Dynatrace (DT) 10-Q28 Oct 202021 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Sep. 30, 2020	Oct. 26, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-39010
Entity Registrant Name	Dynatrace, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2386428
Entity Address, Address Line One	1601 Trapelo Road, Suite 116
Entity Address, Postal Zip Code	02451
Entity Address, City or Town	Waltham
Entity Address, State or Province	MA
City Area Code	617
Local Phone Number	530-1000
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	DT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		282,096,515
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001773383
Current Fiscal Year End Date	--03-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Current assets:
Cash and cash equivalents	$ 248,437	$ 213,170
Accounts receivable, net	110,251	157,058
Deferred commissions, current	41,190	38,509
Prepaid expenses and other current assets	61,261	61,188
Total current assets	461,139	469,925
Property and equipment, net	33,920	31,508
Operating lease right-of-use asset, net	42,571
Goodwill	1,271,602	1,270,733
Other intangible assets, net	175,789	201,592
Deferred tax assets, net	24,449	20,460
Deferred commissions, non-current	38,074	39,736
Other assets	8,616	8,126
Total assets	2,056,160	2,042,080
Current liabilities:
Accounts payable	8,185	11,112
Accrued expenses, current	84,498	93,728
Deferred revenue, current	349,541	384,060
Operating lease liabilities, current	9,311
Total current liabilities	451,535	488,900
Deferred revenue, non-current	44,647	60,711
Accrued expenses, non-current	18,308	20,987
Operating lease liabilities, non-current	37,817
Long-term debt	480,941	509,985
Total liabilities	1,033,248	1,080,583
Commitments and contingencies (Note 10)
Par value (in dollars per share)	$ 0.001	$ 0.001
Shareholders' equity:
Common shares	$ 281	$ 281
Additional paid-in capital	1,609,246	1,573,347
Accumulated deficit	(563,376)	(594,026)
Accumulated other comprehensive loss	(23,239)	(18,105)
Total shareholders' equity	1,022,912	961,497
Total liabilities and shareholders' equity	$ 2,056,160	$ 2,042,080
Common Stock, Shares, Issued	282,023,558	280,853,040
Common Stock, Shares, Outstanding	282,023,558	280,853,040

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Sep. 30, 2020	Mar. 31, 2020
Statement of Financial Position [Abstract]
Common shares, authorized (in shares)	600,000,000	600,000,000
Common shares, issued (in shares)	282,023,558	280,853,040
Common shares, outstanding (in shares)	282,023,558	280,853,040

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue:
Total revenue	$ 168,586	$ 129,378	$ 324,094	$ 251,928
Cost of revenue:
Amortization of acquired technology	3,830	4,243	7,656	8,800
Total cost of revenue	30,711	39,546	59,253	69,089
Gross profit	137,875	89,832	264,841	182,839
Operating expenses:
Research and development	27,512	46,596	51,017	72,255
Sales and marketing	56,690	99,966	105,853	158,181
General and administrative	22,110	86,953	43,637	118,835
Amortization of other intangibles	8,686	10,061	17,372	20,203
Restructuring and other	46	779	25	894
Total operating expenses	115,044	244,355	217,904	370,368
Income (loss) from operations	22,831	(154,523)	46,937	(187,529)
Interest expense, net	(3,602)	(14,534)	(7,715)	(33,720)
Other income, net	199	146	218	240
Income (loss) before income taxes	19,428	(168,911)	39,440	(221,009)
Income tax expense	(1,949)	(248,423)	(9,096)	(245,480)
Net income (loss)	$ 17,479	$ (417,334)	$ 30,344	$ (466,489)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.06	$ (1.58)	$ 0.11	$ (1.86)
Diluted (in dollars per share)	$ 0.06	$ (1.58)	$ 0.11	$ (1.86)
Weighted average shares outstanding:
Basic (in shares)	280,077	264,127	279,577	251,412
Diluted (in shares)	286,252	264,127	285,423	251,412
Subscription
Revenue:
Total revenue	$ 157,673	$ 115,805	$ 302,030	$ 223,933
Cost of revenue:
Cost of revenues	18,327	23,456	35,033	39,633
License
Revenue:
Total revenue	442	2,745	1,080	6,529
Service
Revenue:
Total revenue	10,471	10,828	20,984	21,466
Cost of revenue:
Cost of revenues	$ 8,554	$ 11,847	$ 16,564	$ 20,656

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 17,479	$ (417,334)	$ 30,344	$ (466,489)
Other comprehensive (loss) income
Foreign currency translation adjustment, net of tax	(2,792)	2,691	(5,134)	4,528
Change of ownership interest in subsidiary	0	6,623	0	6,623
Total other comprehensive (loss) income	(2,792)	9,314	(5,134)	11,151
Comprehensive income (loss)	$ 14,687	$ (408,020)	$ 25,210	$ (455,338)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity / Member's (Deficit) - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentAccumulated Deficit
Beginning balance (in shares) at Mar. 31, 2019		0
Beginning balance at Mar. 31, 2019	$ (390,258)	$ 0	$ (184,546)	$ (176,002)	$ (29,710)
Increase (Decrease) in Partners' Capital [Roll Forward]
Foreign currency translation, net of tax	4,528				4,528
Reclassification of related party payable upon reorganization	600,622		600,622
Issuance of common stock in connection with initial public offering, net of underwriters' discounts and commissions and issuance costs (in shares)		38,873,000
Issuance of common stock in connection with initial public offering, net of underwriters' discounts and commissions and issuance costs	585,297	$ 39	585,258
Effect of reorganization (in shares)		241,547,000
Effect of reorganization	278,248	$ 242	271,383		6,623
Contribution for taxes associated with reorganization	265,000		265,000
Restricted stock units vested (in shares)		89,000
Share-based compensation	9,479		9,479
Equity repurchases	(145)		(145)
Net income (loss)	(466,489)			(466,489)
Ending balance (in shares) at Sep. 30, 2019		280,509,000
Ending balance at Sep. 30, 2019	886,282	$ 281	1,547,051	(642,491)	(18,559)
Beginning balance (in shares) at Jun. 30, 2019		0
Beginning balance at Jun. 30, 2019	(437,629)	$ 0	(184,599)	(225,157)	(27,873)
Increase (Decrease) in Partners' Capital [Roll Forward]
Foreign currency translation, net of tax	2,691				2,691
Reclassification of related party payable upon reorganization	600,622		600,622
Effect of reorganization (in shares)		241,547,000
Effect of reorganization	278,248	$ 242	271,383		6,623
Contribution for taxes associated with reorganization	265,000		265,000
Restricted stock units vested (in shares)		89,000
Issuance of common stock related to employee stock purchase plan (in shares)		38,873,000
Issuance of common stock related to employee stock purchase plan	585,297	$ 39	585,258
Share-based compensation	9,479
Equity repurchases	(92)		(92)
Net income (loss)	(417,334)			(417,334)
Ending balance (in shares) at Sep. 30, 2019		280,509,000
Ending balance at Sep. 30, 2019	886,282	$ 281	1,547,051	(642,491)	(18,559)
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative effects adjustment for ASU 2016-02 adoption	$ 961,497	$ 281	1,573,347	(594,026)	(18,105)	$ 306	$ 306
Beginning balance (in shares) at Mar. 31, 2020	280,853,040	280,853,000
Beginning balance at Mar. 31, 2020	$ 961,497	$ 281	1,573,347	(594,026)	(18,105)	306	306
Increase (Decrease) in Partners' Capital [Roll Forward]
Foreign currency translation, net of tax	(5,134)				(5,134)
Restricted stock units vested (in shares)		806,000
Restricted stock awards forfeited (in shares)		(96,000)
Issuance of common stock related to employee stock purchase plan (in shares)		159,000
Issuance of common stock related to employee stock purchase plan	$ 3,592		3,592
Exercise of stock options (in shares)	302,000	302,000
Exercise of stock options	$ 4,829		4,829
Share-based compensation	27,503		27,503
Equity repurchases	(25)		(25)
Cumulative effects adjustment for ASU 2016-02 adoption	1,022,912	$ 281	1,573,347	(594,026)	(18,105)	$ 306	$ 306
Net income (loss)	$ 30,344			30,344
Ending balance (in shares) at Sep. 30, 2020	282,023,558	282,024,000
Ending balance at Sep. 30, 2020	$ 1,022,912	$ 281	1,609,246	(563,376)	(23,239)
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative effects adjustment for ASU 2016-02 adoption	988,577	$ 281	1,589,598	(580,855)	(20,447)
Beginning balance (in shares) at Jun. 30, 2020		281,056,000
Beginning balance at Jun. 30, 2020	988,577	$ 281	1,589,598	(580,855)	(20,447)
Increase (Decrease) in Partners' Capital [Roll Forward]
Foreign currency translation, net of tax	(2,792)				(2,792)
Restricted stock units vested (in shares)		674,000
Restricted stock awards forfeited (in shares)		(8,000)
Exercise of stock options (in shares)		302,000
Exercise of stock options	4,829		4,829
Share-based compensation	14,831		14,831
Equity repurchases	(12)		(12)
Cumulative effects adjustment for ASU 2016-02 adoption	1,022,912	$ 281	1,609,246	(563,376)	(23,239)
Net income (loss)	$ 17,479			17,479
Ending balance (in shares) at Sep. 30, 2020	282,023,558	282,024,000
Ending balance at Sep. 30, 2020	$ 1,022,912	$ 281	1,609,246	(563,376)	(23,239)
Increase (Decrease) in Partners' Capital [Roll Forward]
Cumulative effects adjustment for ASU 2016-02 adoption	$ 1,022,912	$ 281	$ 1,609,246	$ (563,376)	$ (23,239)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ 30,344	$ (466,489)
Adjustments to reconcile net income (loss) to cash provided by (used in) operations:
Depreciation	3,797	3,971
Amortization	26,032	29,810
Share-based compensation	27,503	196,171
Deferred income taxes	(3,160)	(48,566)
Other	802	3,450
Net change in operating assets and liabilities:
Accounts receivable	49,353	29,578
Deferred commissions	1,250	(2,196)
Prepaid expenses and other assets	(4,944)	(519)
Accounts payable and accrued expenses	(7,862)	27,101
Operating leases, net	523
Deferred revenue	(62,789)	9,461
Net cash provided by (used in) operating activities	60,849	(218,228)
Cash flows from investing activities:
Purchase of property and equipment	(6,400)	(9,758)
Capitalized software additions	(184)	(564)
Net cash used in investing activities	(6,584)	(10,322)
Cash flows from financing activities:
Proceeds from initial public offering, net of underwriters' discounts and commissions	0	590,297
Settlement of deferred offering costs	0	(5,000)
Repayment of term loans	(30,000)	(455,189)
Contribution for tax associated with reorganization	0	265,000
Proceeds from employee stock purchase plan	3,592	0
Proceeds from exercise of stock options	4,829	0
Equity repurchases	(25)	(145)
Installments related to acquisition	0	(4,694)
Net cash (used in) provided by financing activities	(21,604)	390,269
Effect of exchange rates on cash and cash equivalents	2,606	(1,337)
Net increase in cash and cash equivalents	35,267	160,382
Cash and cash equivalents, beginning of period	213,170	51,314
Cash and cash equivalents, end of period	248,437	211,696
Supplemental cash flow data:
Cash paid for interest	6,923	27,391
Cash paid for tax	22,545	264,072
Non-cash financing activities:
Reclassification of related party payable upon reorganization	$ 0	$ (600,622)

