I was just curious about the retention rates of the customers that have been converting over to the new Dynatrace platform. Dynatrace Announces PurePath 4 with OpenTelemetry and Support for the Latest Cloud-Native Architectures. ( 108,061 followers) Dynatrace, Inc. (NYSE: DT) Q4 2020 Results Earnings Conference Call. For the quarter, we had 270 million diluted weighted average shares outstanding. Our key financial metric focused on business momentum is annual recurring revenue. Over time, we believe Digital Business Analytics will extend our total addressable market by several billion dollars as we enter the $24 billion analytics and business intelligence market as defined by Gartner. During this call, we'll make statements related to our business that may be considered forward-looking within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21-E of the Securities Exchange Act of 1934, as amended. You saw a nice uptick in new customers in the quarter versus last quarter and well above where you were in 4Q. Before we start, I'd like to draw your attention to the Safe Harbor statement included in today's press release. Earlier this month, we announced an important new purpose-built module to the Dynatrace all-in-one platform, Digital Business Analytics. And given that there's a lot of players usually involved in those types of digital transformation projects, be it SIs or hyperscalers or other platform solutions, I'd just be curious where in the process Dynatrace comes into those types of transactions. No. We expect third quarter non-GAAP operating income to be in the range of $30 million to $31 million and non-GAAP EPS of $0.06 to $0.07 per share. And with this, the appreciation of understanding user experience has climbed dramatically. "We're in very uncharted waters. The Dow Jones Industrial Average hit new session highs midday as Apple rallies and lawmakers set to discuss a coronavirus stimulus deal. Our leverage ratio was 3.1 times. But there’s a dark side to Dow 30k –and it’s going to take 99% of Americans by surprise. So, currently, the folks, the landing zone is really with the operations folks who want to connect with the digital business owners and provide more value and service to that group. Dynatraceâs growthâ8% year-over-year for fiscal 2019âis slightly outpaced by AppDynamics, Rich said, but it has plenty of room for growth â¦ We have the industry-leading solution there. Please keep in mind that we received $265 million from the mainframe business pre-IPO and that these funds are being used to pay the federal and state taxes related to the spin. Consistent with prior quarters, a majority of these customers continue to be net new logos to our business. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. Dynatrace Managed monitoring. OK, got it. With that, I'd like to turn the call over to our chief executive officer, John Van Siclen. The IRS lets each of us save up to $6,000 a year in a tax-sheltered individual retirement account (there are, as always with the IRS, some mind-numbing little complications and caveats). Shares of General Electric Co. rallied Tuesday toward their first gain in four trading days, after two Wall Street analysts raised their price targets by more than 40%, both on upbeat outlooks for 2021. I mean it's healthy versus a lot of competitors out there that land in very small mid-market footprints. In addition to his three hotels, he also owns a significant chunk of the housing stock as well as the main grocery store and the monthly newspaper there.The Oracle chairman joins other tech leaders and ultra-wealthy in leaving California, with some pointing to the state’s high taxes. That's translated at time of conversion to about $123 million on to the Dynatrace platform. Finally, unlevered free cash flow for Q2 was $27.2 million, and it was $174.7 million on a trailing 12-month basis. Once again, during the quarter, over 200 new customers have joined the Dynatrace platform family. As you may recall, we started the conversion program with our sales organization six quarters ago, and to date, we have converted more than 50% of the Classic base. Our trailing 12-month adjusted EBITDA of $117.4 million. Information on stock, financials, earnings, subsidiaries, investors, and executives for Dynatrace. They are leveraging a multi-cloud environment that includes new go-to-market customer applications. Consistent with recent quarters, net new customers were a healthy balance of adding new logos to the franchise as well as Classic customers moving to the Dynatrace platform. Full story here. To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/68803. And our next question will come from the line of Matt Hedberg of RBC Capital Markets. So, what we do is we surface and connect this digital business data with that entire full-stack footprint. All rights reserved. Rajasekar T. answered Rajasekar T. 's question . Once again, in Q2, our net expansion rate comfortably exceeded 120%. Turning to our balance sheet. Sure. Returns as of 12/15/2020. We're really excited about it. Cumulative Growth of a $10,000 Investment in Stock Advisor, Dynatrace Holdings LLC (DT) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $DT, This Cloud Pioneer Is Ushering in a New Cybersecurity Trend in 2021, Why I Just Purchased Shares of AI Cloud Observability Company Dynatrace, Dynatrace Holdings LLC (DT) Q2 2021 Earnings Call Transcript, DataDog Rival Sumo Logic Files for IPO to Get in on the Rally, Copyright, Trademark and Patent Information. Our ARR expansion is solely the result of footprint and product expansion in our customer base. In general, the greenfield is about 1/3 of what we see. Dynatrace Holdings LLCÂ (NYSE:DT)Q2Â 2020 Earnings CallOct 30, 2019, 5:00 p.m. As we go forward, the role of outside counsel, guidance and governance will shift to independent board members. Bhavan Suri -- William Blair and Company -- Analyst. And I'm really excited about where we are in a competitive position at the right time in the market as this transition to enterprise cloud and the dynamism of these orchestrated workloads -- microservices workloads really hit production at a high level. “The answer is no. The Dynatrace platform's automatic install, self-learning baselining and in-product chat enabled the company to meet a tight time frame for implementation for its new applications and underlying enterprise cloud. And then seeing the net expansion north of 120% is great. