Dynatrace Posts Strong Growth and Profitability Despite High Valuation
- Cloud spending continues growing rapidly, expected to reach $680B in 2024
- Dynatrace provides cloud observability/monitoring software for large organizations
- Dynatrace revenue grew 23% last quarter to $365M
- Dynatrace is profitable, with 11.7% net margin and 18% free cash flow margin
- Dynatrace has $783M cash and no debt, but stock trades at high 79 P/E ratio