BUZZ-Dynatrace climbs after beat-and-raise quarter, $1 billion stock buyback
Reuters
Feb 09
BUZZ-Dynatrace climbs after beat-and-raise quarter, $1 billion stock buyback
** Shares of software firm Dynatrace DT.N up 5.8% at $35.67 after Q3 results beat estimates
** Co raises FY26 revenue forecast; now estimates it between $2.005 billion and $2.010 billion, from $1.985 billion to $1.995 billion earlier
** Announces new $1 billion share repurchase plan
** Reports a 16% rise in annual recurring revenue $(ARR)$ to $1.97 billion in Q3
** Brokerage BTIG notes the co has had three consecutive quarters of more than 10% net new ARR growth, expects a fourth
** Stock fell nearly 44% in the past year
(Reporting by Medha Singh)
((Medha.Singh@thomsonreuters.com))
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