Filing Flows › Dynatrace (DT) › Q2 FY27 › vs Q2 FY26
Dynatrace (DT) Q2 FY27 vs Q2 FY26 (year over year)
Dynatrace's revenue rose $86.1M (+17%) from $494M in Q2 FY26 to $580M in Q2 FY27. The biggest changes: Subscription +$80.0M (+17%); Service +$6.0M (+29%). Gross margin 80.6% against 81.8% (-1.3 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 80.6% | 81.8% | -1.3 pts |
| Operating margin | 16.5% | 14.8% | +1.7 pts |
| Net margin | 11.7% | 11.6% | +0.1 pts |
| Free cash flow margin | 6.2% | 5.6% | +0.6 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $553M | $473M | $80.0M | +17% |
| Service | $26.8M | $20.8M | $6.0M | +29% |
| Revenue | $580M | $494M | $86.1M | +17% |
| Gross profit | $467M | $404M | $63.1M | +16% |
| Cost of revenue | $113M | $89.8M | $23.0M | +26% |
| Other income, net | $11.3M | $14.1M | −$2.8M | -20% |
| Operating profit | $95.6M | $73.0M | $22.7M | +31% |
| Operating expenses | $372M | $331M | $40.4M | +12% |
| Pre-tax earnings | $107M | $87.1M | $19.9M | +23% |
| Research & development | $132M | $115M | $17.2M | +15% |
| Sales & marketing | $180M | $168M | $12.6M | +8% |
| General & admin | $58.7M | $48.4M | $10.3M | +21% |
| Net earnings | $67.8M | $57.2M | $10.5M | +18% |
| Income tax | $39.2M | $29.9M | $9.3M | +31% |
| Operating cash sources | $154M | $140M | $14.1M | +10% |
| Depreciation & amortization | $7.9M | $5.7M | $2.2M | +38% |
| Share-based compensation | $78.2M | $76.8M | $1.3M | +2% |
| Working capital & other | $113M | $108M | $5.0M | +5% |
| Operating cash flow | $41.1M | $32.0M | $9.1M | +28% |
| Free cash flow (OCF − capex) | $36.0M | $27.8M | $8.2M | +29% |
| Capital expenditures | $5.1M | $4.2M | $892K | +21% |
Questions
How much did Dynatrace's revenue grow year over year in Q2 FY27?
Dynatrace's revenue rose $86.1M (+17%) from $494M in Q2 FY26 to $580M in Q2 FY27.
What drove Dynatrace's revenue change in Q2 FY27?
Subscription +$80.0M (+17%); Service +$6.0M (+29%).