5 Tech Stocks Gaining Value After Earnings

4. Dynatrace, Inc. (NYSE:DT)

Number of Hedge Fund Holders: 43

Dynatrace, Inc. (NYSE:DT) announced better-than-expected financial results for its fiscal first quarter, sending its shares up more than five percent on Wednesday, August 3, 2022. The provider of the software intelligence platform earned 18 cents per share on an adjusted basis, compared to 16 cents per share in the same period of 2021.

Revenue came in at $267 million, representing a year-over-year gain of 32 percent. Analysts expected Dynatrace, Inc. (NYSE:DT) to post earnings of 17 cents per share on revenue of $262.43 million.

For the current quarter, Dynatrace, Inc. (NYSE:DT) expects adjusted earnings in the range of 18 – 19 cents per share and revenue between $272 – $275 million.

Praising the results, CEO Rick McConnell said:

“Q1 was yet another quarter of solid execution with balanced growth and profitability highlighting the durability of our business in the current environment. We continue to see digital transformation initiatives with clear and measurable ROI as a top priority for the global 15,000 organizations that we target. Automation and AIOps are requirements for companies looking to do more with less time, resource, and cost. Our platform is rooted in these capabilities, which differentiate us from our competitors and position us well for continued growth and success in the future.”