Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>According to Dynatrace's fiscal third quarter 2024 earnings, the company delivered solid results driven by its ability to successfully navigate a continually changing market.</li><li>Annual recurring revenue (ARR) grew by 21% year over year, while subscription revenue increased by 23% over the same period.</li><li>Non-GAAP operating income steadily increased to $105 million representing 29% of revenue and robust free cash flow margin was delivered at 25% on a trailing 12-month basis.</li></ul>

According to Dynatrace's fiscal third quarter 2024 earnings, the company delivered solid results driven by its ability to successfully navigate a continually changing market.Annual recurring revenue (ARR) grew by 21% year over year, while subscription revenue increased by 23% over the same period.Non-GAAP operating income steadily increased to $105 million representing 29% of revenue and robust free cash flow margin was delivered at 25% on a trailing 12-month basis.

Dynatrace Inc: Demand For Observability & Application Security Can Push Their Revenues In 2024? - Major Drivers

<ul><li>Dynatrace surpassed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>With a remarkable 24% year-over-year growth in ARR and a 26% increase in subscription revenue, the company achieved a 30% non-GAAP operating income.</li><li>The results underscore the rising importance of observability and application security, emphasizing the value Dynatrace provides its customers.</li></ul>

Dynatrace surpassed the revenue expectations as well as the earnings expectations of Wall Street.With a remarkable 24% year-over-year growth in ARR and a 26% increase in subscription revenue, the company achieved a 30% non-GAAP operating income.The results underscore the rising importance of observability and application security, emphasizing the value Dynatrace provides its customers.

Dynatrace Inc.: Leading the AI Revolution in Observability and Security! - Major Drivers

<ul><li>Dynatrace Inc. delivered a strong result and managed an all-around beat in the quarter.</li><li>With a new CRO and a strong vision for the future, Dynatrace is in a good position in the cloud-based software landscape.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Dynatrace Inc. delivered a strong result and managed an all-around beat in the quarter.With a new CRO and a strong vision for the future, Dynatrace is in a good position in the cloud-based software landscape.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Dynatrace Inc.: Will The Rookout Acquisition Become A Major Growth Catalyst? - Key Drivers

<ul><li>Dynatrace managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>Despite a dynamic macroeconomic environment, the company exceeded expectations, delivering impressive results across key operating metrics such as ARR, total revenue, subscription revenue, operating margin, free cash flow, and EPS.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Dynatrace managed to exceed analyst expectations in terms of revenue as well as earnings.Despite a dynamic macroeconomic environment, the company exceeded expectations, delivering impressive results across key operating metrics such as ARR, total revenue, subscription revenue, operating margin, free cash flow, and EPS.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Dynatrace Inc.: These Are The 4 Major Catalysts Driving Its Growth! – Financial Forecasts

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

<ul>
<li>
<a href="https://www.smartkarma.com/entities/elastic-nv" target="_blank" data-smartkarma-citation="entities:27526:1" rel="noopener">Elastic NV (ESTC US)</a> reported a solid 4QFY23, reflecting a stronger-than-expected non-GAAP operating margin of ~9% and GAAP subscription gross margin of ~79%. </li>
<li>Elastic cloud revenue grew 28% y/y, representing 40% of total revenue. Elastic cloud is scaling well, and margins improved faster-than-anticipated. </li>
<li>We are concerned about slowing H1 FY24 y/y growth in total revenue and failure to achieve the $2B revenue mark in FY25. Price target to $112.</li>
</ul>



Elastic NV (ESTC US) reported a solid 4QFY23, reflecting a stronger-than-expected non-GAAP operating margin of ~9% and GAAP subscription gross margin of ~79%. 
Elastic cloud revenue grew 28% y/y, representing 40% of total revenue. Elastic cloud is scaling well, and margins improved faster-than-anticipated. 
We are concerned about slowing H1 FY24 y/y growth in total revenue and failure to achieve the $2B revenue mark in FY25. Price target to $112.


Focus On Profitability Expansion And Durable Growth: PT Reduced To $112 From $133

United States

Dynatrace, Inc. operates as a holding company. The Company, through its subsidiaries, develops software intelligence platform for the enterprise cloud. Dynatrace offers software intelligence platform to allow customers to modernize and automate IT operations, develop and release high quality software faster, and improve user experiences for better business outcomes.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Dynatrace (DT US)

Dynatrace Inc: Demand For Observability & Application Security Can Push Their Revenues In 2024? - Major Drivers

According to Dynatrace's fiscal third quarter 2024 earnings, the company delivered solid results driven by its ability to successfully navigate a...

Baptista Research

Dynatrace Inc.: Leading the AI Revolution in Observability and Security! - Major Drivers

Dynatrace surpassed the revenue expectations as well as the earnings expectations of Wall Street. With a remarkable 24% year-over-year growth in...

Baptista Research

Dynatrace Inc.: Will The Rookout Acquisition Become A Major Growth Catalyst? - Key Drivers

Dynatrace Inc. delivered a strong result and managed an all-around beat in the quarter. With a new CRO and a strong vision for the future,...

Baptista Research

Dynatrace Inc.: These Are The 4 Major Catalysts Driving Its Growth! – Financial Forecasts

Dynatrace managed to exceed analyst expectations in terms of revenue as well as earnings. Despite a dynamic macroeconomic environment, the company...

Baptista Research

Focus On Profitability Expansion And Durable Growth: PT Reduced To $112 From $133

Elastic remains my top pick in the observability and search space, and I see the potential for revenue growth re-acceleration in 2024.

Andrei Zakharov

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)