| Q2 2021 | -11.4% | -15.4% | -5.8% | |
| Q1 2021 | +4.0% | +1.6% | +6.2% | |
| Q4 2020 | -1.7% | -1.4% | +5.8% | |
| Q3 2020 | +11.8% | +5.4% | +12.6% | |
| Q2 2020 | +9.3% | +12.3% | +43.5% | |
| Q1 2020 | +7.1% | -6.9% | -13.9% | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — |
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