Dynatrace Raises FY24 Outlook: Revenue $1.485B-$1.495B ($1.48B-$1.49B Prior) Vs. $1.417B Estimate, Adj. EPS $1.16-$1.18 ($1.09 - $1.12 Prior) Vs, $1.11 Estimate
Portfolio Pulse from Benzinga Newsdesk
Dynatrace (DT) has raised its FY24 revenue and adjusted EPS outlook, now expecting revenue between $1.485B-$1.495B, up from the prior $1.48B-$1.49B, and adjusted EPS between $1.16-$1.18, up from $1.09-$1.12. These figures surpass the analyst estimates of $1.417B in revenue and $1.11 in adjusted EPS. The company also reported improvements in total ARR, total revenue, subscription revenue, non-GAAP income from operations, and free cash flow.
February 08, 2024 | 11:36 am
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Dynatrace has raised its FY24 revenue and adjusted EPS outlook, indicating stronger than expected financial performance and growth.
Raising both revenue and EPS outlooks typically signals a company's strong performance and positive future expectations, which can lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100