us Michael. Thanks, of you to joining all start I'd thanking for today. like And by
quarter, pleased total I'm second XX% $XXX line platform financial of a and in up by with guidance. company's robust increased results million, our pleased ARR the very which are up were our especially quarter resulted better that performance making XX% ago. from to the now with line XX% ARR, new Dynatrace We top bottom year-on-year a than in and
Fueled growth revenue we measure ARR subscription XX% plus our P&L, by growth continued increased see what by last up strong year-over-year, on the in services XX% of our best quarter. as from
new ability business Dynatrace we increased minutes. growing that As be rapidly in the optimism adopted in outlook we quarter, continues Kevin customers, are This proving top line few we enterprise our new of is reflected each platform optimistic look ahead, a our base. by within will detail the to remain about and number customer our growing as expand guidance a to
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in me fiscal our Let four turn to made QX. now major advancements
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selected monitoring They includes only could are in customer cost it as that applications. looking context how them the number call the the performance show they've center of a insurer application Dynatrace determined new go-to-market that degradations performance that their the leveraging of operations. impacted solutions, cloud multi-cloud After was and a of and outages environment at platform
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our the driven are of early deploying we application of platform customers is most innings by As Dynatrace adoption, in our new still into expansion stacks.
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addition, recognize of platform additional the see adoption power as platform beginning also to broader our we're In capabilities. modules of increased customers
products of a completed just one purchase land seven-figure platform. Dynatrace meaningful initial example U.S. A many customer the company expansions based that quarter. an expansion after the share their five After of bad me the a during Let consumer of months missed supplier, its X gen quarter for of the transition licenses previous cloud, who in set calendar the player enterprise a company their an of to second initial the initial this running applications with experience in Azure. for year acquired Dynatrace the market large
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optimization a than investment for cloud six calculated company alone, on the savings the Based Dynatrace months. payback of less
broader only front, On Classic $XX million from of now company a Dynatrace APM intelligence the and continued our to base accelerate. total to software customer Classic the has ago conversion the platform, million ARR quarter now declined represents conversions movement ARR. to down of $XX XX%
discussed, ARR we we've convert. As ago earnest to started quarters approximately this million in program in X with $XXX conversion
been in because virtually Classic base to new our enterprise We've has moving customer every new the successful initiatives. company cloud Dynatrace platform
a one product simply are new version. to from upgrading not set We
perpetual a involve licensing cloud stack legacy conversions Our from and shift new move a environments typically subscriptions. stacks to to more predictable from
cloud. yields new of and their models, go-forward-growth more licensing more While segment stack it transition to strategic find business, it time buyers enterprise their much in valuable a takes the customer
spending a over the perspective transitioned worth well we've added the sales we effort believe business time have our long-term We on near-term and is own been sustainable drive and growth as it to predictability.
to and as brick-and-mortar of customer retailer Dynatrace multiple this platform the of their converting past Fortune initiative. As quarter, of mid-X-figure plenty customer, an product time Classic to XXX a cloud a expand a to opportunity example intelligence convert set they over the figures grow with in software signed seven contract our
came digital customer data But center in-house-developed the well needs urgency their on from current run had as a a our their changed. was traditional third-party-developed to transitioned offering company a to classic enterprise new serving change when cloud. board and prioritized in The and new applications rapidly Previously, applications. applications low in transformation, for quickly enterprise urgency run needs management
large requirements stack: applications it invaluable up experience. running user stack all perfectly, layers in the company infrastructure, new at very of the proved and and e-commerce environment fit quickly only a hybrid to the not and across network, successfully Dynatrace getting cloud
continues meet enterprise many as demand to cloud. underlying The from install, and chat more the to and in-product stack, transformation that company transitions grow. and frame every to enabled story company baselining time like it tight illustrate company for a applications and Dynatrace new becomes old this a for enable self-learning Dynatrace platform's This automatic new to its software for the implementation stack
two four believe pleased reasons. process over we us very is through are particularly halfway next quarters. are that process will conversion over We exciting for the for and substantially complete This this we the
