Posted on Wednesday, May 25th 2022
global market for Application Performance Management (APM) is estimated to grow at over 11% CAGR to reach $11.9 billion by 2027. Dynatrace (NYSE: DT), a market leader in this industry, recently reported its quarterly results that outpaced market expectations. Dynatrace’s Financials
For the fourth quarter, Dynatrace’s revenues grew 31% to $253 million, ahead of the Street’s forecast by 2.22%. EPS of $0.17 was ahead of the Street’s forecast of $0.16 for the quarter. This was a milestone quarter for Dynatrace as it crossed the $1 billion threshold in annualized revenue.
Among key metrics, Annual Recurring Revenue (ARR) rose 35% to $995. Subscription and services revenue grew 31% to $235 million.
For the fiscal year, revenues grew 32% to $929 million and EPS was $0.68.
Dynatrace expects to end the first quarter with revenues of $261-$263.5 million and EPS of $0.17-$0.18. The market was looking for revenues of $262.3 million and an EPS of $0.18. Dynatrace expects to end the year with revenues of $1.142-$1.158 billion and an EPS of $0.74-$0.78. The market expects revenues of $1.15 billion and an EPS of $0.75 for the year.
Dynatrace’s Growth Focus
Recently, Dynatrace announced the expansion of its partnership with AWS. The partnership will allow the two to align on new product and solution development in addition to joint activities like events, sponsorships, and customer solutions workshops. Organizations will be able to benefit from easier access to the Dynatrace Software Intelligence Platform through the AWS Marketplace, allowing them to deliver flawless and secure digital experiences.
It also announced that it enhanced its Application Security Module to now provide real-time, automatic attack detection and blocking to protect against injection attacks that exploit critical vulnerabilities. By building on existing capabilities like automatic detection of runtime vulnerabilities in cloud-native applications and container workloads, organizations have the ability to protect their applications in real time and increase DevSecOps to strengthen the security of their digital services and accelerate throughput.
Dynatrace operates beyond APM and believes that its market opportunity is at $50 billion and growing. Recent research reports reveal that most businesses have digital transformation as their leading business priority. To execute these initiatives, organizations are accelerating their movement to the cloud. As organizations transition to the cloud, they are realizing that the dynamic nature of modern clouds brings incredible complexity to their ecosystem. Companies are running multi-cloud and hybrid cloud environments with thousands of applications, generating petabytes of data and tens of millions of interdependencies. Most observability solutions deployed are assembled internally and try to integrate multiple disparate tools to gain visibility into these ecosystems. Companies are looking to simplify this complexity, and are looking for “
more than just dashboards”.
Dynatrace is hoping to address this market demand by continuing to invest in R&D to deliver customer value and differentiation. The Dynatrace platform delivers end-to-end observability, leveraging its AIOps engine to invoke situational awareness and true causation. Its platform is delivered across multiple modules including solutions for apps and microservices, infrastructure monitoring, cloud automation, and much more. The company envisions providing a fully automated, highly performing, and cost-effective log monitoring solution that scales with businesses.
Its stock is trading at $37.68 with a market capitalization of $10.86 billion. It had climbed to a peak of $80.13 in October last year. It was trading at $29.41 earlier this month.
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. Photo Credit: Herbert Aust from Pixabay 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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