Going forward, the business will continue to naturally delever due to our healthy cash margins, and we expect to steadily pay down debt over time which we believe will continue to create value for our shareholders. Dynatrace not only fit the new stack requirements perfectly, it proved invaluable to the company in getting up and running quickly and successfully across a very large hybrid e-commerce cloud environment at all layers of the stack: network, infrastructure, applications and user experience. After a bad experience with their previous supplier, a gen 2 player who missed the market transition to the enterprise cloud, the company acquired its initial licenses for Dynatrace in the second quarter of this calendar year for an initial set of applications running in Azure. And we continue to increase the value of our platform, driving better business outcomes with things like user experience capabilities, and as I noted in my comments earlier, Digital Business Analytics. They're still trying to bring together their observability solutions, something we've had for the last four years. Find the latest Dynatrace, Inc. (DT) stock quote, history, news and other vital information to help you with your stock trading and investing. Worried about another recession? Read about the reinvention of Dynatrace as they explored the future of application monitoring. Finally, we recorded stock comp expense in the quarter of $155 million, of which $145 million was a onetime mark-to-market stock comp charge related to the conversion of our preexisting equity awards at IPO. You saw a nice uptick in new customers in the quarter versus last quarter and well above where you were in 4Q. Our key financial metric focused on business momentum is annual recurring revenue. Get access to the preliminary and edited earnings call transcripts of US corporate conference calls. We continue to run ahead of plan on moving Classic customers on to the Dynatrace platform. So just trying to get some of the color on what you're seeing there, too. The market needs our kind of platform for dynamic web-scale workloads. I look forward to their ongoing contributions as we drive value and success for our customers, our shareholders and our employees. Dynatrace Named One of the Top 10 Highest-Rated Cloud Companies to Work For by Battery Ventures and Glassdoor. So, we're seeing those customers, when they move off of Classic, expand on to the Dynatrace platform. What we see in our world, as you know, we land with APM sort of as a core strength, the application, user-experience segments. I'm just trying to help people understand the difference on that. I'm especially pleased that ARR increased by a robust 44% year on year to $471 million, with our new Dynatrace platform now making up 80% of total ARR, up from 75% a quarter ago. Blink Charging signed a deal expanding its charging network as an auto trade group backed a range of EV incentives. This optimism is reflected in the increased top line guidance that Kevin will detail in a few minutes. This was above our guidance of $0.04 per share. Dynatrace provides answers to the underlying issues affecting user journeys, enabling them to optimize user experience and improve conversion rates. There are no further questions at this time. September 4, 2019 5:00 P.M. Sometimes, we do come in with system integrators. Included in that math is churn -- is a little bit of churn. During this call, we'll make statements related to our business that may be considered forward-looking within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21-E of the Securities Exchange Act of 1934, as amended. Second part is just in terms of the renewal rate, and I'll take it, Caroline. Dynatrace Holdings LLC (NYSE:DT)Q2 2020 Earnings CallOct 30, 2019, 5:00 p.m. Edited earnings call transcripts of Dynatrace Inc (DT) stock Are we still in the early innings of that, and hence, your confidence about just kind of growing the customer base coming your way? They are leveraging a multi-cloud environment that includes new go-to-market customer applications. It's about assuring better business outcomes by adopting measure by user experience, conversion rates, increased revenue or enhanced brand loyalty. Munger said that the railroad is the most old-fashioned business he can think of and that it has been successful "not by conquering change but by avoiding it. Web-scale environments, which were a novelty just a couple of years ago, are becoming commonplace as enterprises shift from static on-premise data centers to dynamic multi-cloud architectures with highly distributed microservices workloads. As we've said before, we believe in running a balanced business, a unique combination of growth and profitability at scale. Fueled by continued strong growth in ARR, our subscription plus services revenue that we see as the best measure of growth on our P&L, increased by 37% year over year, up from 36% last quarter. Ellison is the main employer of Lanai’s 3,000 residents. Oracle, the world’s second-largest software maker, had called Silicon Valley home since the company’s 1977 founding.Despite Lanai being such a small island -- with only one school and no stoplights -- residents rarely see Ellison around town, though that may change now that he’s officially moved there.