NYSE$DT

Dynatrace Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Dynatrace's second quarter results for fiscal year 2021 were released, showing strong growth and exceeding guidance.

Dynatrace reported strong second-quarter results for fiscal year 2021, exceeding expectations across key metrics. Total revenue increased by 30% to $168.6 million, and ARR grew by 35% to $638.1 million. The company's GAAP EPS was $0.06, and non-GAAP EPS was $0.18.

  • Total revenue increased by 30% year-over-year to $168.6 million.
  • ARR increased by 35% year-over-year to $638.1 million.
  • Subscription revenue increased by 36% year-over-year to $157.7 million, representing 94% of total revenue.
  • GAAP EPS was $0.06, and non-GAAP EPS was $0.18.

Headline financials

Total Revenue

$169M

Previous: $129M+30.3%
EPS (adj)

$0.18

Previous: $0.06+200.0%
Total ARR

$638M

Previous: $471M+35.5%
Capital Expenditures

-$6.4M

Previous: -$9.76M+34.4%
Free Cash Flow

$11.1M

Previous: -$427M+102.6%
Net Income

$17.5M

Previous: -$417M+104.2%
Operating Income

$22.8M

Previous: -$155M+114.8%
Gross Profit

$138M

Previous: $89.8M+53.5%
Cash & Equivalents

$248M

Previous: $212M+17.4%
Total Assets

$2.06B

Previous: $1.93B+6.4%
Stock-Based Comp

$14.8M

Previous: $155M-90.4%

Revenue & EPS history

Dynatrace · Revenue · Quarterly

$169M

Q2 2021+30.3%vs Q2 2020
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Revenue by segment

Dynatrace · $168M total across 2 segments · Q2 2021

  • Subscription
    $158M+36.2%
  • Service
    $10.5M

Forward guidance

Dynatrace is issuing guidance for the third quarter and raising full year fiscal 2021. Total revenue is expected to be in the range of $171.0 million to $173.0 million, 19% to 21% growth as reported, and 18% to 20% on a constant currency basis. Total ARR is expected to be in the range of $721.0 million to $727.0 million, 26% to 27% growth as reported, and 25% to 26% on a constant currency basis.

Tailwinds

  • Total revenue is expected to be in the range of $171.0 million to $173.0 million, 19% to 21% growth as reported, and 18% to 20% on a constant currency basis
  • Subscription revenue is expected to be in the range of $160.5 million to $162.0 million, 25% to 26% growth as reported, 24% to 25% on a constant currency basis
  • Non-GAAP operating income is expected to be in the range of $43.0 million to $45.0 million
  • Non-GAAP net income is expected to be in the range of $36.0 million to $38.5 million
  • Non-GAAP net income per diluted share is expected to be in the range of $0.12 to $0.13, based on a range of 289 million to 290 million diluted weighted-average shares outstanding

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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