Dynatrace Celebrates Five Year IPO Anniversary
August 01 2024 - 7:00AM
Business Wire
Milestone commemorates sustained growth and
market leadership in end-to-end observability and security
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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801953873/en/
Investor Contact: Noelle Faris VP, Investor Relations
Noelle.Faris@dynatrace.com Media Relations: Dynatrace PR Team
pr-team@dynatrace.com
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