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Dynatrace (DT) FY2022 results: revenue $929 million, up 32.1% on the year

Dynatrace, Inc. (DT) reported revenue of $929 million for fiscal 2022, the year ended 31 March 2022, up 32.1% on the year before. Net income was $52 million, down 30.7%, and diluted earnings per share $0.18. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2022.

Revenue
$929 million
+32.1% on the year
FY2018FY2022
Operating margin
8.7%
13.1% a year earlier
FY2018FY2022
Net income
$52 million
-30.7% on the year
FY2018FY2022
Diluted EPS
$0.18
-30.8% on the year
FY2018FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue929704546+32.1%
Cost of revenue173128129+35.4%
Gross profit757576417+31.4%
Gross margin81.4%81.8%76.4%
Research and development156111119+40.3%
Operating income81.391.9-172-11.5%
Operating margin8.7%13.1%-31.5%
Interest expense10.4n/an/a
Pre-tax income71.777.9-219-8.0%
Income tax19.22.1195+798.0%
Effective tax rate26.8%2.7%n/a
Net income52.575.7-414-30.7%
Net margin5.6%10.8%-75.8%
Diluted EPS$0.18$0.26-$1.56-30.8%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow251220-142+13.8%
Capital expenditure17.714.119.7+25.7%
Free cash flow233206-162+13.0%
Free cash flow margin25.1%29.3%-29.7%
Cash from investing-30.9-13.9-20.6
Cash from financing-80.7-97.8329
Depreciation and amortisation10.69.07.9+17.8%
Share-based compensation99.557.8222+72.3%
Diluted shares, weighted291m287m265m+1.5%
Shares outstanding at period end286m283m281m+1.0%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity1,3041,114966+17.1%
Debt274392510-30.1%
Operating lease liabilities52.138.2n/a+36.3%
Other liabilities911713571+27.8%
Total liabilities and equity2,5412,2562,047+12.6%
Fixed assets45.336.931.5+22.6%
Goodwill1,2821,2711,271+0.8%
Intangible assets106149202-29.3%
Cash and equivalents463325213+42.5%
Receivables351242157+44.9%
Other assets295232173+27.3%
Total assets2,5412,2562,047+12.6%

10-K for the year ended 31 March 2022, filed 26 May 2022: the filing.