On the conversion front, the movement of our Classic APM customer base to the broader Dynatrace software intelligence platform, conversions continued to accelerate. And nobody does that. Learn more. There are two ARR growth drivers in our business. Fueled by continued strong growth in ARR, our subscription plus services revenue that we see as the best measure of growth on our P&L, increased by 37% year over year, up from 36% last quarter. We continue to be cash flow positive on an operating basis while investing across the board in growth. And then I guess, in cases where you sold it, how successful have you been in migrating those guys up to the full platform? For the quarter, we had 270 million diluted weighted average shares outstanding. We have been very focused on moving our customers to the Dynatrace platform because from there our customers can expand their use cases and footprint in ways that were not possible with our Classic products. As we just said -- let me just add real quick that this is a product extensionary that we've been eyeing for a while. Finally, unlevered free cash flow for Q2 was $27.2 million, and it was $174.7 million on a trailing 12-month basis. What I was alluding to as far as integrations with some of these other solutions that the business side of the house utilize day to day, I'm alluding to the sort of tighter integration with some of these other tools like a Google, where they're complementary with each other and brought together and connected, they can be a lot more powerful than each one sort of separate on their own. The other modules are what we've talked about is expand plays and the cross-selling into the infrastructure-only hosts, which we consider also part of logs going to that offering for us. Live webinar: No metric left alone - Feeding all your observability data into Dynatrace AIOps Thursday, November 19, 4:00 pm CET / 10:00 am ET Get insights to the new metrics ingest interface and show you how to report custom metrics from various different data sources. We are very pleased with the company's performance in the second quarter, which resulted in financial results and were better than our topline and bottomline guidance. With a large TAM in front of us and a market-leading position, we believe the company continues to be very well positioned. In addition to adding new modules to the Dynatrace platform, we continue to extend existing platform capabilities as well. We run a very efficient business with gross margin at 83% and EBITDA at 25%. But as you pointed out, we see them extremely complementary. Dynatrace blog. While it takes more time to find new stack buyers and transition licensing models, it yields a much more valuable customer in the strategic go-forward-growth segment of their business, their enterprise cloud. Gilead abandons filgotinib for rheumatoid arthritis in U.S. This is something that we expect to continue benefiting from in the foreseeable future as we've barely scratched the surface of cloud application expansion. Many of our plans provide three primary care visits in Virginia at no additional cost to you. We continue to track very well here and expect to be substantially complete with moving our customers to our new platform in the next four quarters. Good afternoon and thank you for joining us today to review Dynatrace's second-quarter fiscal 2020 financial results. We are in the early innings. We see more competitive displacements, whether that's actual head-to-head sort of bake-off with someone or we're replacing sort of a combination of tools in more of a do-it-yourself kind of setup. It all started with a simple question: 'What would APM look like in 2020?' Our current Dynatrace ARR per customer is north of $200,000, and we continue to believe that there's a large opportunity for further expansion in our existing customer base. He said that Sequoia had made more money than anybody.See more from Benzinga * Click here for options trades from Benzinga * Asia Slips, Europe Mixed On Tighter Curbs, Looming Lockdown Fears * Google Kills Its Google Home Max Smart Speaker Line(C) 2020 Benzinga.com. (Bloomberg) -- Oracle Corp. co-founder Larry Ellison said he has moved his primary residence to Hawaii, becoming the latest Silicon Valley executive to depart the state where they built their fortunes.Ellison, the world’s 11th-wealthiest person, notified his staff Monday of the move. The Dow Jones Industrial Average sank after President Donald Trump issued a coronavirus stimulus demand. Sure, Matt. So, if you look at where we've been, we've moved about $100 million off of the Classic stack over last six quarters of the member sales organization. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. And we continue to increase the value of our platform, driving better business outcomes with things like user experience capabilities, and as I noted in my comments earlier, Digital Business Analytics. Ladies and gentlemen, thank you for standing by, and welcome to the Dynatrace second-quarter 2020 earnings conference call. Is the stock a buy now? Gartnerâs 2020 Magic Quadrant for Application Performance Monitoring. 2 Likes. [Operator instructions] Please be advised that today's conference is being recorded. This is Matt on for Sterling. Over the last 12 months, 58% of our Dynatrace customer growth has been the result of new logos to the company. And I'm really excited about where we are in a competitive position at the right time in the market as this transition to enterprise cloud and the dynamism of these orchestrated workloads -- microservices workloads really hit production at a high level. We don't just do observability, we actually do automation and intelligence, which drive greater business value. More and more running the business applications are being deployed into the enterprise cloud while visibility and situational awareness are declining. The Dynatrace platform continues to increase as a percent of total ARR and was $376.8 million at the end of September, which was 80% of our total ARR. For the quarter, as expected, Classic license revenue was down to $2.7 million and represented only 2% of our quarterly revenue as we wind these products down. Nobody has gotten by with the kind of money printing now for a very extended period without some kind of trouble," he said. Read about the reinvention of Dynatrace as they explored the future of application monitoring. Thank you, John, and good afternoon, everyone. The first is new logo customers, and the second is our Dynatrace net expansion rate. 5 Replies. A free inside look at Dynatrace salary trends based on 376 salaries wages for 195 jobs at Dynatrace. So, there's plenty of headroom. Turning to revenue. Total revenue was $129.4 million, $5 million above the high end of our guidance and an increase of 27% on a year-over-year basis. She serves on the board of HubSpot and served as a Director of Carbon Black and Adaptive Insights, among others. Following my remarks, we will open the call for questions. For more info, reach out to us at firstname.lastname@example.org. Before I conclude, let me say that it's more than just great product and a rapidly growing market that makes a sustainable world-class company. There are no further questions at this time. 173 Views. Monitoring cloud infrastructure and applications is not simply about metrics, logs and traces. And I'd say, we're in line with sort of industry-standard churn rates. As you may recall, we started the conversion program with our sales organization six quarters ago, and to date, we have converted more than 50% of the Classic base. I'm especially pleased that ARR increased by a robust 44% year on year to $471 million, with our new Dynatrace platform now making up 80% of total ARR, up from 75% a quarter ago. For the third quarter, we expect total revenue to be in the range of $137 million to $138 million, representing year-over-year growth of 19% to 20%. We are not simply upgrading from one product set to a new version. 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