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The current portion of RPO, which we expect to recognize as revenue over the next 12 months, was $380.5 million, an increase of 70% year over year. The use cases are wider. Dynatrace Holdings LLC (DT) Q2 2021 Earnings Call Transcript. This is Matt on for Sterling. Your next question will come from the line of Brent Thill with Jefferies. And we've been talking about the fact that the cloud will disrupt everything, and that's why we reinvented our platform for this moment. Recode first reported the executive’s decision, which followed Oracle’s announcement Friday that it had shifted the company’s headquarters to Austin, Texas, from Redwood City, California.“I’ve received a number of inquiries about whether or not I will be moving to Texas,” Ellison wrote in a memo to Oracle’s employees. As we just said -- let me just add real quick that this is a product extensionary that we've been eyeing for a while. But the stock market is signaling optimism about the U.S. economy in 2021, experts say. Is Pfizer Stock A Buy After FDA Authorizes Its Coronavirus Vaccine? Congrats on the quarter. Thanks, Michael. Worried about another recession? With that said, we remain focused on investing for long-term growth and plan to reinvest some of the revenue upside we expect for the full year back into the business which is reflected in our guidance. For the quarter, as expected, Classic license revenue was down to $2.7 million and represented only 2% of our quarterly revenue as we wind these products down. All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. ET. Yahoo. May 12, 2020 8:00 am ET. We are very pleased that we are over halfway through the conversion process and believe we will substantially complete this process over the next four quarters. But now we see the workloads starting to hit the cloud platforms at an accelerated rate. What we try to do is actually solve customer problems and help them drive better business outcomes. This is Parthiv on for Brent. In addition to adding new modules to the Dynatrace platform, we continue to extend existing platform capabilities as well. The value is certainly extremely high when you can bring business metrics tied with performance and user experience together in real-time for digital business owners. Stay up to date with lastest Earnings Announcements for Dynatrace, Inc. from Zacks Investment Research Read about the reinvention of Dynatrace as they explored the future of application monitoring. A large U.S.-based consumer products company that completed a seven-figure expansion just five months after their initial land purchase of the Dynatrace platform. 11/24 08:00. US STOCKS-Nasdaq ends at record high on stimulus bets, Apple boost, GLOBAL MARKETS-Stocks up, dollar slumps as risk appetite rises, Stock market news live updates: Stocks jump as investors eye stimulus, vaccines, Tesla is a 'prime' candidate to see its stock plummet after it enters S&P 500, analyst says, Luminar stock plunges after news that Mobileye plans to make its own lidar sensors, Motley Fool (476% Avg Return) Unveils 50% Promo, Oracle’s Larry Ellison Says He Has Moved to Hawaii, Fleeing California, Don’t contribute to your 2020 IRA until you read this, This elite Israeli army squad member is behind a startup going public in a $1.4 billion SPAC deal. We have been very focused on moving our customers to the Dynatrace platform because from there our customers can expand their use cases and footprint in ways that were not possible with our Classic products. Warren Buffet's aide believes that the market is on "the edge of playing with fire. So, that's been consistent for us over the last year, couple of years. Munger said that the railroad is the most old-fashioned business he can think of and that it has been successful "not by conquering change but by avoiding it. The second part of the question? Earnings Call Transcriptsâ¦ "Munger also praised venture capital firm Sequoia Capital's record in getting the tech investments correct. As a result, we have removed the impact of the spin tax from our non-GAAP net income and unlevered free cash flow calculations. It all started with a simple question: 'What would APM look like in 2020?' Market data powered by FactSet and Web Financial Group. Got it. I'm especially pleased that ARR increased by a robust 44% year on year to $471 million, with our new Dynatrace platform now making up 80% of total ARR, up from 75% a quarter ago. A quick one. Our best estimates are even at the high end, they're in the 20% to 30% range with the Dynatrace, but they all want to get to 50-plus. We don't just do observability, we actually do automation and intelligence, which drive greater business value. Thank you, operator. DEM is sort of more pervasive at the moment. And we are actively working with the remaining customers on conversion programs and timelines. "Frenzy is so great, and the systems of management, the reward systems, are so foolish," he added. And we also added support for the clustering of clusters, including cross-cluster distributed tracing or scalability without limits. But I guess on the new customer front, can you talk about what percentage of those are greenfield wins versus competitive displacements? This survey says stocks could be headed for a breather soon. Live webinar: No metric left alone - Feeding all your observability data into Dynatrace AIOps Thursday, November 19, 4:00 pm CET / 10:00 am ET Get insights to the new metrics ingest interface and show you how to report custom metrics from various different data sources. Curious as to how that has been trending. And we continue to raise the bar for software