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Dynatrace (NYSE: DT) reported its fourth quarter and full year fiscal 2024 financial results, surpassing its guidance on key metrics. The company achieved a 21% increase in total revenue, reaching $381 million for the quarter, and an annual recurring revenue (ARR) of $1.504 billion, marking a 20% growth. Subscription revenue also saw a 23% rise, amounting to $360 million. The GAAP operating margin was recorded at 9%, with a non-GAAP operating margin of 28%. Additionally, Dynatrace announced a $500 million share repurchase program.
For the full fiscal year 2024, the total revenue was $1.431 billion, reflecting a 23% increase, and the subscription revenue grew by 25% to $1.359 billion. The company reported GAAP EPS of $0.52 and non-GAAP EPS of $1.20. Moreover, Dynatrace closed a record number of high-value deals and completed the acquisition of Runecast, enhancing its AI-driven security capabilities.
Dynatrace (NYSE: DT) announced the launch of the industry's first Observability-Driven Kubernetes Security Posture Management Solution, enhancing its platform with new capabilities for security, configuration, and compliance monitoring. The new KSPM offering strengthens cloud-native application protection, empowering teams to proactively address risks and achieve complete visibility into their security posture, compliance status, and attack vectors.
Dynatrace (NYSE: DT) will be presenting at three upcoming investor conferences, including the J.P. Morgan Global Technology, Baird Global Consumer, and William Blair Growth Stock conferences. The presentations will be live webcasts available on the company's Investor Relations website.
Dynatrace released its annual CISO survey, revealing that organizations struggle with communication barriers between security teams and the C-suite, leading to increased cyber risks. The report highlights the challenges CISOs face in driving alignment and the rise of AI-driven attacks, emphasizing the need for a unified approach to observability and security.
Dynatrace (NYSE: DT) will report financial results for Q4 and full year fiscal 2024 on May 15, 2024. Conference call and webcast to discuss results and outlook will be held. Details for accessing the call and webcast provided.
