Dynatrace Inc. (DT)
NYSE · Technology · analysed November 9, 2026
Founded in 2005, Dynatrace Inc. is an enterprise software company that provides a unified, AI-powered observability and application performance monitoring platform designed to help organizations manage complex cloud and hybrid IT environments. Its subscription-based platform integrates infrastructure monitoring, application performance, log management, and runtime application security into a centralized software-as-a-service offering. The company is currently focused on advancing enterprise automation and observability by scaling its Grail data lakehouse technology and incorporating predictive, generative, and agentic artificial intelligence into its proprietary Davis AI engine to deliver automated, closed-loop remediation.
Executive summary
Dynatrace is navigating a post-earnings valuation reset after lowering full-year fiscal 2027 non-GAAP earnings guidance to integrate its $915 million acquisition of Arize. While quarterly revenue expanded 17% year over year and gross retention remained solid in the mid-90% range, net new annual recurring revenue stalled at $70 million due to delayed enterprise deal closures. The company possesses robust free cash flow, an activist-endorsed $1.0 billion share repurchase plan, and enterprise switching costs, yet heavy renewal concentration in the second half of fiscal 2027 leaves near-term performance closely tethered to enterprise sales execution.
Key figures
- Market cap
- $15.8B
- P/E, trailing
- 102.1
- Revenue growth, fiscal year to Mar 2026
- 18.8%
- Net margin, fiscal year to Mar 2026
- 8.1%
Market cap and P/E as found on November 9, 2026.