intelligence at scale. We use that to expand. So, it's pretty obvious that they're going to focus there first. MDB. Thank you, everyone. This is Caroline on for Heather. It is worth pointing out that we expect the combination of subscription and services to grow over 30% in the third quarter. The company rapidly transitioned from third-party-developed applications run in a traditional data center to in-house-developed applications run in a new enterprise cloud. As of September 30, we had cash and cash equivalents of $211.7 million, and our long-term debt was $569.8 million. Customers are excited about it because it gives them a direct connection between some of this sort of metrics and problem determination, items under the hood directly with business outcome metrics. Costco is known for selling jumbo packs of toilet paper, rotisserie chicken and even 7-pound tubs of Nutella from its warehouse-style stores across the nation. We now have about 1,800 of them penetrated, so a little over 10%. And as we talked about before, we target the global 15,000 enterprises. The way we're pricing this module initially is through data ingestion. All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We're in a good competitive position. The initial land is very consistent with where it's been, in the 90,000 to 100,000 initial land. Previously, the customer had a low urgency to change as our classic offering was serving their needs well for current enterprise applications. There are no further questions at this time. Are we still in the early innings of that, and hence, your confidence about just kind of growing the customer base coming your way? And that connective tissue to be that tight is something that every customer looks for as they try to drive their digital business initiatives forward. We continue to be cash flow positive on an operating basis while investing across the board in growth. Our current Dynatrace ARR per customer is north of $200,000, and we continue to believe that there's a large opportunity for further expansion in our existing customer base. 5 Replies. Wondering if you could help sort of quantify the order of magnitude increase when you're selling Business Analytics into a customer. The Mortgage Program for Costco Members could help some members buy or refinance a home through a multilender platform operated by CrossCountry Mortgage. Before I conclude, let me say that it's more than just great product and a rapidly growing market that makes a sustainable world-class company. Now let me turn to our guidance, which has been increased due to the strength of our second-quarter results, combined with our continued positive outlook and the momentum of our business. Clearly, the analytics AI engine will sell because it has a name Davis, so we'll just leave it at that. And I'd like to start by thanking all of you for joining us today. The Food and Drug Administration authorized Pfizer's coronavirus vaccine for emergency use late Friday. I gave an example just a few minutes ago of one customer, but pretty much anyone who has some kind of an e-commerce or some kind of an important customer-facing application is a great candidate for extended DEM use from Dynatrace. Euronav N.V. (EURN) CEO Hugo De Stoop on Q3 2020 Results - Earnings Call Transcript Earning Call Audio Euronav N.V. (NYSE: EURN) Q3 2020 Earnings Conference Call November 5, 2020 8:00 AM ET Company Participants Brian Gallagher - IR Hugo De Stoop - CEO Lieve Logghe - CFO Conference Call Participants Sure, Matt. Q2 2020 Dynatrace Inc Earnings Call 10/30/2019 05:00 PM (EDT) DT. If we quickly break down these two ARR growth drivers, during the quarter, we added 250 net new Dynatrace customers, ending the quarter with 1,828 Dynatrace customers. They're still trying to bring together their observability solutions, something we've had for the last four years. A free inside look at Dynatrace salary trends based on 376 salaries wages for 195 jobs at Dynatrace. I'm focusing on product just today, as you can tell, but the new Digital Business Analytics module obviously sounds really interesting. GE’s stock jumps after two Wall Street analysts raise their targets by more than 40%, Berkshire's Charlie Munger Warns Against Market Frenzy, Expects Lower Returns In Next Decade, Bank of America Flags Sell Signal for Stocks as Investors Rush Out of Cash, Dow Jumps 330 Points As Apple Rallies; McConnell, Pelosi To Meet On Stimulus Deal, Warren Buffett's 6 tricks to teach kids about money, IRS is ‘setting the trap’ for bitcoin and virtual currency investors on 2020 tax form. Dynatrace positioned furthest for Completeness of Vision. Listen to on-demand earnings calls of Dynatrace Inc (DT) stock Overall, we have had a very good line of sight to completion, and we are very pleased with the success of the program and the benefits that have been realized by our customers once on the new platform. Total revenue was $129.4 million, $5 million above the high end of our guidance and an increase of 27% on a year-over-year basis. The automatic continuous discovery and instrumentation, the automatic self-adjusting baselines, the automatic problem determination prioritized by business impact all contribute to rapid rollout and high value for low-effort economics our customers enjoy. NEW YORK, NY / ACCESSWIRE / October 28, 2020/ Dynatrace Inc (NYSE: DT) will be discussing their earnings results in their 2021 Second Quarter Earnings call to be held on October 28, 2020 at 8:00 AM Eastern Time. "Munger added that a loose monetary policy would have inflationary effects. The reason people come to us for the infrastructure-only host extension is because once they get the hang of the value of our integrated AI engine, Davis, they realize that to see that live topology all at once and have it all sort of monitor 24x7 by an intelligent assistant, it makes their life so much easier across a much wider landscape. Salaries posted anonymously by Dynatrace employees. Let's conquer your financial goals together...faster. 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