5 High Growth Software Stocks that are Profitable

In this article, we will take a look at the 5 high growth software stocks that are profitable. To see more such companies, go directly to 12 High Growth Software Stocks that are Profitable.

5. Dynatrace, Inc. (NYSE:DT)

Number of Hedge Fund Holders: 35

Software intelligence platform company Dynatrace, Inc. (NYSE:DT) ranks 5th in our list of the 12 high growth software stocks that are profitable. Dynatrace, Inc. (NYSE:DT) recently posted its fiscal third quarter results. Dynatrace, Inc. (NYSE:DT) said adjusted EPS in the quarter came in at $0.25, beating estimates by $0.04. Revenue in the quarter increased by 23.6% on a YoY basis to come in at $297.46 million, beating estimates by $12.71 million. Dynatrace, Inc. (NYSE:DT)’s subscription revenue in the period increased by 29% in the period on a constant currency basis. Operating income in the period was $34 million.

For the fiscal fourth quarter, Dynatrace, Inc. (NYSE:DT) expects revenue in between $304 million to $307 million, versus the consensus estimate of $291.90 million. Adjusted EPS in the period is expected to come in between $0.22 and $0.23, better than the consensus of $0.21

35 hedge funds reported having stakes in Dynatrace, Inc. (NYSE:DT) at the end of the third quarter of 2022, according to Insider Monkey’s proprietary database.

Polen Capital made the following comment about Dynatrace, Inc. (NYSE:DT) in its Q3 2022 investor letter:

“The most significant absolute detractors from the Portfolio’s performance over the quarter included Yeti, Goosehead Insurance, and Dynatrace, Inc. (NYSE:DT).

Finally, Dynatrace, a software provider of intelligence platform solutions that allow customers to modernize and automate IT operations, traded down in the quarter as the company provided cautious guidance given the uncertainty around the macro picture. We think this is reasonable considering the wider range of outcomes in this market environment, and the underlying results spoke to a company that continues to execute at a high level.”