Description of the Business

Description of the Business	6 Months Ended
Description of the Business	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business Business Dynatrace, Inc. (“Dynatrace”, or the “Company”) offers a software intelligence platform, purpose-built for multicloud environments. The Company’s all-in-one intelligence platform is designed to address the growing complexity faced by technology and digital business teams as these enterprises further embrace the cloud to effect their digital transformation. The Company’s platform does so by utilizing artificial intelligence at its core and continuous automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of its customers’ users. The Company designed its software intelligence platform to allow its customers to modernize and automate IT operations, develop and release high quality software faster, and improve user experiences for better business outcomes. Thoma Bravo (“TB”), a private equity investment firm, completed its acquisition of Compuware Corporation on December 15, 2014. Following the acquisition, Compuware Corporation was restructured following which Compuware Parent, LLC became the owner of Dynatrace Holding Corporation (“DHC”), under which the Compuware and Dynatrace businesses were separated, establishing Dynatrace as a standalone business. Following the corporate reorganization described below, Dynatrace became wholly owned by Dynatrace, Inc. (formerly Dynatrace Holdings LLC). Fiscal year The Company’s fiscal year ends on March 31. References to fiscal 2021, for example, refer to the fiscal year ended March 31, 2021.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Sep. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of presentation and consolidation Prior to July 30, 2019, Dynatrace Holdings LLC, a Delaware limited liability company, was an indirect equity holder of DHC that indirectly and wholly owned Dynatrace, LLC. On July 31, 2019, Dynatrace Holdings LLC (i) converted into a Delaware corporation with the name Dynatrace, Inc. and (ii) through a series of corporate reorganization steps, became the parent company of DHC. Additionally, as part of the reorganization, two wholly owned subsidiaries of DHC, Compuware Corporation (“Compuware”) and SIGOS LLC (“SIGOS”), were spun out from the corporate structure to the DHC shareholders. As a result of these transactions, DHC is a wholly owned indirect subsidiary of Dynatrace, Inc. These reorganization steps are collectively referred to as the “reorganization.” In connection with the reorganization, the equity holders of Compuware Parent, LLC received 222,021,708 units of Dynatrace Holdings LLC in exchange for their equity interests in Compuware Parent, LLC based on the fair value of a unit of Dynatrace Holdings LLC on July 30, 2019, which was determined to be $16.00 per unit by a committee of the board of managers of Dynatrace Holdings LLC, and all of the outstanding units of Dynatrace Holdings LLC then converted into shares of Dynatrace, Inc. Additionally, 19,525,510 units of Dynatrace Holdings LLC were issued upon exchange of Dynatrace, LLC Management Incentive Units (“MIUs”) and Appreciation Units (“AUs”) for a total of 241,547,218 outstanding units in Dynatrace Holdings LLC immediately prior to the closing of the Company’s initial public offering (“IPO”). The reorganization was completed between entities that have been under common control since December 15, 2014. Therefore, these condensed consolidated financial statements retroactively reflect DHC and Dynatrace, Inc. on a consolidated basis for the periods presented. The spin-offs of Compuware Corporation and SIGOS LLC from DHC have been accounted for retroactively as a change in reporting entity and accordingly, these condensed consolidated financial statements exclude their accounts and results. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. All intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements. As described in Note 14, prior to the reorganization the condensed consolidated financial statements reflected the debt and debt service associated with subordinated demand promissory notes payable to a related party. The condensed consolidated financial statements also reflect certain expenses incurred by the Company for certain functions including shared services for the periods prior to the reorganization, which are immaterial to these condensed consolidated financial statements. These expenses were allocated to Dynatrace on the basis of direct usage when identifiable, and for resources indirectly used by Dynatrace. Allocations were based on a proportional cost allocation methodology to reflect estimated usage by Dynatrace. Management considers the allocation methodology and results to be reasonable for all periods presented. However, the financial information presented in these condensed consolidated financial statements may not reflect the consolidated financial position, operating results and cash flows of Dynatrace had the Dynatrace business been a separate stand-alone entity during all of the periods presented. Actual costs that would have been incurred if Dynatrace had been a stand-alone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas. Initial Public Offering On August 1, 2019, the Company completed its initial public offering, in which it sold and issued 38,873,174 shares of common stock, inclusive of the underwriters’ option to purchase additional shares that was exercised in full, at an issue price of $16.00 per share. The Company received a total of $622.0 million in gross proceeds from the offering, or approximately $585.3 million in net proceeds after deducting approximately $36.7 million for underwriting discounts, commissions and offering-related expenses. Prior to the closing of the IPO, the 241,547,218 outstanding units of Dynatrace Holdings LLC were converted on a one-for-one basis into shares of common stock in accordance with the terms of the certificate of incorporation. Follow-on offerings by selling stockholders On June 5, 2020, the Company completed a follow-on offering for the sale of 34,500,000 shares of common stock by selling stockholders, inclusive of the underwriters’ option to purchase additional shares that was exercised in full, at an offering price of $35.00 per share. The Company did not receive any proceeds from the sale of common stock by the selling stockholders. On August 5, 2020, the Company completed a follow-on offering for the sale of 25,000,000 shares of common stock by selling stockholders at an offering price of $41.10 per share. The Company did not receive any proceeds from the sale of common stock by the selling stockholders. Unaudited interim consolidated financial information The accompanying interim condensed consolidated balance sheet as of September 30, 2020 and the interim condensed consolidated statements of operations, statements of shareholders’ equity / member’s deficit for the three and six months ended September 30, 2020 and 2019, statements of cash flows for the six months ended September 30, 2020 and 2019, and the related disclosures, are unaudited. In management’s opinion, the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and includes all normal and recurring adjustments necessary for the fair presentation of the Company’s financial position as of September 30, 2020, its results of operations for the three and six months ended September 30, 2020 and 2019, and its cash flows for the six months ended September 30, 2020 and 2019 in accordance with U.S. GAAP. The results for the three and six months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full fiscal year or any other interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020 (“Annual Report”). Use of estimates The preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, the disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, the Company makes estimates with respect to the stand-alone selling price for each distinct performance obligation in customer contracts with multiple performance obligations, the uncollectible accounts receivable, the fair value of tangible and intangible assets acquired, valuation of long-lived assets, the period of benefit for deferred commissions and material rights, equity-based compensation expense, income taxes, and the determination of the incremental borrowing rate used for operating lease liabilities, among other things. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates. In March 2020, the World Health Organization declared the recent outbreak of the novel coronavirus disease, or COVID-19, a global pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and impact on the Company’s customers and its sales cycles, which are uncertain and cannot be predicted. As of the date of the condensed consolidated financial statements, the Company is not aware of any specific event or circumstance that would require an update to its estimates, judgments or a revision of the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to our condensed consolidated financial statements. Significant accounting policies The Company’s significant accounting policies are discussed in Note 2, “Significant Accounting Policies” in the Company’s Annual Report. There have been no changes to the Company’s significant accounting policies described in the Company’s Annual Report that have had a material impact on its condensed consolidated financial statements and related notes except for updates resulting from the adoption of Topic 842, as discussed below. Leases Leases arise from contractual obligations that convey the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. At the inception of the contract, the Company determines if an arrangement contains a lease based on whether there is an identified asset and whether the Company controls the use of the identified asset. The Company also determines the classification of that lease, between financing and operating, at the lease commencement date. The Company accounts for and allocates consideration to the lease and non-lease components as a single lease component. A right-of-use asset represents the Company's right to use an underlying asset and a lease liability represents the Company's obligation to make payments during the lease term. Right-of-use assets are recorded and recognized at commencement for the lease liability amount, adjusted for initial direct costs incurred and lease incentives received. Lease liabilities are recorded at the present value of the future lease payments over the lease term at commencement. The discount rate used to determine the present value is the incremental borrowing rate unless the interest rate implicit in the lease is readily determinable. As the implicit rate for the operating leases is generally not determinable, the Company uses an incremental borrowing rate as the discount rate at the lease commencement date to determine the present value of lease payments. The Company determines the discount rate of the leases by considering various factors, such as the credit rating, interest rates of similar debt instruments of entities with comparable credit ratings, jurisdictions, and the lease term. The Company’s operating leases typically include non-lease components such as common-area maintenance costs, utilities, and other maintenance costs. The Company has elected to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments. The Company's lease terms may include options to extend or terminate the lease. The Company generally uses the base, non-cancelable, lease term when recognizing the lease assets and liabilities, unless it is reasonably certain that the Company will exercise those options. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company's right-of-use assets are included in “Operating lease right-of-use asset, net” and the current and non-current portions of the lease liabilities are included in “Operating lease liabilities, current” and “Operating lease liabilities, non-current,” respectively, on the condensed consolidated balance sheets. The Company does not record leases with terms of 12 months or less on the condensed consolidated balance sheets. Lease expense is recognized on a straight-line basis over the expected lease term. Reclassification Certain reclassifications of prior period amounts have been made in the Company’s condensed consolidated statements of cash flows to conform to the current period presentation. These reclassifications had no effect on the reported results of operations. Recently adopted accounting pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments supersede current lease requirements in Topic 840 which require lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. This new guidance is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those periods, except for certain emerging growth companies and smaller reporting companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2020. The Company early adopted the new standard as of April 1, 2020 and recognized a cumulative-effect adjustment to the opening balance of accumulated deficit as of the adoption date. The Company elected the optional transition approach to not apply Topic 842 in the comparative periods presented. The Company elected the package of practical expedients to not 1) reassess whether any expired or existing contracts are considered or contain leases; (2) reassess the lease classification for any expired or existing leases; and (3) reassess the initial direct costs for any existing leases. The adoption of Topic 842 resulted in the recognition of total right-of-use assets of $50.6 million, total lease liabilities of $50.7 million, and a cumulative effect adjustment to accumulated deficit of $0.3 million as of the adoption date, with the most significant impact related to the office space leases. Additionally, the Company derecognized $3.3 million in deferred rent upon adoption of this standard which was offset against the right-of-use asset. The adoption of Topic 842 did not have a material impact to the consolidated statements of operations or consolidated statements of cash flows. The Company has updated the accounting policies, systems, processes and internal controls, and have allocated internal and external resources to assist during the implementation efforts. Recently issued accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. ASU 2016-13 is effective for annual periods, and interim periods within those years, beginning after December 15, 2019, except for emerging growth companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2022. The Company does not expect the standard to have a material effect on its condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract; Disclosures for Implementation Costs Incurred for Internal-Use Software and Cloud Computing Arrangements, which aligns the accounting for implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software under ASC 350-40, in order to determine which costs to capitalize and recognize as an asset. ASU 2018-15 is effective for annual periods, and interim periods within those years, beginning after December 15, 2019, except for emerging growth companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2020, and can be applied either prospectively to implementation costs incurred after the date of adoption or retrospectively to all arrangements. The Company is currently evaluating the effects the standard will have on its condensed consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions for investments, intraperiod allocations and interim calculations, and adds guidance to reduce complexity in accounting for income taxes. ASU 2019-12 is effective for annual periods, and interim periods within those years, beginning after December 15, 2020. The Company is currently evaluating the effects the standard will have on its condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of revenue The following table is a summary of the Company’s total revenues by geographic region (in thousands, except percentages): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Amount % Amount % Amount % Amount % North America $ 93,511 56 % $ 77,245 59 % $ 180,888 56 % $ 148,442 59 % Europe, Middle East and Africa 51,852 31 % 34,317 27 % 98,923 31 % 67,818 27 % Asia Pacific 19,271 11 % 13,747 11 % 36,211 11 % 28,182 11 % Latin America 3,952 2 % 4,069 3 % 8,072 2 % 7,486 3 % Total revenue $ 168,586 $ 129,378 $ 324,094 $ 251,928 For the three and six months ended September 30, 2020 and 2019, the United States was the only country that represented more than 10% of the Company’s revenues in any period, constituting $87.1 million and 52%, and $73.0 million and 56% of total revenue during the three months ended September 30, 2020 and 2019, respectively, and $169.1 million and 52%, and $140.4 million and 56% of total revenue for the six months ended September 30, 2020 and 2019, respectively. Deferred revenue Revenues recognized from amounts included in deferred revenue as of March 31, 2020 were $137.0 million and $283.3 million during the three and six months ended September 30, 2020, respectively. Revenues recognized from amounts included in deferred revenue as of March 31, 2019 were $73.7 million and $174.3 million during the three and six months ended September 30, 2019, respectively. Remaining performance obligations As of September 30, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $880.0 million, which consists of both billed consideration in the amount of $394.2 million and unbilled consideration in the amount of $485.8 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 59% of this amount as revenue over the next twelve months and the remainder thereafter.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
Prepaid Expenses and Other Current Assets	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consists of the following (in thousands): September 30, 2020 March 31, 2020 Prepaid expenses $ 16,337 $ 13,189 Income taxes refundable 44,221 47,489 Other 703 510 Prepaid expenses and other current assets $ 61,261 $ 61,188

