Dynatrace Inc Q1 2024 Earnings Call Summary - Thomson StreetEvents

Dynatrace Inc Q1 2024 Earnings Call Summary

Dynatrace Inc Q1 2024 Earnings Call Summary - Thomson StreetEvents
Dynatrace Inc Q1 2024 Earnings Call Summary
Published Aug 02, 2023
14 pages (8417 words) — Published Aug 02, 2023
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Abstract:

Edited Brief of DT.N earnings conference call or presentation 2-Aug-23 12:00pm GMT

  
Brief Excerpt:

...A. We had a solid start to our fiscal year, exceeding the high end of our guidance across all metrics. B. ARR grew 25% year-over-year. C. Subscription revenue increased 27% year-over-year in constant currency and non-GAAP operating income was $92 million or 28% of revenue. D. These use cases helped drive new logo growth of 15% in the first quarter on a year-over-year basis and led to a dollar-based net retention of 116%. E. Some notable customer wins from this quarter include the following: A leading financial software company signed a 7-figure deal through the Azure portal. F. Now with full stack observability and logs on Grail with Dynatrace, this customer estimates they will save $1.5 million in the first 3 months of deployment due to greater efficiency, productivity and higher collaboration across teams. G. Another 7-figure win in the quarter was with one of the largest satellite television providers. H. Last month, after evaluating 19 vendors, Gartner named Dynatrace, a leader in the...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Dynatrace Inc
Ticker
DT.N
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Congrats on the quarter. I want to ask you on DPS since you're leaning on DPS this year. What have you seen so far from customer feedback on DPS? Are people kind of able to map their existing spend on DPS? Is there a period of learning? And any way to understand REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 02, 2023 / 12:00PM, DT.N - Q1 2024 Dynatrace Inc Earnings Call what are the expansion characteristics month-over-month? I think you talked about the point about accelerating ARR because of DPS. I think you said that last quarter as well. I'm just trying to understand any indications that might corroborate that point.

Question: Pinjalim Bora - JPMorgan Chase & Co, Research Division - Analyst : Got it. And one follow-up for you, Jim, on ARR. I'm trying to understand kind of the implied Q2 net new ARR guide, you kind of kept the 35%. And I appreciate that it's early in the year and all that. But it does imply kind of a downtick in net new ARR in Q2 versus Q1 in the growth. I'm trying to understand if you're seeing any kind of -- anything in the business that makes you feel like that net new growth might tick down next quarter? Was there any kind of pull in of deals into Q1 from Q2? Or is there just a little bit more conservatism given kind of the CRO transition?

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Rick, I wanted to go to -- back to Grail. It's starting to show up a lot more in partner conversations and they tend to be somewhat larger deals to on the logging side. Can you give us a bit of -- a bit more color on how you're thinking about cross-selling that? What does the pipeline look like for that? And in terms of like areas to maybe reaccelerate NRR, is that -- how do you think about Grail in the context of that?

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Yes. Got it. And then going back to AI. There's been a lot of talk in the industry about vector databases or vector search. I don't know that we've talked about that in terms of the Dynatrace platform. Can you give sort of your perspective on vector and if that plays a role in the tech stack?

Table Of Contents

Dynatrace Inc Annual Shareholders Meeting Summary – 2024-08-23 – US$ 54.00 – Edited Brief of DT.N shareholder or annual meeting 23-Aug-24 5:00pm GMT

Dynatrace Inc Q2 2024 Earnings Call Summary – 2023-11-02 – US$ 54.00 – Edited Brief of DT.N earnings conference call or presentation 2-Nov-23 12:00pm GMT

Dynatrace Inc Q2 2024 Earnings Call Transcript – 2023-11-02 – US$ 54.00 – Edited Transcript of DT.N earnings conference call or presentation 2-Nov-23 12:00pm GMT

Dynatrace Inc at Goldman Sachs Communacopia + Technology Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of DT.N presentation 6-Sep-23 2:30pm GMT

Dynatrace Inc Q1 2024 Earnings Call Transcript – 2023-08-02 – US$ 54.00 – Edited Transcript of DT.N earnings conference call or presentation 2-Aug-23 12:00pm GMT

Dynatrace Inc at Robert W Baird Global Consumer, Technology & Services Conference Summary – 2023-06-07 – US$ 54.00 – Edited Brief of DT.N presentation 7-Jun-23 7:45pm GMT

Dynatrace Inc at Robert W Baird Global Consumer, Technology & Services Conference Transcript – 2023-06-07 – US$ 54.00 – Edited Transcript of DT.N presentation 7-Jun-23 7:45pm GMT

Dynatrace Inc at Bank of America Global Technology Conference Summary – 2023-06-06 – US$ 54.00 – Edited Brief of DT.N presentation 6-Jun-23 9:00pm GMT

Dynatrace Inc at Bank of America Global Technology Conference Transcript – 2023-06-06 – US$ 54.00 – Edited Transcript of DT.N presentation 6-Jun-23 9:00pm GMT

Dynatrace Inc Q4 2023 Earnings Call Summary – 2023-05-17 – US$ 54.00 – Edited Brief of DT.N earnings conference call or presentation 17-May-23 12:00pm GMT

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Thomson StreetEvents. "Dynatrace Inc Q1 2024 Earnings Call Summary" Aug 02, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Dynatrace-Inc-Earnings-Call-B15659981>
  
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Thomson StreetEvents. (2023). Dynatrace Inc Q1 2024 Earnings Call Summary Aug 02, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Dynatrace-Inc-Earnings-Call-B15659981>
  
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