NYSE$DT
Dynatrace Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Dynatrace's Q3 2024 financial results exceeded expectations, demonstrating balanced growth, profitability, and strong free cash flow.
Dynatrace reported strong Q3 fiscal year 2024 results, exceeding the high end of guidance across all metrics. The company achieved ARR growth of 21% year-over-year on a constant currency basis and a GAAP Operating Margin of 10%.
- Total ARR reached $1,425 million, a 23% increase (21% on a constant currency basis).
- Total revenue was $365 million, up 23% (21% on a constant currency basis).
- Subscription revenue reached $348 million, a 25% increase (23% on a constant currency basis).
- GAAP EPS was $0.14, and Non-GAAP EPS was $0.32 on a dilutive basis.
Headline financials
Revenue & EPS history
Dynatrace · Revenue · Quarterly
$365M
Revenue by segment
Dynatrace · $352M total across 2 segments · Q2 2024
- Subscription$334M+28.0%95.1%
- Service$17.2M-4.5%4.9%
Forward guidance
Dynatrace is issuing guidance for the fourth quarter and updating guidance for full year fiscal 2024. We now expect foreign exchange to be a tailwind of approximately $10 million on ARR and approximately $13 million on revenue for fiscal 2024.
Tailwinds
- Total revenue for Q4 Fiscal 2024 is expected to be $372 - $377 million (18%-20% as reported growth).
- Subscription revenue for Q4 Fiscal 2024 is expected to be $353 - $358 million (20%-22% as reported growth).
- Non-GAAP income from operations for Q4 Fiscal 2024 is expected to be $85 - $90 million.
- Non-GAAP net income for Q4 Fiscal 2024 is expected to be $79 - $84 million.
- Total ARR is expected to be $1,485 - $1,495 million (19%-20% as reported growth).
Headwinds
- Non-GAAP operating margin for Q4 Fiscal 2024 is expected to be 23%-24%.
- Non-GAAP net income per diluted share for Q4 Fiscal 2024 is expected to be $0.26 - $0.28.
- Constant currency growth for total revenue is expected to be 18%-19%.
- Constant currency growth for subscription revenue is expected to be 20%-21%.
- Diluted weighted average shares outstanding are expected to be 300 - 301 million.
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 Q3 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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