Dynatrace, Inc. (DT) 10-Q Quarterly Report Fri Jan 31 2020

WALTHAM, Mass, Jan 29, 2020 (Business Wire) - Dynatrace (NYSE: DT), the market-leading software intelligence provider, purpose-built for the enterprise cloud, today released financial results for the third quarter of its fiscal 2020 ended December 31, 2019.

“The third quarter marked another strong performance for Dynatrace, highlighted by record subscription and services revenue, ongoing robust demand for our all-in-one software intelligence platform, and continued strong momentum. We are pleased with our performance across our key operating metrics, which was driven by the combination of new logos and expansion with existing customers,” stated John Van Siclen, Chief Executive Officer. “As companies continue to digitally transform and move to enterprise clouds, Dynatrace remains well positioned to grow market share globally. Consequently, while we continue to execute efficiently and focus on profitability, we remain committed to maintaining our leadership position through ongoing innovation and further expansion of sales and marketing.”

Third Quarter Fiscal 2020 and Other Recent Business Highlights:

Financial Highlights:


•	Total Revenue of $143.3 million, an increase of 25% compared to $114.7 million in Q3 2019


•	Total ARR of $534.5 million, an increase of 44% compared to $372.3 million at the end of Q3 2019


•	Subscription and Services revenue of $139.4 million, an increase of 36% compared to $102.6 million in Q3 2019, and representing 97% of total revenue


•	GAAP Operating Income of $7.6 million and Non-GAAP Operating Income of $37.5 million


•	GAAP EPS of $0.01 and non-GAAP EPS of $0.10

Dynatrace^®Platform Highlights:


•	Ended the quarter with 2,208 Dynatrace customers, a sequential increase of 380 from the end of Q2 2020


•	Dynatrace Net Expansion rate at or above 120% for the 7th consecutive quarter


•	Dynatrace ARR represents 87% of total ARR, increasing from 80% of total ARR at the end of Q2 2020

Business Highlights:


•	Extended AI-powered software intelligence to AWS hybrid clouds through our unique SaaS architecture allowing Dynatrace to support AWS hybrid clouds with greater ease and data security than alternative approaches.


•	Paved the way to the autonomous cloud by releasing Keptn, an open source control plane to simplify IT’s journey to NoOps for cloud native environments.


•	Announced the contributions of transaction tracing knowhow and manpower to the OpenTelemetry project to shape the future of open standards-based observability and extend the reach of the Dynatrace Software Intelligence Platform.

The following information was filed by Dynatrace, Inc. (DT) on Wednesday, January 29, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Dynatrace, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: DT
CIK: 1773383
Form Type: 10-Q Quarterly Report
Accession Number: 0001773383-20-000004
Submitted to the SEC: Fri Jan 31 2020 12:21:57 PM EST
Accepted by the SEC: Fri Jan 31 2020
Period: Tuesday, December 31, 2019
Industry: Prepackaged Software