Dynatrace (DT) FY2024 results: revenue $1.4 billion, up 23.5% on the year

Dynatrace, Inc. (DT) reported revenue of $1.4 billion for fiscal 2024, the year ended 31 March 2024, up 23.5% on the year before. Net income was $155 million, up 43.2%, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2024.

Revenue

$1.4 billion

+23.5% on the year

FY2018FY2024

Operating margin

9.0%

8.0% a year earlier

FY2018FY2024

Net income

$155 million

+43.2% on the year

FY2018FY2024

Diluted EPS

$0.52

+40.5% on the year

FY2018FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	1,431	1,159	929	+23.5%
Cost of revenue	266	223	173	+19.5%
Gross profit	1,164	936	757	+24.4%
Gross margin	81.4%	80.8%	81.4%
Research and development	305	218	156	+39.6%
Operating income	128	92.8	81.3	+38.3%
Operating margin	9.0%	8.0%	8.7%
Interest expense	1.4	8.6	10.4	-83.7%
Pre-tax income	155	90.0	71.7	+72.2%
Income tax	0.3	-18.0	19.2
Effective tax rate	0.2%	-20.0%	26.8%
Net income	155	108	52.5	+43.2%
Net margin	10.8%	9.3%	5.6%
Diluted EPS	$0.52	$0.37	$0.18	+40.5%

$ million except per share.

Free 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

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	378	355	251	+6.5%
Capital expenditure	26.5	21.5	17.7	+22.8%
Free cash flow	352	333	233	+5.5%
Free cash flow margin	24.6%	28.8%	25.1%
Cash from investing	-193	-21.5	-30.9
Cash from financing	50.7	-232	-80.7
Depreciation and amortisation	54.9	12.5	10.6	+339.2%
Share-based compensation	209	147	99.5	+42.2%
Buybacks	0.0	0.0	n/a
Diluted shares, weighted	299m	292m	291m	+2.6%
Shares outstanding at period end	297m	290m	286m	+2.3%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	2,015	1,605	1,304	+25.6%
Debt	0.0	0.0	274
Operating lease liabilities	54.0	59.5	52.1	-9.3%
Other liabilities	1,340	1,101	911	+21.7%
Total liabilities and equity	3,410	2,765	2,541	+23.3%
Fixed assets	53.3	53.6	45.3	-0.5%
Goodwill	1,335	1,282	1,282	+4.2%
Intangible assets	51.0	63.6	106	-19.8%
Investments	104	0.0	n/a
Cash and equivalents	779	555	463	+40.3%
Receivables	603	443	351	+36.2%
Other assets	484	368	295	+31.3%
Total assets	3,410	2,765	2,541	+23.3%

10-K for the year ended 31 March 2024, filed 23 May 2024: the filing.