Dynatrace Names Jim Benson Chief Financial Officer
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November 2, 2022 12:59 PM EDT
BMO Capital analyst Keith Bachman lowered the price target on Dynatrace Inc. (NYSE: DT) to $39.00 (from $40.00) while maintaining an Outperform rating following results.
The analyst commented, "We thought the quarterly results were solid, including 33% net CC ARR growth, though the guide had mixed... More
November 2, 2022 10:05 AM EDT
Dynatrace Inc. (NYSE: DT) shares fell in the early part of Wednesday's session after the company reported its fiscal second quarter 2023 results.
The company posted adjusted earnings per share of $0.22 on revenue of $279 million, topping analyst consensus expectations for both metrics.
However, investors were mixed about the company's outlook after it said foreign exchange headwinds will impact its full-year expectations. Total FY23 FX impact on a constant currency basis is expected to be approximately $60 million on ARR, up from prior quarter expectations of roughly $40 million, while total FY23 FX impact is... More
