Dynatrace climbs after beat-and-raise quarter, $1 billion stock buyback

Shares of software firm Dynatrace DT.N up 5.8% at $35.67 after Q3 results beat estimates

Co raises FY26 revenue forecast; now estimates it between $2.005 billion and $2.010 billion, from $1.985 billion to $1.995 billion earlier

Announces new $1 billion share repurchase plan

Reports a 16% rise in annual recurring revenue (ARR) to $1.97 billion in Q3

Brokerage BTIG notes the co has had three consecutive quarters of more than 10% net new ARR growth, expects a fourth

Stock fell nearly 44% in the past year