Welcome to our dedicated page for Dynatrace news (Ticker: DT), a resource for investors and traders seeking the latest updates and insights on Dynatrace stock.
Dynatrace, Inc. (symbol: DT) is a leading cloud-native company specializing in digital performance management. Its core business revolves around analyzing machine data to provide valuable insights for improving customer conversions, accelerating release cycles, and simplifying operations. Dynatrace offers a comprehensive platform delivered as a software-as-a-service (SaaS) solution, enabling clients to monitor and analyze their entire IT infrastructure in real time.
The Dynatrace platform stands out for its ability to ingest and analyze vast amounts of machine-generated data swiftly. This capability allows businesses to use the platform for a variety of applications, including performance monitoring, anomaly detection, and business analytics. By leveraging this technology, companies can ensure optimal performance, enhance user experience, and drive strategic decisions based on real-time data.
In recent years, Dynatrace has achieved significant milestones, including the enhancement of its artificial intelligence (AI) capabilities, the expansion of its customer base, and the forging of strategic partnerships. The company's financial health remains robust, supported by consistent revenue growth and innovative product developments. Current projects at Dynatrace focus on expanding its AI and machine learning features, improving automation, and integrating with more third-party systems to provide a more seamless user experience.
Dynatrace's product portfolio includes solutions for application performance management, infrastructure monitoring, digital experience management, and cloud automation. These products are designed to help businesses maintain high levels of performance and reliability in their digital operations.
To stay updated with the latest developments, investors and stakeholders can follow the Latest News from Dynatrace, which covers a wide range of topics including financial results, product launches, and strategic initiatives. These updates offer valuable insights into the company's progress and future directions.
Dynatrace reported strong Q2 results for fiscal 2023, showcasing a 33% year-over-year growth in adjusted ARR, reaching $1,065 million. Total revenue surged 30% to $279 million, driven by a 29% increase in subscription revenue. Despite a robust performance, the company cautioned about a foreign exchange headwind affecting fiscal 2023 projections, now estimating a $60 million impact. Guidance for Q3 anticipates revenue between $283-$286 million and an adjusted ARR growth of 24%.
Dynatrace (NYSE: DT) has appointed Jim Benson as Chief Financial Officer (CFO), effective November 15, 2022. Benson brings over 30 years of experience from leading technology companies, including Akamai Technologies, where he served as CFO from 2012 to 2019. He replaces Kevin Burns, who will assist during the transition period. CEO Rick McConnell expressed confidence in Benson's ability to lead the financial organization and drive growth. Dynatrace focuses on simplifying cloud complexity and enhancing digital transformation through its advanced observability platform.
DXC Technology (NYSE: DXC) has expanded its partnership with Dynatrace (NYSE: DT), making the Dynatrace Software Intelligence Platform the preferred software for DXC Platform X™. This collaboration aims to enhance observability and automated management of IT systems, improving efficiency in hybrid and multicloud environments. Recognized as the 2022 Partner of the Year by Dynatrace in North America, DXC will leverage its expertise and the Dynatrace platform to provide intelligent automation for better customer outcomes. The partnership aims for increased operational efficiencies and growth.
Dynatrace (NYSE: DT) will present at three investor conferences in November and December 2023. The presentations are scheduled for:
- RBC Capital Markets Global Technology Conference on November 15 at 1:25 p.m. ET.
- Credit Suisse Technology Conference on November 29 at 5:45 p.m. ET.
- Barclays Global Technology Conference on December 7 at 2:35 p.m. ET.
Webcasts can be accessed here and will be archived for 30 days.
Dynatrace (NYSE: DT) has announced an enhancement to its Davis AI engine, enabling development, SRE, and IT teams to perform ad hoc analytics. This update allows teams to harness causal AI for investigating emerging trends and resolving potential issues before they impact customers. The enhanced capabilities include real-time processing and intelligent automation for better application and infrastructure optimization. This feature will be generally available within 30 days, further positioning Dynatrace to streamline operations in complex cloud environments.
Dynatrace (NYSE: DT) has been recognized as a Leader in both cloud-native observability and security by ISG, a prominent global technology advisory firm. The company achieved the top position in observability and is noted for its robust security capabilities. The report highlights Dynatrace's extensive observability features, powered by the Davis AI engine, which automates vulnerability management and enhances DevSecOps processes. This significant acknowledgment underscores Dynatrace's commitment to innovation and its role in driving digital transformation.
Dynatrace (NYSE: DT) will report its second quarter financial results for fiscal 2023 on November 2, 2022, before the market opens. The conference call will take place at 8:00 a.m. ET, providing investors insights into the company’s performance and outlook. Investors can access the live call or the replay via the company’s website. This financial update is crucial for stakeholders as it provides an opportunity to gauge the company's performance and future direction.
Dynatrace (NYSE: DT) has unveiled its new Grail™ core technology within the Dynatrace® Software Intelligence Platform. Grail unifies observability, security, and business data from cloud-native and multicloud environments, enabling fast, AI-powered answers and cost-effective automation. Initially focused on log analytics, Grail is set to enhance broader IT, development, security, and business analytics solutions. The technology promises to accelerate digital transformation by delivering real-time insights and improving operational efficiency, available to customers within 30 days of the announcement.
Dynatrace (NYSE: DT) has partnered with fintech company Soldo to enhance application security, significantly reducing the time required to identify and remediate critical software vulnerabilities from days to minutes. The integration of Dynatrace® Application Security into Soldo's cloud-native environment allows for continuous monitoring and automated vulnerability management, crucial for maintaining high security standards in the financial services industry. This strategic move supports Soldo's commitment to safeguarding sensitive customer data while driving innovation.
Dynatrace (NYSE: DT) released a global survey revealing challenges faced by CIOs in managing cloud-native data. Key findings include that 71% of CIOs believe the data generated exceeds human management capabilities, while 77% report rapid changes in IT environments. Teams use an average of 10 monitoring tools, yet only 9% of their system is observable. 59% expressed concerns over operational complexity, and 64% struggle to attract skilled professionals. The report emphasizes the rising need for automation and AIOps to enhance data management and alleviate workforce strain.
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