In spite of the challenging macro environment in the past quarter, Dynatrace managed to deliver an all-around beat in its last result. Constant currency subscription revenue growth and adjusted ARR growth increased by 29% over the previous year. Digital transformation and cloud modernization initiatives grew quickly. As a result, manual data troubleshooting and dashboard-based analytics are becoming increasingly difficult due to the explosion in data volume and complexity. Besides that, they added 85 new AppSec clients throughout the quarter, including many 6-figure purchases. Dynatrace also keeps improving its pricing and packaging strategies, which may help the company reach its full potential and hasten growth. We give Dynatrace a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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