Dynatrace (DT) Q1 FY2025 earnings: revenue $399 million, up 19.9% on the year

Dynatrace, Inc. (DT) reported revenue of $399 million for Q1 FY2025, the quarter ended 30 June 2024, up 19.9% on the same quarter a year earlier. Net income was $39 million, up 1.1% on the year, and diluted earnings per share $0.13. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2024.

Revenue$399 millionup 19.9%

Net income$39 millionup 1.1%

Diluted EPS$0.13

QuarterQ1 FY2025ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2025	Q4 FY2024	A year earlier	Change on the year
Revenue	399	381	n/a	n/a
Cost of revenue	74.8	71.9	n/a	n/a
Gross profit	324	309	n/a	n/a
Gross margin	81.3%	81.1%	n/a
Research and development	87.6	84.3	n/a	n/a
Operating income	42.0	23.1	n/a	n/a
Operating margin	10.5%	6.1%	n/a
Interest expense	0.1	0.4	n/a	n/a
Pre-tax income	52.8	30.1	n/a	n/a
Income tax	14.1	-7.8	n/a	n/a
Effective tax rate	26.8%	-26.1%	n/a
Net income	38.6	37.9	n/a	n/a
Net margin	9.7%	10.0%	n/a
Diluted EPS	$0.13	$0.13	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. 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 and capital returned

Line	Q1 FY2025	Q4 FY2024	A year earlier	Change on the year
Operating cash flow	231	132	n/a	n/a
Capital expenditure	3.4	9.8	n/a	n/a
Free cash flow	227	122	n/a	n/a
Free cash flow margin	57.0%	32.0%	n/a
Cash from investing	-35.6	-139	n/a	n/a
Cash from financing	-42.8	7.0	n/a	n/a
Depreciation and amortisation	14.0	14.0	n/a	n/a
Share-based compensation	57.7	55.6	n/a	n/a
Diluted shares, weighted	301m	301m	n/a	n/a
Shares outstanding at period end	298m	297m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2025	Q4 FY2024	A year earlier	Change on the year
Shareholders' equity	2,068	2,015	n/a	n/a
Debt	n/a	0.0	n/a	n/a
Operating lease liabilities	66.1	54.0	n/a	n/a
Other liabilities	1,124	1,340	n/a	n/a
Total liabilities and equity	3,258	3,410	n/a	n/a
Fixed assets	51.2	53.3	n/a	n/a
Goodwill	1,335	1,335	n/a	n/a
Intangible assets	41.2	51.0	n/a	n/a
Investments	137	104	n/a	n/a
Cash and equivalents	930	779	n/a	n/a
Receivables	245	603	n/a	n/a
Other assets	518	484	n/a	n/a
Total assets	3,258	3,410	n/a	n/a

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	352	365	381	399	418	436	445	477	494	515	532	555
Cost of revenue	64.4	67.9	71.9	74.8	77.8	82.6	85.1	85.2	89.8	95.8	101	103
Gross profit	287	297	309	324	340	354	360	392	404	420	430	451
Gross margin	82%	81%	81%	81%	81%	81%	81%	82%	82%	81%	81%	81%
R&D	74.1	80.1	84.3	87.6	95.4	98.3	103	108	115	121	131	136
Operating income	35.3	35.7	23.1	42.0	47.0	47.5	42.9	62.3	73.0	72.7	37.3	71.5
Operating margin	10%	10%	6%	11%	11%	11%	10%	13%	15%	14%	7%	13%
Interest expense	0.4	0.2	0.4	0.1	0.4	0.3	0.2	0.2	0.2	0.2	0.2	0.2
Pre-tax income	40.7	42.4	30.1	52.8	57.8	57.1	55.7	81.4	87.1	84.5	46.8	80.8
Tax rate	12%	-1%	-26%	27%	24%	-533%	29%	41%	34%	53%	63%	55%
Net income	35.8	42.7	37.9	38.6	44.0	362	39.3	48.0	57.2	40.1	17.4	36.7
Net margin	10%	12%	10%	10%	11%	83%	9%	10%	12%	8%	3%	7%
Diluted EPS	$0.12	$0.14	$0.13	$0.13	$0.15	$1.19	$0.13	$0.16	$0.19	$0.13	$0.06	$0.12
Operating cash flow	36.9	75.7	132	231	23.6	42.2	163	270	32.0	33.8	226	306
Capital expenditure	2.8	3.6	9.8	3.4	3.5	4.7	14.6	7.5	4.2	6.5	14.0	3.2
Free cash flow	34.1	72.0	122	227	20.1	37.6	148	262	27.8	27.2	212	303
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	45.0	n/a	n/a	n/a	275
Shares outstanding	294m	296m	297m	298m	299m	299m	300m	302m	302m	300m	295m	290m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 7 August 2024, accession 0001773383-24-000157: the filing on EDGAR. All of Dynatrace, Inc.'s filings: EDGAR company page.

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