Dynatrace gains after raising FY outlook

Dynatrace,

02/11/2023 15:09

** Shares of software intelligence company Dynatrace  DT.N 
gain 5.8% to $46.99 after co lifts FY outlook
    ** Stock on track for best one-day percentage gain since
February, if gains hold
    ** Co raises FY revenue outlook to $1.41 bln-$1.42 bln from
previously issued $1.40 bln-$1.42 bln
    ** Sees adj. earnings in the range of $1.09 to $1.12 per
share from $1.03 to $1.06 per share earlier 
    ** Co beats Q2 estimates, citing ongoing demand for
observation and application security products 
    ** Stock up 22.8% YTD, including session gains
    

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))