AP NEWS

Dynatrace: Fiscal 4Q Earnings Snapshot

May 12, 2020 GMT

WALTHAM, Mass. (AP) _ Dynatrace Inc. (DT) on Tuesday reported fiscal fourth-quarter net income of $46.7 million.

The Waltham, Massachusetts-based company said it had net income of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The software intellegence company posted revenue of $150.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $146.1 million.

For the year, the company reported a loss of $418 million, or $1.58 per share. Revenue was reported as $545.8 million.

For the current quarter ending in July, Dynatrace expects its per-share earnings to range from 9 cents to 10 cents.

The company said it expects revenue in the range of $148 million to $150 million for the fiscal first quarter.

Dynatrace expects full-year earnings in the range of 39 cents to 42 cents per share, with revenue ranging from $630 million to $643 million.

Dynatrace shares have risen 33% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DT at https://www.zacks.com/ap/DT