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	6 Months Ended
Goodwill and Other Intangible Assets, Net	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Changes in the carrying amount of goodwill on a consolidated basis for the six months ended September 30, 2020 consists of the following (in thousands): September 30, 2020 Balance, beginning of period $ 1,270,733 Foreign currency impact 869 Balance, end of period $ 1,271,602 Intangible assets, net excluding goodwill consists of the following (in thousands): Weighted September 30, 2020 March 31, 2020 Capitalized software 107 $ 189,816 $ 189,554 Customer relationships 120 351,555 351,555 Trademarks and tradenames 120 55,003 55,003 Total intangible assets 596,374 596,112 Less: accumulated amortization (420,585) (394,520) Total intangible assets, net $ 175,789 $ 201,592

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company computes its interim provision for income taxes by applying the estimated annual effective tax rate to income (loss) from operations and adjusts the provision for discrete tax items occurring in the period. The Company’s effective tax rate for the three months ended September 30, 2020 was 10% compared to negative 147% for the three months ended September 30, 2019. The effective tax rate was lower than the U.S. statutory tax rate for the three months ended September 30, 2020 because of the tax planning implemented by the Company and tax benefits related to share-based compensation windfalls. The Company’s effective tax rate for the six months ended September 30, 2020 was 23% compared to negative 111% for the six months ending September 30, 2019. The effective tax rate was higher than the U.S. statutory tax rate for the six months ended September 30, 2020 because of the valuation allowance on certain deferred tax assets as well as non-deductible share-based compensation. The effective tax rate for both the three and six months ended September 30, 2019 differed substantially from the U.S. statutory rate due to significant taxes on the Company’s reorganization transactions. Based on the Company’s review of both positive and negative evidence regarding the realizability of deferred tax assets at September 30, 2020, a valuation allowance continues to be recorded against certain deferred tax assets based upon the conclusion that it was more likely than not that these assets would not be realized. The valuation allowance at September 30, 2020 relates primarily to share-based compensation, capitalized development costs, and foreign tax credits. Other Matters On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. The Company previously reviewed the CARES Act in the U.S. and determined that there was no significant impact on the Company’s tax provision. The Company continues to analyze these legislative developments and believes they have not had a material impact on the Company’s provision for income taxes for the three and six months ended September 30, 2020.