“Nobody knows what his schedule is,” said Alberta de Jetley, a longtime resident of the island and founder of Lanai Today, the island’s monthly newspaper, which she sold to Ellison in 2019. Customers are excited about it because it gives them a direct connection between some of this sort of metrics and problem determination, items under the hood directly with business outcome metrics. "Munger also praised venture capital firm Sequoia Capital's record in getting the tech investments correct. The value is certainly extremely high when you can bring business metrics tied with performance and user experience together in real-time for digital business owners. Dynatrace positioned furthest for Completeness of Vision. It's always been a competitive space. We continue to be cash flow positive on an operating basis while investing across the board in growth. Great customer experience (CX) sets businesses apart and promotes lifelong loyalty. I think we talked about it last quarter. US STOCKS-Nasdaq ends at record high on stimulus bets, Apple boost, GLOBAL MARKETS-Stocks up, dollar slumps as risk appetite rises, Stock market news live updates: Stocks jump as investors eye stimulus, vaccines, Tesla is a 'prime' candidate to see its stock plummet after it enters S&P 500, analyst says, Luminar stock plunges after news that Mobileye plans to make its own lidar sensors, Motley Fool (476% Avg Return) Unveils 50% Promo, Oracle’s Larry Ellison Says He Has Moved to Hawaii, Fleeing California, Don’t contribute to your 2020 IRA until you read this, This elite Israeli army squad member is behind a startup going public in a $1.4 billion SPAC deal. During the course of today's call, we'll refer to certain non-GAAP financial measures as defined by Regulation G. The GAAP financial measure most directly comparable to each non-GAAP financial measure used or discussed and a reconciliation of the differences between each non-GAAP financial measure and the comparable GAAP financial measure can be found within our second fiscal quarter 2020 earnings press release in the Investor Relations section of our website at dynatrace.com. Well, thank you very much for your time this evening. Since the end of the second quarter, we paid down $30 million of debt, and our current debt balance is $540 million. And I'd like to start by thanking all of you for joining us today. Our leverage ratio was 3.1 times. Tesla stock rose as Nio stock fell. "Munger added that a loose monetary policy would have inflationary effects. What we try to do is actually solve customer problems and help them drive better business outcomes. For more info, reach out to us at info@alphastreet.com. Full story here. So, the first question is just wanted to kind of get a sense of the traction that you're getting from customers that are buying those three main solutions of the APM infrastructure and logging. The Dow Jones Industrial Average sank after President Donald Trump issued a coronavirus stimulus demand. We see more competitive displacements, whether that's actual head-to-head sort of bake-off with someone or we're replacing sort of a combination of tools in more of a do-it-yourself kind of setup. ET. Got it. But over time, it should be equivalent to what the DEM module brings, which is -- think of it as maybe $0.50 on the dollar of host units. After looking at a number of cloud monitoring solutions, the insurer selected Dynatrace as they've determined that it was the only platform that could show them the cost of outages in the context of application performance and how degradations and performance impacted their call center operations. December 8, 2020 December 8, 2020. And we also added support for the clustering of clusters, including cross-cluster distributed tracing or scalability without limits. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. For the quarter, as expected, Classic license revenue was down to $2.7 million and represented only 2% of our quarterly revenue as we wind these products down. Our next question will come from the line of Heather Bellini of Goldman Sachs. And then seeing the net expansion north of 120% is great. Information on stock, financials, earnings, subsidiaries, investors, and executives for Dynatrace. The remaining 20% of our ARR relates to our Classic offering. Yahoo. Few Americans have heard of these 20 companies in one misunderstood sector, but this group has produced 570% gains on average over the past 6 months. In general, the greenfield is about 1/3 of what we see. Ladies and gentlemen, thank you for standing by, and welcome to the Dynatrace second-quarter 2020 earnings conference call. ET. And those at the very top end, most customers are really are in that 5%, probably on average, a growing number getting up to 10% because the expansion of our new platform is so easy. The acceleration in total revenue growth is being driven by the strong growth in subscription revenue, which was $115.8 million in the second quarter, an increase of 41% year over year. And we are actively working with the remaining customers on conversion programs and timelines. We are consistently winning new cloud business against all competitors. Based on cloud optimization savings alone, the company calculated a payback for their Dynatrace investment of less than six months. As we've discussed, we started this conversion program in earnest 6 quarters ago with approximately $200 million in ARR to convert. On the one hand, technological changes impact businesses, but on the other hand, Berkshire owns the Burlington Northern railroad. The Dynatrace platform's automatic install, self-learning baselining and in-product chat enabled the company to meet a tight time frame for implementation for its new applications and underlying enterprise cloud. And the stat that I think Kevin gave you, which is 58% over trailing 12 months, 58% of the new customers added to the Dynatrace platform, somewhere a little over 900 customers there, 58% have been new logos to the business. And except as required by law, we undertake no obligation to update or revise these forward-looking statements. "It's been the most dramatic thing that's almost ever happened in the entire world history of finance." Stay up to date with lastest Earnings Announcements for Dynatrace, Inc. from Zacks Investment Research Earnings Call Transcripts… "Frenzy is so great, and the systems of management, the reward systems, are so foolish," he added. Your next question will come from the line of Raimo Lenschow of Barclays. (Bloomberg) -- Oracle Corp. co-founder Larry Ellison said he has moved his primary residence to Hawaii, becoming the latest Silicon Valley executive to depart the state where they built their