Dynatrace (DT) nosedives 14% despite solid Q4 results and raised 2024 outlook

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Dynatrace Reports Third Quarter Fiscal Year 2024 Financial Results

February 8, 2024 6:30 AM EST

Exceeds high end of guidance across all Q3 metrics

Delivers ARR growth of 21% year-over-year on a constant currency basis

Achieves GAAP Operating Margin of 10% and Non-GAAP Operating Margin of 29%

WALTHAM, Mass.--(BUSINESS WIRE)-- Dynatrace (NYSE: DT), the leader in unified observability and security, today announced financial results for the third quarter of fiscal 2024 ended December 31, 2023.

"Our Q3 results of balanced growth, profitability, and free cash flow reflect our continued ability to execute successfully in a dynamic market, said Rick... More