Posted on Wednesday, Mar 31st 2021
According to a recently published report,
the global Application Performance Management (APM) market is projected to grow at 7% CAGR to reach $6.12 billion by 2026 from $3.8 billion in 2019. Dynatrace (NYSE: DT) is a leading player in the market that continues to outpace market expectations. Dynatrace’s Financials
For the recently reported third quarter, Dynatrace’s revenues grew 28% to $182.9 million, ahead of the Street’s forecast of $172.36 million. Subscription and services revenue grew 33% to $170.3 million. License revenues fell 93.4% to $257 million. EPS grew from $0.10 a year ago to $0.17 and was ahead of the Street’s forecast of $0.13 for the quarter.
Among key metrics, Annual Recurring Revenue (ARR) rose 35% to $722 million, ahead of the market’s forecast of $514.5 million.
Dynatrace expects to end the fourth quarter with revenues of $190-$192 million and an adjusted income of $0.13-$0.14 per share. The market was looking for revenues of $191.81 million for the quarter. Dynatrace expects to end the year with revenues of $697-$699 million with an EPS of $0.61-$0.62.
Dynatrace’s Product Growth
During the quarter, Dynatrace announced the expansion of its collaboration with Microsoft. The expanded agreement will allow Dynatrace’s observability platform to be available for purchase through Microsoft’s marketplace. Microsoft customers will also be able to implement Dynatrace’s automatic and intelligent observability for both their Microsoft Azure and hybrid-cloud environments.
Additionally, Dynatrace announced the launch of
Software Intelligence Hub. The Hub provides customers with the ability to leverage out-of-the-box integrations as well as create their own custom integrations without the need for coding. It will enable teams to extend Dynatrace’s automation and AI-assistance across environments in addition to simplifying operations.
Last month, Dynatrace also announced the launch of a Cloud Automation Module to its Software Intelligence Platform. This new Module leverages the automation and intelligence of the Dynatrace Platform to manage the application development lifecycle process. The new module automates code tests and quality checks in line with an organization’s service level objectives. Powered by a fully-supported version of Keptn, an open-source project, the enhancement will accelerate DevOps by enabling Site Reliability Engineering teams to develop and manage cloud-native applications. You can
if you want to know more about what DevOps is. check here
Within security services, Dynatrace announced new enhancements as well. Security-focused upgrades include extending Dynatrace’s AI-powered risk assessment for applications running on Node.js. Additionally, Dynatrace is extending automatic software vulnerability detection in Kubernetes environments from workloads to the platform itself.
Dynatrace offers its partners access to its developer program. The
Dynatrace Developer Program is focused on providing developers with the resources required to support, build, test, and deploy innovative software intelligence solutions using the Dynatrace platform. Developers can create custom monitoring solutions using Dynatrace integration interfaces including the Dynatrace API, OneAgent SDK, OneAgent/ActiveGate Plugins, and OpenKit. Dynatrace does not share detailed metrics on the developers accessing its platform.
Dynatrace’s product has received positive reviews in the industry. Last year, it was ranked among the leader in Gartner’s Magic Quadrant for APM solutions for the tenth time in a row. Gartner recognizes Dynatrace’s combination of platform with AI-assistance and automation that helps reduce wasted effort and time and drives speed and quality of innovation. Dynatrace has stiff competition in the field from big giants like Cisco, which competes with it through its App Dynamics offering and players like New Relic, Splunk, and Datadog that are also operating in the same crowded marketplace.
Its stock is trading at $47.33 with a market capitalization of $13.2 billion. It hit a 52-week high of $56.94 last month and a 52-week low of $19.95 in March last year. Dynatrace had listed in August 2019 at $16 apiece at a valuation of $4.5 billion. Prior to the listing, Dynatrace had raised $21.9 million in funding from investors including Bain Capital Ventures and Bay Partners.