Accrued Expenses

Accrued Expenses	6 Months Ended
Accrued Expenses	Sep. 30, 2020
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses, current consists of the following (in thousands): September 30, 2020 March 31, 2020 Accrued employee - related expenses $ 49,470 $ 40,687 Accrued tax liabilities 12,799 13,350 Accrued restructuring — 1,065 Accrued professional fees 2,633 2,103 Income taxes payable 4,224 20,756 Other 15,372 15,767 Total accrued expenses, current $ 84,498 $ 93,728

Long-term Debt

Long-term Debt	6 Months Ended
Long-term Debt	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of the following (in thousands, except percentages): September 30, 2020 March 31, 2020 Amount Effective Rate Amount Effective Rate First Lien Term Loan $ 491,125 2.4 % $ 521,125 3.2 % Revolving credit facility — — Total principal 491,125 521,125 Unamortized discount and debt issuance costs (10,184) (11,140) Total debt 480,941 509,985 Less: Current portion of long-term debt — — Long-term debt $ 480,941 $ 509,985 First lien credit facilities The Company’s First Lien Credit Agreement, as amended, provides for a term loan facility, or the First Lien Term Loan, in an aggregate principal amount of $950.0 million and a senior secured revolving credit facility, or the Revolving Facility, in an aggregate amount of $60.0 million. The Revolving Facility includes a $25.0 million letter of credit sub-facility. The First Lien Term Loan and Revolving Facility mature on August 23, 2025 and August 23, 2023, respectively. As of September 30, 2020 and March 31, 2020, there were $15.6 million and $15.3 million letters of credit issued, respectively. The Company had $44.4 million and $44.7 million of availability under the Revolving Facility as of September 30, 2020 and March 31, 2020, respectively. Borrowings under the First Lien Term Loan and the Revolving Facility currently bear interest, at the Company’s election, at either (i) the Alternative Base Rate, as defined per the credit agreement, plus 1.25% per annum, or (ii) LIBOR plus 2.25% per annum. The Company has satisfied all required principal payments under the First Lien Term Loan and the remainder is due at maturity. Interest payments are due quarterly, or more frequently, based on the terms of the credit agreement. The Company incurs fees with respect to the Revolving Facility, including (i) a commitment fee of 0.25% per annum of unused commitments under the Revolving Facility, (ii) facility fees equal to the applicable margin in effect for Eurodollar Rate Loans, as defined per the credit agreement, times the average daily stated amount of letters of credit, (iii) a fronting fee equal to either (a) 0.125% per annum on the stated amount of each letter of credit or (b) such other rate per annum as agreed to by the parties subject to the letters of credit, and (iv) customary administrative fees. All of the indebtedness under the First Lien Credit Agreement is and will be guaranteed by the Company’s existing and future material domestic subsidiaries and is and will be secured by substantially all of the assets of the Company and such guarantors. The First Lien Credit Agreement contains customary negative covenants. At September 30, 2020, the Company was in compliance with all applicable covenants pertaining to the First Lien Credit Agreement.

Leases

Leases	6 Months Ended
Leases	Sep. 30, 2020
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2021 to 2030. As of September 30, 2020, the weighted average remaining lease term was 5.6 years and the weighted average discount rate was 7.6%. The Company does not have any finance leases as of September 30, 2020. The Company also has subleases of former offices which expire at various dates from fiscal 2021 to fiscal 2025. Sublease income from operating leases, which is recorded as a reduction of rental expense, was $1.1 million for both the three months ended September 30, 2020 and 2019, and $2.3 million and $2.2 million for the six months ended September 30, 2020 and 2019, respectively. The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended September 30, 2020 Operating lease expense (1) $ 2,739 $ 5,382 Short-term lease expense $ 158 $ 312 Variable lease expense $ 206 $ 381 _________________ (1) Presented gross of sublease income. The following table presents supplemental cash flow information about the Company’s leases (in thousands): Six Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 6,796 Operating lease assets obtained in exchange for new operating lease liabilities $ 150 As of September 30, 2020, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 6,492 2022 11,415 2023 10,757 2024 9,804 2025 6,685 Thereafter 12,947 Total operating lease payments (1) 58,100 Less: imputed interest (10,972) Total operating lease liabilities $ 47,128 _________________ (1) Presented gross of sublease income. As of September 30, 2020, the Company had commitments of $5.3 million for an office space operating lease that has not yet commenced, and therefore is not included in the right-of-use asset or operating lease liability. This operating lease is expected to commence during the fiscal year ended March 31, 2021 and with a lease term of 10 years. As previously disclosed in the Company’s Annual Report, and under previous lease accounting standard ASC 840, the aggregate future non-cancelable minimum rental payments on its operating leases, as of March 31, 2020, were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 14,210 2022 11,663 2023 11,235 2024 10,864 2025 8,020 Thereafter 16,331 Total future contractual payments (1) $ 72,323 _________________ (1) Presented gross of sublease income. Under ASC 840, total rent expense under operating leases during the three and six months ended September 30, 2019 were $3.4 million and $6.7 million, respectively.
Leases	Leases The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2021 to 2030. As of September 30, 2020, the weighted average remaining lease term was 5.6 years and the weighted average discount rate was 7.6%. The Company does not have any finance leases as of September 30, 2020. The Company also has subleases of former offices which expire at various dates from fiscal 2021 to fiscal 2025. Sublease income from operating leases, which is recorded as a reduction of rental expense, was $1.1 million for both the three months ended September 30, 2020 and 2019, and $2.3 million and $2.2 million for the six months ended September 30, 2020 and 2019, respectively. The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended September 30, 2020 Operating lease expense (1) $ 2,739 $ 5,382 Short-term lease expense $ 158 $ 312 Variable lease expense $ 206 $ 381 _________________ (1) Presented gross of sublease income. The following table presents supplemental cash flow information about the Company’s leases (in thousands): Six Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 6,796 Operating lease assets obtained in exchange for new operating lease liabilities $ 150 As of September 30, 2020, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 6,492 2022 11,415 2023 10,757 2024 9,804 2025 6,685 Thereafter 12,947 Total operating lease payments (1) 58,100 Less: imputed interest (10,972) Total operating lease liabilities $ 47,128 _________________ (1) Presented gross of sublease income. As of September 30, 2020, the Company had commitments of $5.3 million for an office space operating lease that has not yet commenced, and therefore is not included in the right-of-use asset or operating lease liability. This operating lease is expected to commence during the fiscal year ended March 31, 2021 and with a lease term of 10 years. As previously disclosed in the Company’s Annual Report, and under previous lease accounting standard ASC 840, the aggregate future non-cancelable minimum rental payments on its operating leases, as of March 31, 2020, were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 14,210 2022 11,663 2023 11,235 2024 10,864 2025 8,020 Thereafter 16,331 Total future contractual payments (1) $ 72,323 _________________ (1) Presented gross of sublease income. Under ASC 840, total rent expense under operating leases during the three and six months ended September 30, 2019 were $3.4 million and $6.7 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal matters From time to time, the Company may be a party to lawsuits and legal proceedings arising in the ordinary course of business. In the opinion of the Company’s management, these matters, individually and in the aggregate, will not have a material adverse effect on the financial condition and results of the future operations of the Company.

Share-based Compensation

Share-based Compensation	6 Months Ended
Share-based Compensation	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Management Incentive Unit Plan Under the Management Incentive Unit Plan (the “MIU Plan”), Compuware Parent LLC’s board of managers had authorized the issuance of MIUs and AUs to certain executive officers and key employees. The MIUs and AUs consisted of two types of units which were classified as performance-vested units and time-vested units. In connection with the reorganization transactions described in Note 2, outstanding awards granted under the MIU Plan were converted into shares of common stock, restricted stock, and restricted stock units which were granted under the 2019 Plan (as defined below). Upon conversion, the MIUs and AUs were modified and ceased to be classified as liability awards. This modification impacted 306 participants and resulted in the recognition of incremental share-based compensation expense of $145.3 million to record the liability awards at fair value immediately prior to the modification during the three and six months ended September 30, 2019. Upon modification, the liability balance of $278.2 million related to these MIUs and AUs was reclassified into additional paid-in capital. 2019 Equity Incentive Plan In July 2019, the Company’s board of directors (the “Board”), upon the recommendation of the compensation committee of the board of directors, adopted the 2019 Equity Incentive Plan, or the 2019 Plan, which was subsequently approved by the Company’s shareholders. The Company initially reserved 52,000,000 shares of common stock, or the Initial Limit, for the issuance of awards under the 2019 Plan. The 2019 Plan provides that the number of shares reserved and available for issuance under the plan will automatically increase each April 1, beginning on April 1, 2020, by 4% of the outstanding number of shares of the Company’s common stock on the immediately preceding March 31 or such lesser number determined by the compensation committee. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company’s capitalization. As of September 30, 2020, 29,988,328 shares of common stock were available for future issuance under the 2019 Plan. Stock options The following table summarizes activity for stock options during the period ended September 30, 2020: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (per share) (years) (in thousands) Balance, March 31, 2020 7,147 $ 16.26 9.3 $ 54,423 Granted 2,229 33.37 Exercised (302) 16.00 Forfeited (237) 16.96 Balance, September 30, 2020 8,837 $ 20.57 9.0 $ 180,799 Options vested and exercisable at September 30, 2020 1,396 $ 16.05 8.8 $ 34,855 As of September 30, 2020, the total unrecognized compensation expense related to non-vested stock options is $57.7 million and is expected to be recognized over a weighted average period of 3.1 years. For the three and six months ended September 30, 2020, the Company recognized $4.4 million and $7.8 million, respectively, of share-based compensation expense related to stock options. Restricted shares and units During the first six months of fiscal 2021, the Company granted an aggregate of 1,242,824 restricted stock units to certain key employees and non-employee directors. The total grants consisted of: (i) 1,207,824 time-based restricted stock units that vest 25% one year after the grant date and the remaining 75% vest ratably on a quarterly basis over 3 years and (ii) 35,000 time-based restricted shares that vest on August 25, 2021 or at the annual shareholder meeting, if earlier. The following table provides a summary of the changes in the number of restricted shares for the period ended September 30, 2020: Number of Shares of Weighted Average Grant Date Fair Value Number of Restricted Stock Units Weighted Average (in thousands) (per share) (in thousands) (per share) Balance, March 31, 2020 1,984 $ 16.00 3,123 $ 16.39 Granted — — 1,243 33.54 Vested (848) 16.00 (806) 16.06 Forfeited (96) 16.00 (118) 17.75 Balance, September 30, 2020 1,040 $ 16.00 3,442 $ 22.62 As of September 30, 2020, the total unrecognized compensation expense related to unvested restricted stock is $14.3 million and is expected to be recognized over a weighted average period of 1.5 years. As of September 30, 2020, the total unrecognized compensation expense related to unvested restricted stock units is $72.2 million and is expected to be recognized over a weighted average period of 3.0 years. For the three and six months ended September 30, 2020, the Company recognized $9.9 million and $18.7 million, respectively, of share-based compensation expense related to restricted shares and units. Employee Stock Purchase Plan In July 2019, the board of directors adopted, and the Company’s shareholders approved, the 2019 Employee Stock Purchase Plan (“ESPP”). The Company expects to offer, sell and issue shares of common stock under this ESPP from time to time based on various factors and conditions, although the Company is under no obligation to sell any shares under this ESPP. The ESPP provides for six six As of September 30, 2020, there was approximately $0.3 million of unrecognized share-based compensation related to the ESPP that is expected to be recognized over the remaining term of the current offering period. For the three and six months ended September 30, 2020, the Company recognized $0.5 million and $1.0 million, respectively, of share-based compensation expense related to the ESPP. Share-based compensation The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Cost of revenue $ 1,866 $ 12,720 $ 3,364 $ 16,029 Research and development 2,989 27,379 5,407 34,506 Sales and marketing 6,122 56,781 11,527 71,885 General and administrative 3,854 57,866 7,205 73,751 Total share-based compensation expense $ 14,831 $ 154,746 $ 27,503 $ 196,171

