Dynatrace, Inc. - DT STOCK NEWS

Dynatrace (NYSE: DT) reported robust financial results for Q3 fiscal 2021, with Annual Recurring Revenue (ARR) surging 35% year-over-year to $722 million. Total revenue increased by 28%, reaching $182.9 million, driven primarily by a 33% jump in subscription revenue. Notably, Dynatrace achieved a net expansion rate exceeding 120% and introduced significant product updates, including Cloud Application Security. The company raised its Q4 and full fiscal year 2021 revenue guidance, anticipating total revenue of $190-$192 million for Q4, reflecting continued strong demand amid market challenges.

Dynatrace (NYSE: DT) has appointed Jill Ward as the new chair of its Board of Directors. Having served on the board since September 2019, Ward brings extensive leadership experience, including previous roles at Fleetmatics and Intuit. CEO John Van Siclen noted her significant contributions and expressed confidence in her ability to guide Dynatrace through its growth phase. Ward emphasized her commitment to the company's culture of innovation and the opportunity it presents in the digital transformation landscape.

Dynatrace (NYSE: DT) announced an expanded partnership with Google Cloud, enabling its observability platform to be available on the Google Cloud Marketplace. This collaboration facilitates streamlined procurement and deployment for Google Cloud users. Key aspects include using committed Google Cloud Platform (GCP) spend for purchases, co-marketing initiatives, and sales incentives for joint efforts. Dynatrace aims to assist enterprises in accelerating their cloud migration and digital transformation, underscoring the need for advanced observability in modern architectures.

Software intelligence company Dynatrace (NYSE: DT) has enhanced its Application Security Module, enabling real-time identification of vulnerabilities in production and pre-production environments. This module is integrated with Snyk Intel's vulnerability database, facilitating faster remediation for developers. Dynatrace's approach emphasizes continuous automation for cloud-native environments, aiming to improve security posture while reducing manual processes. The collaboration with Snyk is designed to prioritize vulnerabilities effectively, aligning with the growing demand for secure digital transformation.

Dynatrace (NYSE: DT) will report its fiscal third quarter results for the period ending December 31, 2020, before markets open on February 3, 2021. A conference call and live webcast will take place at 8:00 a.m. ET on the same day to discuss the financial results and future outlook. Interested parties can join the call via specified U.S. and international numbers or watch the webcast on their investor relations website. An audio replay will be available until February 18, 2021.

Dynatrace (NYSE: DT) has launched a new Application Security Module to bolster its Software Intelligence Platform, targeting the cloud application security market, projected to reach $18B. This module enhances security for both production and preproduction environments, particularly for Kubernetes architectures. It introduces continuous runtime application self-protection (RASP) capabilities, allowing organizations to detect vulnerabilities in real time while minimizing false positives. The module is now available for existing Dynatrace customers, aiming to streamline DevSecOps processes.

Dynatrace announced its entry into the cloud application security market with the launch of the Dynatrace Application Security Module. This new module offers continuous runtime application self-protection (RASP) capabilities, specifically designed for Kubernetes architectures and DevSecOps approaches. The software leverages automation and AI to enhance security measures, enabling immediate deployment for existing customers. With this innovation, Dynatrace aims to address challenges in application security, eliminate blind spots, and support rapid innovation within organizations.

Dynatrace, a software intelligence company, has announced the launch of PurePath 4, its latest distributed tracing and code-level analysis technology. This upgrade offers end-to-end transaction analysis across multicloud environments with minimal overhead. PurePath 4 extends support for OpenTelemetry and integrates with modern cloud-native architectures, enhancing observability for DevOps and CloudOps teams. It includes features for hybrid-cloud environments, enabling better performance optimization and real-time analytics. The new PurePath capabilities will be available to all customers within the next 90 days.

Dynatrace (NYSE: DT) announced the participation of its executives in four upcoming investor conferences. CEO John Van Siclen and CFO Kevin Burns will present at the RBC 2020 TIMT Virtual Conference on November 17 at 1:20 p.m. ET, and at the UBS Global TMT Virtual Conference on December 9 at 3:45 p.m. ET. Burns will also present at the Raymond James Technology Investor Conference on December 8 at 8:00 a.m. ET, and at the Barclays Global TMT Virtual Conference on December 10 at 9:00 a.m. ET. Webcasts will be available on the Dynatrace investor relations website for 30 days.