Dynatrace (NYSE:DT) is up 9% in pre-open Wednesday after the company reported better-than-expected results for its fourth quarter.
Dynatrade reported adjusted EPS of $0.31 on revenue of $314 million, topping the consensus for earnings of $0.22 per share on sales of $304.9M.
“Dynatrace delivered a great finish to the year with strong fourth quarter results that exceeded expectations across the board, demonstrating the durability of our business model,” said Rick McConnell, chief executive officer. “Observability is quickly moving from optional to mandatory as customers look to tame the explosion of data and increased complexity that's driven by their cloud migration and digital transformation initiatives.”
For this quarter, the company sees adjusted EPS at $0.22 on revenue of $326.5M, ahead of the consensus at $321.6M. For FY24, revenue is seen at $1.40 billion, again ahead of the Street at $1.37B.
Full-year profit is expected at $1.00 while analysts were expecting $0.98.