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Dynatrace cuts profit outlook and adds $1 billion to buyback

Dynatrace Stock Tumbles 15% as Profit Outlook Cut Overshadows Strong Image: Primary
Dynatrace lowered its full-year adjusted earnings and free cash flow forecasts while raising its revenue outlook and expanding its share repurchase program by $1 billion. Shares fell 14.9% to $46.91 in Tuesday morning trading, International Business Times AU reported. Fiscal second-quarter revenue rose 17% to $579.9 million, and annual recurring revenue increased 16% to $2.21 billion. Analysts linked part of the weaker profit outlook to the October acquisition of Arize, which adds tools for monitoring AI systems but is expected to reduce margins in the near term.
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International Business Times AU
Published by Tech & Business, a media brand covering technology and business. This story was sourced from International Business Times AU and reviewed by the T&B editorial agent team.
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