First, they ability broader on platform. expand we've are proven the with our rapidly once to Dynatrace customers
the as the believe of completion customers organization we further improve conversion and refocus across end this will use they can more them sales and distractions the applications second, new on of landing extending more and cases. process our And productivity
Dynatrace our to all-in-one Let incent to which we further the will to this module we Dynatrace to Analytics. and our Digital Dynatrace. customers expansion new me Classic month, ability existing expand Earlier of customers, purpose-built platform an itself, highlighting finish convert new platform, by improve believe Business win with announced important customers the
revenue about infrastructure measure outcomes applications by experience, and is business It's metrics, rates, assuring increased loyalty. not user adopting or enhanced brand and about cloud conversion traces. simply Monitoring logs by better
human With as And best-in-class degradations with determination Analytics, analytic revenue platform with by connects core page the users abandonment our action impacted. revenue delivery that Analytics answers issues now anomalies such Digital so cloud precise instantly path at surfaces chain Davis, geography, with and infrastructure product can to entire powerful by the key more. segmentation resolve to application before conversion and Digital observability be across business problem AI Dynatrace rates, or are engine, data of our rapidly Business taken rates Dynatrace and and Business and by channel,
including of billing shipping insights, real as how impacted performance. and by A retailer shared such fashion are customers how today, get They adopter to able application review, functionality using business been publicly outlets. have our are checkout in-cart, number outcomes time they've and product early this and
of with closer team Dynatrace outcome business the changed user provides to to journeys, and as, Don underlying this optimize improved the work, with experience answers summarized has manager outcomes. working rates. conversion team them merchandising the Talbots' drive now affecting of support, other we parts e-commerce to enabling operations Hall, our business the how improve user and issues
pull scale are of working business as extend enterprise still to we together are higher to our delivered the capabilities full-stack observability intelligence full-stack platform. we and software of others observability, four levels value ago ahead years at While moving
next the over adoption initial complete build integrations further analytics We're time, to defined Over reception about several adjacent Analytics enter total several plan billion billion market we business Gartner. and analytics addressable and extend by Digital analytics Business new of as we the players and out module, our market by to $XX quarters. and dollars of business believe analytic we this excited will as a business the intelligence set with
existing modules In well. new addition Dynatrace to continue to platform, platform adding capabilities as we to the extend
in capacity for including the clustering brought a which most And we powerful now limits. or to also cluster. Dynatrace per tracing the a doubling of of to hosts clusters, One distributed cluster, of market QX XX,XXX support without cross-cluster of scalability was scales added
just enterprises to environments, workloads. highly static with shift a data are which of commonplace architectures couple novelty microservices ago, as centers multi-cloud on-premise a Web-scale becoming years distributed were dynamic from
to without enjoying a customers rapidly our financial e-commerce world-class five engineering bar of and reimagined are architects ago. tribute high-fidelity technology for the number observability, his Greifeneder, software to It compromising raise and at Bernd from And smart really intelligence. our years CTO A and our environments architecture is Founder, services, largest the scale. next-generation he led continue scaling automation Dynatrace healthcare, key by we real-time intelligence and and
strong. our across performance summary, key execution in our remain indicators So,
against consistently are all business We cloud competitors. winning new
continue to customers of platform. track rapidly a on Dynatrace expanding on record once build with are the they We
our our growing platform. run deliver as ahead product continues We customers innovation differentiated on plan to just I Dynatrace the enterprise to described, customer value continue And base. of highly engine on to for moving Classic
you. conclude, I great world-class around more a from and product rapidly blessed just the me Before market We've Thoma that stewardship than makes a It's assemble growing with let been the company. also Bravo. that team say exceptional sustainable it's you
invaluable success. and support been counsel, our guidance to Your have
members, shift Capone, As added will the outside board At Lifshatz, both guidance outside CFO role of prior independent that, to Board Mike Qlik, we and accomplished Lytx, IPO, members. forward, time to governance go CEO of and we of and Steve businessmen counsel, Fleetmatics; two directors. and and of
and HubSpot our to Board. added board as Carbon served Black among the Ward others. on Adaptive We She Jill also serves and a recently of of Director Insights,
success shareholders as ongoing for and to value employees. our I our and look our we customers, their drive forward contributions
me review let over With Kevin? Kevin to our that, call a turn financials. Burns for of the
