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Dynatrace, Inc. (DT) SEC Filing 10-K Annual Report for the fiscal year ending Friday, March 31, 2023

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Dynatrace, Inc.

HISTORY TOOLS
CIK: 1773383 Ticker: DT
Exhibit 99.1
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Dynatrace Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results
Adjusted ARR growth of 29% year-over-year

WALTHAM, Mass., May 17, 2023 - Dynatrace (NYSE: DT), the leader in unified observability and security, today announced financial results for the fourth quarter and full year ended March 31, 2023.

“Dynatrace delivered a great finish to the year with strong fourth quarter results that exceeded expectations across the board, demonstrating the durability of our business model,” said Rick McConnell, Chief Executive Officer. “Observability is quickly moving from optional to mandatory as customers look to tame the explosion of data and increased complexity that's driven by their cloud migration and digital transformation initiatives. As we begin fiscal 2024, we remain focused on driving innovation to meet customers' evolving needs, managing the business prudently, and investing thoughtfully in strategic priorities to capture the substantial opportunities we see ahead.”

All growth rates are compared to the fourth quarter and full year of fiscal 2022 unless otherwise noted.

Fourth Quarter Fiscal 2023 Financial Highlights:
•Total ARR of $1,247 million, Adjusted ARR growth of 29% year-over-year
•Total Revenue of $314 million, up 27% on a constant currency basis
•Subscription Revenue of $293 million, up 28% on a constant currency basis
•GAAP Operating Income of $19 million and Non-GAAP Operating Income of $78 million
•GAAP EPS of $0.27 and non-GAAP EPS of $0.31, on a dilutive basis

Full Year Fiscal 2023 Financial Highlights:
•Total Revenue of $1,159 million, up 29% on a constant currency basis
•Subscription Revenue of $1,083 million, up 29% on a constant currency basis
•GAAP Operating Income of $93 million and Non-GAAP Operating Income of $292 million
•GAAP EPS of $0.37 and non-GAAP EPS of $0.97, on a dilutive basis
•GAAP Operating Cash Flow of $355 million and Free Cash Flow of $333 million

Business Highlights:
•Platform Expansion: Innovations from the last quarter include an expanded GrailTM data lakehouse and a new user experience for Dynatrace products, both designed to enable exploratory analytics and deliver precise answers and intelligent automation from petabytes of unified observability and security data. In addition, the new Dynatrace AutomationEngine and AppEngine allow customers to automate nearly unlimited BizDevSecOps workflows and easily build custom, compliant, and data-driven apps and integrations.

•Analyst Recognition: The 2023 GigaOm Radar for Cloud Observability Solutions recently named Dynatrace a "Leader" and positioned the company as the closest of all vendors to the center of the radar. Enterprise Management Associates (EMA) recognized Dynatrace as one of the top ten leading security visionaries exhibiting at the 2023 RSA Conference.

•Expanded Partnerships: In fiscal 2023, business transacted through hyperscaler partners, including AWS, Google Cloud, and Microsoft Azure, led to several seven-figure deals in the fourth quarter. New business transacted through our largest hyperscaler partner grew by more than 80% compared to last year. In addition, we commenced the rollout of Dynatrace to DXC PlatformX customers, with many expected to migrate within the next 12 months. In Q4, we also saw continued expansion of our customer relationship with a major global system integrator (GSI). In addition to using the Dynatrace platform to power its observability practice, this GSI also uses Dynatrace for its internal observability and digital transformation initiatives.
1
The following information was filed by Dynatrace, Inc. (DT) on Wednesday, May 17, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Dynatrace, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders??? Equity
Accrued Expenses
Accrued Expenses (Details)
Accrued Expenses (Tables)
Commitment And Contingencies (Tables)
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Commitments And Contingencies (Details)
Description Of The Business
Employee Benefit Plan
Employee Benefit Plan (Details)
Geographic Information
Geographic Information (Tables)
Geographic Information - Summary Of Property And Equipment (Details)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Tables)
Goodwill And Other Intangible Assets, Net - Narrative (Details)
Goodwill And Other Intangible Assets, Net - Schedule Of Future Amortization Expense (Details)
Goodwill And Other Intangible Assets, Net - Schedule Of Goodwill (Details)
Goodwill And Other Intangible Assets, Net - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Income Tax Provision (Details)
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Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Income Before Income Taxes (Details)
Income Taxes - Tax Rate Reconciliation (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Lease Expense (Details)
Leases - Schedule Of Maturities Of Lease Liabilities (Details)
Leases - Schedule Of Supplemental Cash Flow Information (Details)
Long-Term Debt
Long-Term Debt - Narrative (Details)
Net Income Per Share
Net Income Per Share (Tables)
Net Income Per Share - Antidilutive Securities Excluded From Computation Of Earnings Per Share (Details)
Net Income Per Share - Summary Of Basic And Diluted Net Income Per Share (Details)
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Prepaid Expenses And Other Current Assets (Details)
Prepaid Expenses And Other Current Assets (Tables)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Narrative (Details)
Property And Equipment, Net - Table (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Schedule Of Deferred Commissions (Details)
Revenue Recognition - Schedule Of Disaggregation Of Revenue (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Narrative (Details)
Share-Based Compensation - Option Activity (Details)
Share-Based Compensation - Schedule Of Compensation Expense (Details)
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Share-Based Compensation - Schedule Of Restricted Activity (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Accounts Receivable, Net (Details)
Significant Accounting Policies - Advertising (Details) (Details)
Significant Accounting Policies - Business Combinations (Details)
Significant Accounting Policies - Capitalized Software (Details)
Significant Accounting Policies - Change In Presentation (Details)
Significant Accounting Policies - Goodwill And Other Intangible Assets (Details)
Significant Accounting Policies - Impairment Of Long-Lived Assets (Details)
Significant Accounting Policies - Property And Equipment (Details)
Significant Accounting Policies - Reclassifications (Details)
Significant Accounting Policies - Revenue Recognition (Details)
Significant Accounting Policies - Segment Information (Details)
Significant Accounting Policies - Share-Based Compensation (Details)
Ticker: DT
CIK: 1773383
Form Type: 10-K Annual Report
Accession Number: 0001773383-23-000055
Submitted to the SEC: Thu May 25 2023 7:03:36 AM EST
Accepted by the SEC: Thu May 25 2023
Period: Friday, March 31, 2023
Industry: Prepackaged Software

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