Dynatrace Celebrates Five Year IPO Anniversary
Milestone commemorates sustained growth and market leadership in end-to-end observability and security
WALTHAM, Mass.–(BUSINESS WIRE)–Dynatrace (NYSE: DT), the leader in end-to-end observability and security, proudly marks the fifth anniversary of its initial public offering on the New York Stock Exchange. Since its IPO, Dynatrace (NYSE:) has consistently demonstrated innovation and growth, solidifying its position as a pivotal force in helping the world’s largest organizations deliver flawless and secure digital interactions.
Dynatrace’s achievements over the past five years include:
- Elite Class of SaaS Companies: Became one of only 8% of public software companies in North America and Europe to exceed $1 billion in annual revenue.
- Customer Success: Empowered over 4,000 organizations with end-to-end observability capabilities.
- Durable Growth and Cash Flow Generation: Achieved a 28% compound annual revenue growth rate, with cumulative revenue of nearly $5 billion and more than $1 billion in cumulative operating cash flow over the past five fiscal years ended March 31, 2024.
- Stock Performance: Generated a return of nearly 180% since the IPO, more than 3x the average return of our 2019 IPO cohort.
We are immensely proud of our journey over the past five years, and we celebrate all customers, partners, and Dynatracers who have contributed to our success, said Rick McConnell, Dynatrace CEO. Over this period, Dynatrace has undergone a remarkable transformation, evolving from a carve-out to a leading public software company, all while remaining relentlessly focused on innovation and customer success. Now more than ever, software is expected to work perfectly, and this motivates us to continue delivering the unparalleled value to our customers that has helped us reach this milestone.
Since our IPO in 2019, we’ve transformed into an industry leader in end-to-end observability and security, driven by our dedication to helping our customers anticipate and navigate change, said Bernd Greifeneder, Dynatrace CTO and Founder. Today, our customers are confronted with new challenges, as they look to ensure flawless and secure software delivery while attempting to extract meaningful insights from unprecedented volumes of data. We are committed to delivering a platform differentiated by causal, generative, and predictive AI-powered observability, analytics, and automation to help our customers thrive in this new wave of change.
Dynatrace CEO Rick McConnell, CTO and Founder Bernd Greifeneder, and other company executives will commemorate the five-year anniversary by ringing the Closing Bell at 4:00 p.m. ET on Thursday, August 1, 2024 at the New York Stock Exchange.
About Dynatrace
Dynatrace (NYSE: DT) exists to make the world’s software work perfectly. Our end-to-end platform combines broad and deep observability and continuous runtime application security with Davis ® hypermodal AI to provide answers and intelligent automation from data at an enormous scale. This enables innovators to modernize and automate cloud operations, deliver software faster and more securely, and ensure flawless digital experiences. That’s why the world’s largest organizations trust the Dynatrace ® platform to accelerate digital transformation.
Curious to see how you can simplify your cloud and maximize the impact of your digital teams? Let us show you. Sign up for a 15-day Dynatrace trial.
To learn more about how Dynatrace can help your business, visit www.dynatrace.com, visit our blog and follow us on Twitter @dynatrace.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801953873/en/
Investor Contact:
Noelle Faris
VP, Investor Relations
[email protected]
Media Relations:
Dynatrace PR Team
[email protected]
Source: Dynatrace
