Dynatrace sees 21% revenue growth in Q4, strengthening position in observability and security.

by MarketNewsData

From “NASDAQ”: 2024-06-17 12:03:00

Dynatrace (DT) sees a 21% year-over-year revenue growth in the fourth quarter of fiscal 2024, reaching $1.5 billion in total annual recurring revenues (ARR). The company strengthens its position in observability and security with partnerships like Gigamon and Trace3 under the Power of 3 Cloud Integration Initiative, enhancing hybrid cloud security and observability.

The collaboration between Dynatrace, Gigamon, and Trace3 aims to improve hybrid cloud visibility and security for organizations. With partners like Google Cloud, Amazon Web Services, and Llyods Banking Group, Dynatrace continues to drive growth. Recently, Dynatrace integrated Kubernetes Security Posture Management capabilities into its platform to enhance observability-driven security.

While Dynatrace has declined 16.1% year to date, the company’s expanding partner base and strong portfolio are expected to fuel top-line growth. Revenues for the first quarter of fiscal 2025 are projected to be between $391 million and $393 million, with a 17-18% increase year over year. The company remains a Zacks Rank #3 (Hold) with prospects for future growth.

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Read more at “NASDAQ”: Dynatrace (DT) Aids Security Solutions With Growing Clientele

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