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
Net Income (Loss) Per Share	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is calculated by dividing the net income (loss) for the period by the weighted-average number of common shares outstanding during the period, without consideration of potentially dilutive securities. Diluted net income (loss) per share includes the dilutive effect of common share equivalents and is calculated using the weighted-average number of common shares and the common share equivalents outstanding during the reporting period. An anti-dilutive impact is an increase in net income per share or a reduction in net loss per share resulting from the conversion, exercise, or contingent issuance of certain securities. On August 1, 2019, the Company completed its IPO in which the Company issued and sold 38,873,174 shares of common stock at a price to the public of $16.00 per share. These shares are included in the common stock outstanding as of that date. For the three and six months ended September 30, 2019, basic and diluted net income (loss) per share have been retrospectively adjusted to reflect the conversion of equity in connection with the reorganization transactions described in Note 2. Basic and diluted net income (loss) per share was derived from a unit conversion factor of $16.00 per share as determined by the board of managers of Dynatrace Holdings LLC on July 30, 2019. The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ 17,479 $ (417,334) $ 30,344 $ (466,489) Denominator: Weighted average shares outstanding, basic 280,077 264,127 279,577 251,412 Dilutive effect of stock-based awards 6,175 — 5,846 — Weighted average shares outstanding, diluted 286,252 264,127 285,423 251,412 Net income (loss) per share, basic $ 0.06 $ (1.58) $ 0.11 $ (1.86) Net income (loss) per share, diluted $ 0.06 $ (1.58) $ 0.11 $ (1.86) The effect of certain common share equivalents were excluded from the computation of weighted average diluted shares outstanding for the three and six months ended September 30, 2020 and 2019 as inclusion would have resulted in anti-dilution. A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Stock options 2,101 4,711 1,572 2,379 Unvested restricted stock and RSUs 24 4,170 30 2,096 Shares committed under ESPP — — — —

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company had agreements with Thoma Bravo, LLC for financial and management advisory services that terminated on August 1, 2019. The Company did not incur any expense related to these services during the three and six months ended September 30, 2020 and incurred $0.4 million and $1.6 million during the three and six months ended September 30, 2019, respectively. The related expense is reflected in “General and administrative” expense in the condensed consolidated statements of operations.Related Party DebtOn April 1, 2015, the Company entered into $1.8 billion in subordinated demand promissory notes payable to Compuware, a former related party. The promissory notes were established in connection with Compuware’s external debt financing. Interest expense on the promissory notes was zero for the three and six months ended September 30, 2020, and $1.0 million and $4.1 million for the three and six months ended September 30, 2019, respectively, and is included in the condensed consolidated statements of operations in “Interest expense, net.” In connection with the reorganization during the second quarter of fiscal 2020, the corresponding receivable at Compuware was contributed to the Company and the payable to related party was eliminated.

Related Party Debt

Related Party Debt	6 Months Ended
Related Party Debt	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Debt	Related Party TransactionsThe Company had agreements with Thoma Bravo, LLC for financial and management advisory services that terminated on August 1, 2019. The Company did not incur any expense related to these services during the three and six months ended September 30, 2020 and incurred $0.4 million and $1.6 million during the three and six months ended September 30, 2019, respectively. The related expense is reflected in “General and administrative” expense in the condensed consolidated statements of operations.Related Party DebtOn April 1, 2015, the Company entered into $1.8 billion in subordinated demand promissory notes payable to Compuware, a former related party. The promissory notes were established in connection with Compuware’s external debt financing. Interest expense on the promissory notes was zero for the three and six months ended September 30, 2020, and $1.0 million and $4.1 million for the three and six months ended September 30, 2019, respectively, and is included in the condensed consolidated statements of operations in “Interest expense, net.” In connection with the reorganization during the second quarter of fiscal 2020, the corresponding receivable at Compuware was contributed to the Company and the payable to related party was eliminated.

Geographic Information

Geographic Information	6 Months Ended
Geographic Information	Sep. 30, 2020
Segment Reporting [Abstract]
Geographic Information	Geographic Information Revenue Revenues by geography are based on legal jurisdiction. Refer to Note 3, “Revenue Recognition” for a disaggregation of revenue by geographic region. Property and equipment, net The following tables present property and equipment by geographic region for the periods presented (in thousands): September 30, 2020 March 31, 2020 North America $ 12,245 $ 11,296 Europe, Middle East and Africa 20,064 18,590 Asia Pacific 1,577 1,564 Latin America 34 58 Total property and equipment, net $ 33,920 $ 31,508

