Dynatrace (NYSE:DT) shares climbed more than 7% in pre-market trading after the software company reported first-quarter fiscal 2027 results that topped Wall Street expectations, supported by continued demand for its AI-powered observability platform.
The company posted adjusted earnings of $0.48 per share, beating the ****** yst consensus estimate of $0.44. Revenue increased 16% year over year to $554.5 million, ahead of the expected $549.3 million.
Chief Executive Officer Rick McConnell said enterprise customers continue to invest heavily in cloud infrastructure and artificial intelligence initiatives.
"Dynatrace delivered an exceptional quarter, led by 41% organic net new ARR growth," McConnell said. "Demand continues to strengthen as enterprises expand cloud-native workloads and accelerate their AI initiatives."
Annual recurring revenue (ARR) rose 17% from a year earlier to $2.136 billion on both a reported and constant-currency basis.
#mcconnell #cloud
The company posted adjusted earnings of $0.48 per share, beating the ****** yst consensus estimate of $0.44. Revenue increased 16% year over year to $554.5 million, ahead of the expected $549.3 million.
Chief Executive Officer Rick McConnell said enterprise customers continue to invest heavily in cloud infrastructure and artificial intelligence initiatives.
"Dynatrace delivered an exceptional quarter, led by 41% organic net new ARR growth," McConnell said. "Demand continues to strengthen as enterprises expand cloud-native workloads and accelerate their AI initiatives."
Annual recurring revenue (ARR) rose 17% from a year earlier to $2.136 billion on both a reported and constant-currency basis.
#mcconnell #cloud
3 months ago