Disclosure: All investors should make their own assessments based on their own research, informed interpretations, and risk appetite. This article expresses my own opinions based on my own research of product-market fit, channel execution, and other factors. My primary interest is in product strategy. While this may have bearing on stock movements, my writings tend to focus on long-term implications. The information presented is illustrative and educational, but should not be regarded as a complete analysis nor recommendation to buy or sell the securities mentioned herein. I am not a registered investment adviser and I am not receiving compensation for this article. This segment is a part in the series : Cloud Stocks . Smartsheet Acquiring Bootstrapped Startups to Drive Growth . Bootstrapped Unicorn Atlassian is Acquiring Capital Efficient Startups . Netflix Price Hike Ruffles Competition . How Will Carbon Black Differentiate? . 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Tuya Struggles Amid Macro Economic Conditions . Analysis of Fastly's Fanout Acquisition . Analysis of BlackLine's FourQ Systems Acquisition . Analysis of IBM's Neudesic Acquisition . Analysis of Snowflake's Streamlit Acquisition . Google's Acquisition of Mandiant Fuels its Cloud Strategy . Microsoft Expands its Healthcare Cloud Offerings . Amazon Battles Margin Pressures . Atlassian Faces Stiff Competition . GoDaddy Targets a $126B TAM Opportunity . Bill.com Builds Value Added Services to Expand Wallet Share . Analysis of ON24's VIBBIO Acquisition . Twilio's Growth is Driven by Segment . Freshworks' Bots Make Customer Interactions Easier . Who Will Buy Zendesk? . Analysis of Shopify's Deliverr Acquisition . Wix Focuses on Profitability Amid Mounting Losses . Dynatrace Targets $50B Addressable Market . Analysis of Salesforce's Troop.Ai Acquisition . Analysis of Workday's VNDLY Acquisition . Nutanix Stumbles on Supply Chain Issues . Veeva Targets $13 Billion TAM . RingCentral Maintains UCaaS Leadership Through Partnerships and Innovation . Okta Bounces Back Stronger Despite Security Event . Adobe Strengthens its Creative Cloud Portfolio and Gets Ready for the Metaverse . Analysis of Zoom's Acquisition of Solvvy . Smartsheet Expands its Capabilities for Marketers . Toast Addresses Changing Restaurant Industry Dynamics . UiPath Simplifies Intelligent Automation . Informatica Focuses on Vertical Specific Offerings for Growth . Samsara Expands Farm-Focused Vertical Offerings . ForgeRock Leverages AI for Growth . Marqeta Struggles, Tries to Recover Through an API Strategy . Confluent Expands Ecosystem with Microsoft and AWS . Couchbase Focuses on Improving Efficiencies for Developers . Sprinklr's Deepening Integrations with TikTok and Amazon . Analysis of IBM's Randori Acquisition . Expensify Tests Other Services for Growth . monday.com Builds Capabilities for its App Marketplace . Snowflake Leverages the Streamlit Acquisition . Google Hones its Search Tech . Microsoft's Momentum in Commercial and Cloud Keeps it Steady . Amazon's Twin Engines of AWS and Prime Make it Resilient . Analysis of ServiceNow’s Hitch Works Acquisition . Twilio’s Strategy Post Segment Acquisition . HubSpot's Marketplace Strategy Continues to Thrive . Analysis of GoDaddy's Dan.com Acquisition . Freshworks Looks to Freshchat for Product Portfolio Expansion . Zendesk Agrees to be Bought Out . Tenable Provides Visibility into Internet-based Assets . Qualys Leverages Partner Network to Drive Go-to-Market Agenda . Bill.com Banks on its Organic Flywheel Amid Economic Turbulence . ON24 Targets $44 Billion Addressable Market . Palo Alto Network's Transformation Strategy Delivers Results . Atlassian’s Ecosystem Strategy Keeps it Steady . Okta Struggles with Auth0 Integration . Salesforce Targets Vertical Focused Offerings to Battle Economic Conditions . Workday Grows Strong Despite Recession . Nutanix's Subscription Model Delivers Results . Veeva Believes R&D Segment Will Deliver under Economic Uncertainty . RingCentral Focuses on Hardware Integration . MongoDB Addresses Economic Concerns Through Product Upgrades . Rapid7 Focuses on Simplifying View for Security Teams . Analysis of Smartsheet's Outfit Acquisition . HashiCorp Struggles to Maintain DecaCorn Valuation Amid Stock Conditions . Coupa Helps Maximize Savings Efficiency to Tackle Global Economic Conditions . DocuSign Focuses on Integrations