Dynatrace Q1 Earnings Outshine Peers, Fastly Achieves Biggest Analyst Estimates Beat

Dynatrace (NYSE:DT) reported Q1 revenues of $445.2 million, up 16.9% YoY, exceeding analysts' expectations by 2.4%. The company had a strong quarter, with EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. Fastly (NYSE:FSLY) reported revenues of $144.5 million, up 8.2% YoY, outperforming analysts' expectations by 4.8%. The software development stocks have performed well, with share prices up 16% on average since the latest earnings results.