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2020
Accounting Policies [Abstract]
Fiscal year	The Company’s fiscal year ends on March 31. References to fiscal 2021, for example, refer to the fiscal year ended March 31, 2021.
Consolidation	Prior to July 30, 2019, Dynatrace Holdings LLC, a Delaware limited liability company, was an indirect equity holder of DHC that indirectly and wholly owned Dynatrace, LLC. On July 31, 2019, Dynatrace Holdings LLC (i) converted into a Delaware corporation with the name Dynatrace, Inc. and (ii) through a series of corporate reorganization steps, became the parent company of DHC. Additionally, as part of the reorganization, two wholly owned subsidiaries of DHC, Compuware Corporation (“Compuware”) and SIGOS LLC (“SIGOS”), were spun out from the corporate structure to the DHC shareholders. As a result of these transactions, DHC is a wholly owned indirect subsidiary of Dynatrace, Inc. These reorganization steps are collectively referred to as the “reorganization.” In connection with the reorganization, the equity holders of Compuware Parent, LLC received 222,021,708 units of Dynatrace Holdings LLC in exchange for their equity interests in Compuware Parent, LLC based on the fair value of a unit of Dynatrace Holdings LLC on July 30, 2019, which was determined to be $16.00 per unit by a committee of the board of managers of Dynatrace Holdings LLC, and all of the outstanding units of Dynatrace Holdings LLC then converted into shares of Dynatrace, Inc. Additionally, 19,525,510 units of Dynatrace Holdings LLC were issued upon exchange of Dynatrace, LLC Management Incentive Units (“MIUs”) and Appreciation Units (“AUs”) for a total of 241,547,218 outstanding units in Dynatrace Holdings LLC immediately prior to the closing of the Company’s initial public offering (“IPO”). The reorganization was completed between entities that have been under common control since December 15, 2014. Therefore, these condensed consolidated financial statements retroactively reflect DHC and Dynatrace, Inc. on a consolidated basis for the periods presented. The spin-offs of Compuware Corporation and SIGOS LLC from DHC have been accounted for retroactively as a change in reporting entity and accordingly, these condensed consolidated financial statements exclude their accounts and results.
Basis of presentation	The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. All intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements. Unaudited interim consolidated financial information The accompanying interim condensed consolidated balance sheet as of September 30, 2020 and the interim condensed consolidated statements of operations, statements of shareholders’ equity / member’s deficit for the three and six months ended September 30, 2020 and 2019, statements of cash flows for the six months ended September 30, 2020 and 2019, and the related disclosures, are unaudited. In management’s opinion, the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and includes all normal and recurring adjustments necessary for the fair presentation of the Company’s financial position as of September 30, 2020, its results of operations for the three and six months ended September 30, 2020 and 2019, and its cash flows for the six months ended September 30, 2020 and 2019 in accordance with U.S. GAAP. The results for the three and six months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full fiscal year or any other interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020 (“Annual Report”).
Use of estimates	Use of estimates The preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, the disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, the Company makes estimates with respect to the stand-alone selling price for each distinct performance obligation in customer contracts with multiple performance obligations, the uncollectible accounts receivable, the fair value of tangible and intangible assets acquired, valuation of long-lived assets, the period of benefit for deferred commissions and material rights, equity-based compensation expense, income taxes, and the determination of the incremental borrowing rate used for operating lease liabilities, among other things. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates. In March 2020, the World Health Organization declared the recent outbreak of the novel coronavirus disease, or COVID-19, a global pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and impact on the Company’s customers and its sales cycles, which are uncertain and cannot be predicted. As of the date of the condensed consolidated financial statements, the Company is not aware of any specific event or circumstance that would require an update to its estimates, judgments or a revision of the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to our condensed consolidated financial statements.
Leases	Leases Leases arise from contractual obligations that convey the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. At the inception of the contract, the Company determines if an arrangement contains a lease based on whether there is an identified asset and whether the Company controls the use of the identified asset. The Company also determines the classification of that lease, between financing and operating, at the lease commencement date. The Company accounts for and allocates consideration to the lease and non-lease components as a single lease component. A right-of-use asset represents the Company's right to use an underlying asset and a lease liability represents the Company's obligation to make payments during the lease term. Right-of-use assets are recorded and recognized at commencement for the lease liability amount, adjusted for initial direct costs incurred and lease incentives received. Lease liabilities are recorded at the present value of the future lease payments over the lease term at commencement. The discount rate used to determine the present value is the incremental borrowing rate unless the interest rate implicit in the lease is readily determinable. As the implicit rate for the operating leases is generally not determinable, the Company uses an incremental borrowing rate as the discount rate at the lease commencement date to determine the present value of lease payments. The Company determines the discount rate of the leases by considering various factors, such as the credit rating, interest rates of similar debt instruments of entities with comparable credit ratings, jurisdictions, and the lease term. The Company’s operating leases typically include non-lease components such as common-area maintenance costs, utilities, and other maintenance costs. The Company has elected to include non-lease components with lease payments for the purpose of calculating lease right-of-use assets and liabilities to the extent that they are fixed. Non-lease components that are not fixed are expensed as incurred as variable lease payments. The Company's lease terms may include options to extend or terminate the lease. The Company generally uses the base, non-cancelable, lease term when recognizing the lease assets and liabilities, unless it is reasonably certain that the Company will exercise those options. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company's right-of-use assets are included in “Operating lease right-of-use asset, net” and the current and non-current portions of the lease liabilities are included in “Operating lease liabilities, current” and “Operating lease liabilities, non-current,” respectively, on the condensed consolidated balance sheets. The Company does not record leases with terms of 12 months or less on the condensed consolidated balance sheets. Lease expense is recognized on a straight-line basis over the expected lease term.
Reclassification	Reclassification Certain reclassifications of prior period amounts have been made in the Company’s condensed consolidated statements of cash flows to conform to the current period presentation. These reclassifications had no effect on the reported results of operations.
Recently adopted and recently issued accounting pronouncements	Recently adopted accounting pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The amendments supersede current lease requirements in Topic 840 which require lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. This new guidance is effective for public companies for annual reporting periods beginning after December 15, 2018, and interim periods within those periods, except for certain emerging growth companies and smaller reporting companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2020. The Company early adopted the new standard as of April 1, 2020 and recognized a cumulative-effect adjustment to the opening balance of accumulated deficit as of the adoption date. The Company elected the optional transition approach to not apply Topic 842 in the comparative periods presented. The Company elected the package of practical expedients to not 1) reassess whether any expired or existing contracts are considered or contain leases; (2) reassess the lease classification for any expired or existing leases; and (3) reassess the initial direct costs for any existing leases. The adoption of Topic 842 resulted in the recognition of total right-of-use assets of $50.6 million, total lease liabilities of $50.7 million, and a cumulative effect adjustment to accumulated deficit of $0.3 million as of the adoption date, with the most significant impact related to the office space leases. Additionally, the Company derecognized $3.3 million in deferred rent upon adoption of this standard which was offset against the right-of-use asset. The adoption of Topic 842 did not have a material impact to the consolidated statements of operations or consolidated statements of cash flows. The Company has updated the accounting policies, systems, processes and internal controls, and have allocated internal and external resources to assist during the implementation efforts. Recently issued accounting pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which replaces the existing incurred loss impairment model with an expected credit loss model and requires a financial asset measured at amortized cost to be presented at the net amount expected to be collected. ASU 2016-13 is effective for annual periods, and interim periods within those years, beginning after December 15, 2019, except for emerging growth companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2022. The Company does not expect the standard to have a material effect on its condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract; Disclosures for Implementation Costs Incurred for Internal-Use Software and Cloud Computing Arrangements, which aligns the accounting for implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software under ASC 350-40, in order to determine which costs to capitalize and recognize as an asset. ASU 2018-15 is effective for annual periods, and interim periods within those years, beginning after December 15, 2019, except for emerging growth companies who may elect to adopt the standard for annual reporting periods beginning after December 15, 2020, and can be applied either prospectively to implementation costs incurred after the date of adoption or retrospectively to all arrangements. The Company is currently evaluating the effects the standard will have on its condensed consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions for investments, intraperiod allocations and interim calculations, and adds guidance to reduce complexity in accounting for income taxes. ASU 2019-12 is effective for annual periods, and interim periods within those years, beginning after December 15, 2020. The Company is currently evaluating the effects the standard will have on its condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table is a summary of the Company’s total revenues by geographic region (in thousands, except percentages): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Amount % Amount % Amount % Amount % North America $ 93,511 56 % $ 77,245 59 % $ 180,888 56 % $ 148,442 59 % Europe, Middle East and Africa 51,852 31 % 34,317 27 % 98,923 31 % 67,818 27 % Asia Pacific 19,271 11 % 13,747 11 % 36,211 11 % 28,182 11 % Latin America 3,952 2 % 4,069 3 % 8,072 2 % 7,486 3 % Total revenue $ 168,586 $ 129,378 $ 324,094 $ 251,928

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
Prepaid Expenses and Other Current Assets (Tables)	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consists of the following (in thousands): September 30, 2020 March 31, 2020 Prepaid expenses $ 16,337 $ 13,189 Income taxes refundable 44,221 47,489 Other 703 510 Prepaid expenses and other current assets $ 61,261 $ 61,188

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	6 Months Ended
Goodwill and Other Intangible Assets, Net (Tables)	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill on a consolidated basis for the six months ended September 30, 2020 consists of the following (in thousands): September 30, 2020 Balance, beginning of period $ 1,270,733 Foreign currency impact 869 Balance, end of period $ 1,271,602
Schedule of Intangible Assets	Intangible assets, net excluding goodwill consists of the following (in thousands): Weighted September 30, 2020 March 31, 2020 Capitalized software 107 $ 189,816 $ 189,554 Customer relationships 120 351,555 351,555 Trademarks and tradenames 120 55,003 55,003 Total intangible assets 596,374 596,112 Less: accumulated amortization (420,585) (394,520) Total intangible assets, net $ 175,789 $ 201,592

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
Accrued Expenses (Tables)	Sep. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses, current consists of the following (in thousands): September 30, 2020 March 31, 2020 Accrued employee - related expenses $ 49,470 $ 40,687 Accrued tax liabilities 12,799 13,350 Accrued restructuring — 1,065 Accrued professional fees 2,633 2,103 Income taxes payable 4,224 20,756 Other 15,372 15,767 Total accrued expenses, current $ 84,498 $ 93,728

Long-term Debt Schedule of Long

Long-term Debt Schedule of Long-Term Debt (Tables)	6 Months Ended
Long-term Debt Schedule of Long-Term Debt (Tables)	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consists of the following (in thousands, except percentages): September 30, 2020 March 31, 2020 Amount Effective Rate Amount Effective Rate First Lien Term Loan $ 491,125 2.4 % $ 521,125 3.2 % Revolving credit facility — — Total principal 491,125 521,125 Unamortized discount and debt issuance costs (10,184) (11,140) Total debt 480,941 509,985 Less: Current portion of long-term debt — — Long-term debt $ 480,941 $ 509,985

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Sep. 30, 2020
Leases [Abstract]
Schedule of Lease Expense and Supplemental Cash Flow Information	The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended September 30, 2020 Operating lease expense (1) $ 2,739 $ 5,382 Short-term lease expense $ 158 $ 312 Variable lease expense $ 206 $ 381 _________________ (1) Presented gross of sublease income. The following table presents supplemental cash flow information about the Company’s leases (in thousands): Six Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities $ 6,796 Operating lease assets obtained in exchange for new operating lease liabilities $ 150
Schedule of Maturities of Lease Liabilities	As of September 30, 2020, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 6,492 2022 11,415 2023 10,757 2024 9,804 2025 6,685 Thereafter 12,947 Total operating lease payments (1) 58,100 Less: imputed interest (10,972) Total operating lease liabilities $ 47,128 _________________ (1) Presented gross of sublease income.
Schedule of Future Minimum Rental Payments for Operating Leases	As previously disclosed in the Company’s Annual Report, and under previous lease accounting standard ASC 840, the aggregate future non-cancelable minimum rental payments on its operating leases, as of March 31, 2020, were as follows (in thousands): Fiscal Years Ending March 31, Amount 2021 $ 14,210 2022 11,663 2023 11,235 2024 10,864 2025 8,020 Thereafter 16,331 Total future contractual payments (1) $ 72,323 _________________ (1) Presented gross of sublease income.

