Dynatrace Expects FY24 Outlook: Revenue $1.644B-$1.658B ($1.485B-$1.495B Prior) Vs. $1.425B Est, Adj. EPS $1.26-$1.29 ($1.16-$1.18 Prior) Vs, $1.17 Est
Portfolio Pulse from Benzinga Newsdesk
Dynatrace has updated its FY24 outlook, projecting revenue between $1.644 billion and $1.658 billion, up from the prior range of $1.485 billion to $1.495 billion, and adjusted EPS between $1.26 and $1.29, up from $1.16 to $1.18. The company also provided detailed financial metrics for FY25.
May 15, 2024 | 10:45 am
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POSITIVE IMPACT
Dynatrace has raised its FY24 revenue outlook to $1.644 billion-$1.658 billion and adjusted EPS to $1.26-$1.29, both above previous estimates. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
The upward revision in revenue and EPS estimates indicates strong business performance and growth prospects, which are likely to positively impact the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100