Filing Flows › Dynatrace (DT) › Q1 FY27 › vs Q4 FY26
Dynatrace (DT) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Dynatrace's revenue rose $22.8M (+4%) from $532M in Q4 FY26 to $555M in Q1 FY27. The biggest changes: Subscription +$24.5M (+5%); Service −$1.7M (-6%). Gross margin 81.3% against 80.9% (+0.4 pts).
Dynatrace, Q1 FY27: revenue $555M (+16% year over year), operating margin 12.9%, net earnings $36.7M, operating cash flow $306M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 81.3% | 80.9% | +0.4 pts |
| Operating margin | 12.9% | 7.0% | +5.9 pts |
| Net margin | 6.6% | 3.3% | +3.3 pts |
| Free cash flow margin | 54.7% | 39.9% | +14.7 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $530M | $506M | $24.5M | +5% |
| Service | $24.3M | $26.0M | −$1.7M | -6% |
| Revenue | $555M | $532M | $22.8M | +4% |
| Gross profit | $451M | $430M | $20.8M | +5% |
| Cost of revenue | $103M | $101M | $2.1M | +2% |
| Other income, net | $9.3M | $9.5M | −$148K | -2% |
| Operating profit | $71.5M | $37.3M | $34.1M | +91% |
| Operating expenses | $380M | $393M | −$13.4M | -3% |
| Pre-tax earnings | $80.8M | $46.8M | $34.0M | +73% |
| Research & development | $136M | $131M | $5.4M | +4% |
| Sales & marketing | $182M | $183M | −$1.8M | -1% |
| General & admin | $61.7M | $60.4M | $1.3M | +2% |
| Net earnings | $36.7M | $17.4M | $19.2M | +110% |
| Income tax | $44.1M | $29.4M | $14.8M | +50% |
| Depreciation & amortization | $7.6M | $6.2M | $1.4M | +23% |
| Share-based compensation | $73.6M | $73.0M | $577K | +0.8% |
| Working capital & other | $188M | $130M | $58.6M | +45% |
| Operating cash flow | $306M | $226M | $79.9M | +35% |
| Free cash flow (OCF − capex) | $303M | $212M | $90.7M | +43% |
| Capital expenditures | $3.2M | $14.0M | −$10.8M | -77% |
Questions
How much did Dynatrace's revenue grow quarter over quarter in Q1 FY27?
Dynatrace's revenue rose $22.8M (+4%) from $532M in Q4 FY26 to $555M in Q1 FY27.
What drove Dynatrace's revenue change in Q1 FY27?
Subscription +$24.5M (+5%); Service −$1.7M (-6%).