12:38 PM EDT, 08/07/2024 (MT Newswires) -- (Updates to add the stock movement in the headline and the first paragraph.)

Dynatrace ( DT ) shares surged nearly 15% in recent trading Wednesday after the company posted higher fiscal Q1 results.

The company reported fiscal Q1 adjusted earnings of $0.33 per diluted share, up from $0.27 a year earlier.

Analysts polled by Capital IQ expected $0.29.

Revenue for the quarter ended June 30 was $399.2 million, compared with $332.9 million a year earlier.

Analysts surveyed by Capital IQ expected $392.4 million.

For fiscal Q2, the company said it expects adjusted earnings of $0.32 to $0.33 per diluted share on revenue of $404 million to $407 million. Analysts surveyed by Capital IQ expect normalized earnings of $0.32 per share on revenue of 405.8 million.

Dynatrace ( DT ) also said it continues to expect fiscal 2025 adjusted earnings of $1.26 to $1.29 per diluted share on revenue of $1.64 billion to $1.66 billion. Analysts surveyed by Capital IQ expect normalized earnings of $1.28 per share on revenue of $1.66 billion.

Price: 46.42, Change: +5.93, Percent Change: +14.65