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
Share-based Compensation (Tables)	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Activity for Stock Options	The following table summarizes activity for stock options during the period ended September 30, 2020: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (per share) (years) (in thousands) Balance, March 31, 2020 7,147 $ 16.26 9.3 $ 54,423 Granted 2,229 33.37 Exercised (302) 16.00 Forfeited (237) 16.96 Balance, September 30, 2020 8,837 $ 20.57 9.0 $ 180,799 Options vested and exercisable at September 30, 2020 1,396 $ 16.05 8.8 $ 34,855
Summary of Activity for Restricted Shares	The following table provides a summary of the changes in the number of restricted shares for the period ended September 30, 2020: Number of Shares of Weighted Average Grant Date Fair Value Number of Restricted Stock Units Weighted Average (in thousands) (per share) (in thousands) (per share) Balance, March 31, 2020 1,984 $ 16.00 3,123 $ 16.39 Granted — — 1,243 33.54 Vested (848) 16.00 (806) 16.06 Forfeited (96) 16.00 (118) 17.75 Balance, September 30, 2020 1,040 $ 16.00 3,442 $ 22.62
Schedule of Share-based Compensation Expense	The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Cost of revenue $ 1,866 $ 12,720 $ 3,364 $ 16,029 Research and development 2,989 27,379 5,407 34,506 Sales and marketing 6,122 56,781 11,527 71,885 General and administrative 3,854 57,866 7,205 73,751 Total share-based compensation expense $ 14,831 $ 154,746 $ 27,503 $ 196,171

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
Net Income (Loss) Per Share (Tables)	Sep. 30, 2020
Earnings Per Share [Abstract]
Summary of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) $ 17,479 $ (417,334) $ 30,344 $ (466,489) Denominator: Weighted average shares outstanding, basic 280,077 264,127 279,577 251,412 Dilutive effect of stock-based awards 6,175 — 5,846 — Weighted average shares outstanding, diluted 286,252 264,127 285,423 251,412 Net income (loss) per share, basic $ 0.06 $ (1.58) $ 0.11 $ (1.86) Net income (loss) per share, diluted $ 0.06 $ (1.58) $ 0.11 $ (1.86)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands): Three Months Ended September 30, Six Months Ended September 30, 2020 2019 2020 2019 Stock options 2,101 4,711 1,572 2,379 Unvested restricted stock and RSUs 24 4,170 30 2,096 Shares committed under ESPP — — — —

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
Geographic Information (Tables)	Sep. 30, 2020
Segment Reporting [Abstract]
Summary of Property and Equipment by Geographical Region	The following tables present property and equipment by geographic region for the periods presented (in thousands): September 30, 2020 March 31, 2020 North America $ 12,245 $ 11,296 Europe, Middle East and Africa 20,064 18,590 Asia Pacific 1,577 1,564 Latin America 34 58 Total property and equipment, net $ 33,920 $ 31,508

Significant Accounting Polici_3

Significant Accounting Policies - Basis of Presentation and Consolidation (Details)	Jul. 31, 2019subsidiary	Jul. 30, 2019$ / sharesshares
Class of Stock [Line Items]
Number of wholly owned subsidiaries \| subsidiary	2
Share of equity interest (in dollars per unit) \| $ / shares		$ 16
Dynatrace Holdings LLC
Class of Stock [Line Items]
Common units issued (in shares)		19,525,510
Common units, outstanding (in shares)		241,547,218
Compuware Parent, LLC, Equity Holders \| Dynatrace Holdings LLC
Class of Stock [Line Items]
Common units issued (in shares)		222,021,708

Significant Accounting Polici_4

Significant Accounting Policies - Initial Public Offering and Follow-Up Offering By Selling Stockholders (Details) $ / shares in Units, $ in Thousands	Aug. 05, 2020$ / sharesshares	Jun. 05, 2020$ / sharesshares	Aug. 01, 2019USD ($)$ / sharesshares	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jul. 31, 2019shares
Subsidiary, Sale of Stock [Line Items]
Gross proceeds received in public offering				$ 0	$ 590,297
Payment of underwriting discounts, commissions and estimated offering related expense				$ 0	$ 5,000
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares sold and issued (in shares) \| shares			38,873,174
Sale of stock price per share (in dollars per share) \| $ / shares			$ 16
Gross proceeds received in public offering			$ 622,000
Proceeds from sale of stock, net of offering costs			585,300
Payment of underwriting discounts, commissions and estimated offering related expense			$ 36,700
IPO, Sale of Stockholders
Subsidiary, Sale of Stock [Line Items]
Number of shares sold and issued (in shares) \| shares	25,000,000	34,500,000
Sale of stock price per share (in dollars per share) \| $ / shares	$ 41.10	$ 35
Common Class A
Subsidiary, Sale of Stock [Line Items]
Conversion of stock, conversion ratio			1
Dynatrace Holdings LLC
Subsidiary, Sale of Stock [Line Items]
Common stock, issued during the exchange (in shares) \| shares						241,547,218

Significant Accounting Polici_5

Significant Accounting Policies - Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Mar. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Apr. 01, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Recognition of total right-of-use assets				$ 42,571
Total operating lease liabilities				47,128
Cumulative effects adjustment for ASU 2016-02 adoption			$ 961,497	1,022,912	$ 988,577
Derecognized deferred rent	$ (3,400)	$ (6,700)
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Recognition of total right-of-use assets			50,600
Total operating lease liabilities			50,700
Derecognized deferred rent			3,300
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effects adjustment for ASU 2016-02 adoption			306
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effects adjustment for ASU 2016-02 adoption			(594,026)	$ (563,376)	$ (580,855)
Accumulated Deficit \| Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effects adjustment for ASU 2016-02 adoption			$ 306			$ 300

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Amount	$ 168,586	$ 129,378	$ 324,094	$ 251,928
North America
Disaggregation of Revenue [Line Items]
Amount	93,511	77,245	180,888	148,442
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Amount	51,852	34,317	98,923	67,818
Asia Pacific
Disaggregation of Revenue [Line Items]
Amount	19,271	13,747	36,211	28,182
Latin America
Disaggregation of Revenue [Line Items]
Amount	3,952	4,069	8,072	7,486
Geographic Concentration Risk \| Revenue Benchmark
Disaggregation of Revenue [Line Items]
Amount	$ 87,100	$ 73,000	$ 169,100	$ 140,400
%	52.00%	56.00%	52.00%	56.00%
Geographic Concentration Risk \| Revenue Benchmark \| North America
Disaggregation of Revenue [Line Items]
%	56.00%	59.00%	56.00%	59.00%
Geographic Concentration Risk \| Revenue Benchmark \| Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
%	31.00%	27.00%	31.00%	27.00%
Geographic Concentration Risk \| Revenue Benchmark \| Asia Pacific
Disaggregation of Revenue [Line Items]
%	11.00%	11.00%	11.00%	11.00%
Geographic Concentration Risk \| Revenue Benchmark \| Latin America
Disaggregation of Revenue [Line Items]
%	2.00%	3.00%	2.00%	3.00%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue and Deferred Revenue Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenue	$ 168,586	$ 129,378	$ 324,094	$ 251,928
Revenue recognized	137,000	73,700	283,300	174,300
Remaining performance obligation, amount	880,000		880,000
Billed consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	394,200		394,200
Unbilled consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	485,800		485,800
Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Total revenue	$ 87,100	$ 73,000	$ 169,100	$ 140,400
Concentration risk percentage	52.00%	56.00%	52.00%	56.00%

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligations (Narrative) (Details)	Sep. 30, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	59.00%
Remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	41.00%
Remaining performance obligation, expected timing of satisfaction, period

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 16,337	$ 13,189
Income taxes refundable	44,221	47,489
Other	703	510
Prepaid expenses and other current assets	$ 61,261	$ 61,188

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,270,733
Foreign currency impact	869
Balance, end of period	$ 1,271,602

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2020	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 596,374	$ 596,112
Less: accumulated amortization	(420,585)	(394,520)
Total intangible assets, net	$ 175,789	201,592
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in months)	107 years
Total intangible assets	$ 189,816	189,554
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in months)	120 months
Total intangible assets	$ 351,555	351,555
Trademarks and tradenames
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in months)	120 months
Total intangible assets	$ 55,003	$ 55,003

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangibles	$ 13,000	$ 14,700	$ 26,032	$ 29,810

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	10.00%	(147.00%)	23.00%	(111.00%)

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Accrued Expenses, Current
Accrued employee - related expenses	$ 49,470	$ 40,687
Accrued tax liabilities	12,799	13,350
Accrued restructuring	0	1,065
Accrued professional fees	2,633	2,103
Income taxes payable	4,224	20,756
Other	15,372	15,767
Total accrued expenses, current	$ 84,498	$ 93,728

