08:11 AM EDT, 05/15/2024 (MT Newswires) -- (Updates with share buyback plan details in headline and 7th paragraph, latest stock move in the last paragraph.)

Dynatrace ( DT ) reported fiscal Q4 non-GAAP earnings Wednesday of $0.30 per diluted share, down from $0.31 a year earlier.

Analysts polled by Capital IQ expected $0.27.

Revenue for the quarter ended March 31 was $380.8 million compared with $314.5 million a year earlier.

Analysts surveyed by Capital IQ expected $375.5 million.

The company said it expects fiscal Q1 non-GAAP earnings of $0.29 to $0.30 per diluted share and $391 million to $393 million in revenue. Analysts polled by Capital IQ expect $0.30 per share on revenue of $393.5 million.

For fiscal year 2025, Dynatrace ( DT ) said it expects non-GAAP earnings of $1.26 to $1.29 per diluted share and $1.64 billion to $1.66 billion in revenue. Analysts surveyed by Capital IQ expect $1.31 per share on revenue of $1.68 billion.

Additionally, the security platform provider said its board approved an up to $500 million share buyback plan.

Shares of Dynatrace ( DT ) were up nearly 5% in recent Wednesday premarket activity.

Price: 48.70, Change: +2.27, Percent Change: +4.89