Filing Flows › Dynatrace (DT) › Q2 FY27 › vs Q1 FY27
Dynatrace (DT) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Dynatrace's revenue rose $25.4M (+5%) from $555M in Q1 FY27 to $580M in Q2 FY27. The biggest changes: Subscription +$22.9M (+4%); Service +$2.5M (+10%). Gross margin 80.6% against 81.3% (-0.8 pts).
Dynatrace, Q2 FY27: revenue $580M (+17% year over year), operating margin 16.5%, net earnings $67.8M, operating cash flow $41.1M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 80.6% | 81.3% | -0.8 pts |
| Operating margin | 16.5% | 12.9% | +3.6 pts |
| Net margin | 11.7% | 6.6% | +5.1 pts |
| Free cash flow margin | 6.2% | 54.7% | -48.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription | $553M | $530M | $22.9M | +4% |
| Service | $26.8M | $24.3M | $2.5M | +10% |
| Revenue | $580M | $555M | $25.4M | +5% |
| Gross profit | $467M | $451M | $16.1M | +4% |
| Cost of revenue | $113M | $103M | $9.3M | +9% |
| Other income, net | $11.3M | $9.3M | $2.0M | +22% |
| Operating profit | $95.6M | $71.5M | $24.2M | +34% |
| Operating expenses | $372M | $380M | −$8.1M | -2% |
| Pre-tax earnings | $107M | $80.8M | $26.2M | +32% |
| Research & development | $132M | $136M | −$3.8M | -3% |
| Sales & marketing | $180M | $182M | −$1.4M | -0.7% |
| General & admin | $58.7M | $61.7M | −$3.0M | -5% |
| Net earnings | $67.8M | $36.7M | $31.1M | +85% |
| Income tax | $39.2M | $44.1M | −$4.9M | -11% |
| Operating cash sources | $154M | $118M | $36.0M | +31% |
| Depreciation & amortization | $7.9M | $7.6M | $264K | +3% |
| Share-based compensation | $78.2M | $73.6M | $4.6M | +6% |
| Working capital & other | $113M | −$188M | $301M | — |
| Operating cash flow | $41.1M | $306M | −$265M | -87% |
| Free cash flow (OCF − capex) | $36.0M | $303M | −$267M | -88% |
| Capital expenditures | $5.1M | $3.2M | $1.9M | +61% |
Questions
How much did Dynatrace's revenue grow quarter over quarter in Q2 FY27?
Dynatrace's revenue rose $25.4M (+5%) from $555M in Q1 FY27 to $580M in Q2 FY27.
What drove Dynatrace's revenue change in Q2 FY27?
Subscription +$22.9M (+4%); Service +$2.5M (+10%).