Long-term Debt - Schedule of Lo

Long-term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Debt Instrument [Line Items]
Total principal	$ 491,125	$ 521,125
Unamortized discount and debt issuance costs	(10,184)	(11,140)
Total debt	480,941	509,985
Less: Current portion of long-term debt	0	0
Long-term debt	$ 480,941	$ 509,985
Secured Debt \| First Lien Term Loan
Debt Instrument [Line Items]
Effective Rate	2.40%	3.20%
Total principal	$ 491,125	$ 521,125
Revolving Credit Facility \| Line of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Total principal	$ 0	$ 0

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($)	6 Months Ended
Long-term Debt - Narrative (Details) - USD ($)	Sep. 30, 2020	Mar. 31, 2020
First Lien Term Loan \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 950,000,000
Revolving credit facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	60,000,000
Available borrowing capacity	$ 44,400,000	$ 44,700,000
Commitment fee percentage	0.25%
Fronting fee percentage	0.125%
Revolving credit facility \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000
Letters of credit issued	$ 15,600,000	$ 15,300,000
Alternative Base Rate \| First Lien Term Loan \| Secured Debt
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
London Interbank Offered Rate (LIBOR) \| First Lien Term Loan \| Secured Debt
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.25%

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Weighted average remaining lease term	5 years 7 months 6 days		5 years 7 months 6 days
Weighted average discount rate	7.60%		7.60%
Sublease Income	$ 1.1	$ 1.1	$ 2.3	$ 2.2
Operating lease that has not yet commenced	$ 5.3		$ 5.3
Operating lease that has not yet commenced, term	10 years		10 years
Total rent expense under ASC 840		$ 3.4		$ 6.7

Leases - Schedule of Lease Expe

Leases - Schedule of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Leases [Abstract]
Operating lease expense	$ 2,739	$ 5,382
Short-term lease expense	158	312
Variable lease expense	$ 206	$ 381

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Details) $ in Thousands	6 Months Ended
	Sep. 30, 2020USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 6,796
Operating lease assets obtained in exchange for new operating lease liabilities	$ 150

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Operating Leases, After Adoption of 842:
2021	$ 6,492
2022	11,415
2023	10,757
2024	9,804
2025	6,685
Thereafter	12,947
Total operating lease payments	58,100
Less: imputed interest	(10,972)
Total operating lease liabilities	$ 47,128
Capital Leases, Before Adoption of 842:
2021		$ 14,210
2022		11,663
2023		11,235
2024		10,864
2025		8,020
Thereafter		16,331
Total future contractual payments		$ 72,323

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2019shares	Sep. 30, 2020USD ($)shares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)shares	Sep. 30, 2019USD ($)participant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Effect of reorganization			$ 278,248		$ 278,248
Total unrecognized compensation cost		$ 57,700		$ 57,700
Stock compensation expense		14,831	$ 154,746	$ 27,503	$ 196,171
Management Incentive Units and Appreciation Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of participants impacted by the plan modification \| participant					306
Incremental stock compensation expense recognized from the plan modification					$ 145,300
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition				3 years 1 month 6 days
Stock compensation expense		4,400		$ 7,800
Unvested restricted stock and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		9,900		$ 18,700
Number of units granted (in shares) \| shares				1,242,824
Time-based restricted units \| Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) \| shares				1,207,824
Vesting percentage				25.00%
Award vesting period				1 year
Time-based restricted units \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage				75.00%
Award vesting period				3 years
Time-based restricted units \| Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) \| shares				35,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition				1 year 6 months
Number of units granted (in shares) \| shares				0
Total unrecognized compensation cost		$ 14,300		$ 14,300
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition		3 years
Number of units granted (in shares) \| shares				1,243,000
Total unrecognized compensation cost		$ 72,200		$ 72,200
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP offering period	6 months
ESPP purchase period	6 months
Employee Stock \| Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP, maximum percentage of the common stock available for purchase	85.00%
Equity Incentive Plan 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units authorized for issuance (in shares) \| shares	52,000,000	29,988,328		29,988,328
Annual increase in shares reserved for future issuance based off of shares outstanding	4.00%
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 500		$ 1,000
Total unrecognized compensation cost		$ 300		$ 300
2019 Employee Stock Purchase Plan \| Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units authorized for issuance (in shares) \| shares		8,899,464		8,899,464
Issuance of common stock related to employee stock purchase plan (in shares) \| shares				159,066

Share-based Compensation - Sche

Share-based Compensation - Schedule of Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares	Mar. 31, 2020USD ($)$ / sharesshares
Number of Options
Beginning balance (in shares) \| shares	7,147
Granted (in shares) \| shares	2,229
Exercised (in shares) \| shares	(302)
Forfeited (in shares) \| shares	(237)
Ending balance (in shares) \| shares	8,837	7,147
Options vested and exercisable at September 30, 2020 (in shares) \| shares	1,396
Weighted Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 16.26
Granted (in dollars per share) \| $ / shares	33.37
Exercised (in dollars per share) \| $ / shares	16
Forfeited (in dollars per share) \| $ / shares	16.96
Ending valance (in dollars per share) \| $ / shares	20.57	$ 16.26
Options vested and exercisable at September 30, 2020 (in dollars per share) \| $ / shares	$ 16.05
Weighted average remaining contractual term	9 years	9 years 3 months 18 days
Weighted average remaining contractual term, options vested and exercisable at June 30, 2020	8 years 9 months 18 days
Aggregate intrinsic value \| $	$ 180,799	$ 54,423
Aggregate intrinsic value, options vested and exercisable at September 30, 2020 \| $	$ 34,855
Restricted Stock
Number of Restricted Shares
Balance, March 31, 2020 (in shares) \| shares	1,984
Granted (in shares) \| shares	0
Vested (in shares) \| shares	(848)
Forfeited (in shares) \| shares	(96)
Balance, September 30, 2020 (in shares) \| shares	1,040	1,984
Weighted Average Grant Date Fair Value
Balance, March 31, 2020 (in dollars per share) \| $ / shares	$ 16
Granted (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	16
Forfeited (in dollars per share) \| $ / shares	16
Balance, September 30, 2020 (in dollars per share) \| $ / shares	$ 16	$ 16
Restricted Stock Units (RSUs)
Number of Restricted Shares
Balance, March 31, 2020 (in shares) \| shares	3,123
Granted (in shares) \| shares	1,243
Vested (in shares) \| shares	(806)
Forfeited (in shares) \| shares	(118)
Balance, September 30, 2020 (in shares) \| shares	3,442	3,123
Weighted Average Grant Date Fair Value
Balance, March 31, 2020 (in dollars per share) \| $ / shares	$ 16.39
Granted (in dollars per share) \| $ / shares	33.54
Vested (in dollars per share) \| $ / shares	16.06
Forfeited (in dollars per share) \| $ / shares	17.75
Balance, September 30, 2020 (in dollars per share) \| $ / shares	$ 22.62	$ 16.39

Share-based Compensation - Sc_2

Share-based Compensation - Schedule of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 14,831	$ 154,746	$ 27,503	$ 196,171
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	1,866	12,720	3,364	16,029
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	2,989	27,379	5,407	34,506
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	6,122	56,781	11,527	71,885
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 3,854	$ 57,866	$ 7,205	$ 73,751

Net Income (Loss) Per Share - N

Net Income (Loss) Per Share - Narrative (Details) - $ / shares	Aug. 01, 2019	Jul. 30, 2019
Subsidiary, Sale of Stock [Line Items]
Conversion of stock, conversion price (in dollars per share)		$ 16
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares sold and issued (in shares)	38,873,174
Sale of stock price per share (in dollars per share)	$ 16

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Summary of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss)	$ 17,479	$ (417,334)	$ 30,344	$ (466,489)
Denominator:
Weighted average shares outstanding, basic (in shares)	280,077	264,127	279,577	251,412
Dilutive effect of stock-based awards (in shares)	6,175	0	5,846	0
Weighted average shares outstanding, diluted (in shares)	286,252	264,127	285,423	251,412
Net income (loss) per share, basic (in dollars per share)	$ 0.06	$ (1.58)	$ 0.11	$ (1.86)
Net income (loss) per share, diluted (in dollars per share)	$ 0.06	$ (1.58)	$ 0.11	$ (1.86)

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	2,101	4,711	1,572	2,379
Unvested restricted stock and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	24	4,170	30	2,096
Shares committed under ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	0	0	0	0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
Related Party Transactions (Details) - USD ($)	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Affiliated Entity \| Financial And Management Advisory Services
Related Party Transaction [Line Items]
Transfers to related parties	$ 0	$ 400,000	$ 0	$ 1,600,000

Related Party Debt (Details)

Related Party Debt (Details) - Subordinated Debt - Subordinated Demand Promissory Notes - Affiliated Entity - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Apr. 01, 2015
Related Party Transaction [Line Items]
Debt instrument, face amount					$ 1,800,000,000
Interest expense	$ 0	$ 1,000,000	$ 0	$ 4,100,000

Geographic Information - Summar

Geographic Information - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 33,920	$ 31,508
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	12,245	11,296
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	20,064	18,590
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	1,577	1,564
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 34	$ 58