fortunes.Ellison, the world’s 11th-wealthiest person, notified his staff Monday of the move. https://www.investornetwork.com/event/presentation/68803, https://www.accesswire.com/612478/Dynatrace-Inc-to-Host-Earnings-Call. A number of our early adopter customers are using this functionality today, including fashion retailer outlets. MongoDB, Inc. (MDB) Q3 2021 Earnings Call Transcript. May 12, 2020 8:00 am ET. 04:26PM : Dynatrace Earnings Triple; Cloud Software Maker's Stock Falls. In addition to his three hotels, he also owns a significant chunk of the housing stock as well as the main grocery store and the monthly newspaper there.The Oracle chairman joins other tech leaders and ultra-wealthy in leaving California, with some pointing to the state’s high taxes. Munger called technology "a killer and an opportunity." If I could squeeze one more product one in. The other modules are what we've talked about is expand plays and the cross-selling into the infrastructure-only hosts, which we consider also part of logs going to that offering for us. Kind of I guess I'm wondering, when you look at some of your more sophisticated customers, do you have a sense for sort of what percentage of their apps are being monitored? Monitoring cloud infrastructure and applications is not simply about metrics, logs and traces. Good question. The exciting thing is that while the land is nice, it's the expansion that has accelerated for us versus our Classic product world. Well, so new customers, net new logos to the business continue to be the majority of the Dynatrace growth, quarter-over-quarter growth. Stock Advisor launched in February of 2002. I guess as you think about that, just an update on what you're seeing there as people have come back sort of out of DMPs, especially their transition to the cloud. ( 107,735 followers) Dynatrace, Inc. (NYSE: DT) Q1 2020 Earnings Conference Call. Apartment Investment and Management announces the separation of its businesses, creating two separate publicly traded companies. Are You Missing Out on the Market’s Biggest Gains? Dynatrace reinvented. A large U.S.-based consumer products company that completed a seven-figure expansion just five months after their initial land purchase of the Dynatrace platform. DT: Dynatrace, Inc. - Earnings Announcements. But it's a key part of our sales motion. Sure. Maybe the last thing I ought to say in the competitive landscape front is we really don't overlap, certainly not yet, with some of these other competitors coming out of the infrastructure space. Non-GAAP net income per share is now expected to be in the range of $0.23 to $0.24 per share, assuming approximately 275 million weighted average diluted shares for the year. All statements other than statements of historical fact are forward-looking statements, including statements regarding management's expectations of future financial and operational performance and operational expenditures; expected growth and business outlook, including our financial guidance for the third-fiscal quarter and full year 2020. Investor's Business Daily. Earlier this month, we announced an important new purpose-built module to the Dynatrace all-in-one platform, Digital Business Analytics. We now have about 1,800 of them penetrated, so a little over 10%. As an example of a converting customer, this past quarter, a Fortune 100 brick-and-mortar retailer and customer of our Classic product set signed a mid-6-figure contract to convert to the Dynatrace software intelligence platform with plenty of opportunity to grow in the multiple seven figures over time as they expand their cloud initiative. Wondering if you could help sort of quantify the order of magnitude increase when you're selling Business Analytics into a customer. Our current Dynatrace ARR per customer is north of $200,000, and we continue to believe that there's a large opportunity for further expansion in our existing customer base. This is particularly exciting for us for two reasons. For the quarter, we had 270 million diluted weighted average shares outstanding. Dynatrace is an American technology company that produces a software intelligence platform based on artificial intelligence to monitor and optimize application performance and development, IT infrastructure, and user experience for businesses and government agencies throughout the world.. But there’s a dark side to Dow 30k –and it’s going to take 99% of Americans by surprise. We are now left to 1,828 customers on the new platform, an increase of 250 from a quarter ago, and more than double from a year ago. From a leader in APM, to defining a new category—Software Intelligence. The Food and Drug Administration authorized Pfizer's coronavirus vaccine for emergency use late Friday. The way we're pricing this module initially is through data ingestion. Just to follow-up on to Walter's question, the new platform customer uptake for the quarter, is that maybe a new marketing motion or some sort of new initiative that maybe is yielding early results? Financially fragile Americans during COVID-19 have difficulty answering these 15 money questions — can you? Over the last 12 months, 58% of our Dynatrace customer growth has been the result of new logos to the company. 23 hours ago Dynatrace Open Q&A. The other thing I just wanted to sort of point out here before the call is over is I know there's this talk about how suddenly competitive this space seems to be. Open a support ticket or view your previous tickets for help with Dynatrace, NAM, AppMon, or Synthetic Classic. The IRS lets each of us save up to $6,000 a year in a tax-sheltered individual retirement account (there are, as always with the IRS, some mind-numbing little complications and caveats). Maybe touching on one other product, the DEM, obviously. OK. And then let me just touch more kind of a question. With that, I'd like to turn the call over to our chief executive officer, John Van Siclen. That's great. 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