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StockNews.com
Business
Aditi Ganguly

FOUND: Should you buy the dip in dynatrace - You Need To See This

Dynatrace, Inc. (DT) in Waltham, Mass., is a software intelligence platform that is designed to support dynamic multi-cloud environments. DT aims to simplify cloud complexity and accelerate digital transformation through its automatic and intelligent observability at-scale all-in-one platform. However, the company has an ISS Governance QualityScore of 7, indicating relatively high governance risk.

For its fiscal year 2022 third quarter, ended Dec. 31, 2021, DT’s total revenues increased 32% year-over-year to $241 million. DT surpassed the $234.50 million consensus revenue estimate by 2.7%. This can be attributed to a 33% rise in subscription revenues. However, the company’s net income declined 26.2% from the same period last year to $14.59 million. And its EPS fell 16.7% versus the prior-year quarter to $0.05.

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