
Dynatrace: Fiscal Q4 Earnings Snapshot
WALTHAM, Mass. — WALTHAM, Mass. — Dynatrace Inc. (DT) on Wednesday reported fiscal fourth-quarter earnings of $39.3 million.
The Waltham, Massachusetts-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Hospital payments feature in new Senate spending bill
BOSTON (SHNS) – The Senate next Wednesday plans to vote on a $532 million budget bill that delivers more than $340 million for hospitals and community health centers and additional aid for elder home care services and rental assistance, while creating a fund to expand artwork in Senate quarters within the State House. The Senate Ways and Means Committee, which has now opted to pursue a trio of incremental spending packages based on Gov. Maura Healey's $756 million spending request from April 2, polled the bill Thursday morning and the Senate agreed to take it up on Wednesday, with amendments due by Monday afternoon. The package (S 2529) contains $174 million for payments to 'fiscally strained acute care hospitals' and $35 million for payments to 'fiscally strained community health centers.' Another big item in the bill is $134.5 million for the Medical Assistance Trust Fund, which provides payments to acute care hospitals that deliver a large percentage of their services to MassHealth members, according to the Mass. Taxpayers Foundation. The bill steers funds to dozens of accounts that were underfunded in the fiscal 2025 annual budget. Elder care providers, who have sought more money to keep up with demand for basic and intensive home care services, would receive $60 million. Other outlays in the bill are $42.9 million for the Residential Assistance for Families in Transition program, $15.5 million to replace electronic benefits cards, $10 million for grants to municipalities to cover 'extraordinary emergency medical service costs,' $4.2 million for the State Police Crime Laboratory, $5.8 million for veterans' benefits, $28.9 million for settlements and judgements, and $400,000 for Women, Infants and Children program manufacturer rebates. Healey in May signed two supplemental budgets stemming from Healey's filing. Those bills delivered $190 million to ensure child care providers serving low-income families would continue to get paid in June, and $240 million to rescue the budget of the state commission that administers public employee health insurance. The latest supplemental budget also looks to expand the authority of the secretary of the Executive Office of Aging and Independence to transfer funds between accounts, create a task force to review and make recommendations about the Health Safety Net Trust Fund, establish the Office of the Inspector General Recovery Fund, and launch a Senate Artistic Upgrade and Representation Fund, according to a summary. 'The Senate is committed to preserving the historic spaces it occupies in the State House and believes in the importance of increasing the visibility of underrepresented groups through the artworks visible in this working museum,' Senate Ways and Means Committee spokesperson Sean Fitzgerald said in a statement. 'The Senate is planning on adding two new sculptures to the Senate Chamber to commemorate the contributions of women and people of color to the history of the Commonwealth.' According to the bill, the fund will be administered by the Senate's chief financial officer and may be used in connection with 'upgrading and restoring historical and artistic qualities of quarters in the state house used by the members of the senate and its employees. The current Senate CFO is William Rinaldi. Another policy section, mirroring language in Healey's bill, allows pharmacies operated by the Department of Public Health to distribute medication abortion, including from the state's stockpile of mifepristone, Fitzgerald said. He said the provision would 'effectuate the intent' of Healey's 2023 executive order protecting access to medication abortion. The governor's order, which affirmed the 2022 abortion shield law and was issued in response to a federal court in Texas suspending FDA approval of mifepristone, sought to ensure that providers and pharmacists could continue stocking and dispensing the pills. It also sought to protect providers and patients from criminal and civil charges. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
Were Boise homeowners illegally taxed? Idaho Supreme Court to weigh in
The curtains are closing on a long-running legal battle over Boise's Harris Ranch neighborhood. Since 2021, residents have gathered and fought the area's Boise-based developer and the city of Boise over a special taxing district they say is unlawful and unfair. Both sides presented oral arguments June 9 to the Idaho Supreme Court and now await a decision that could come in weeks. Or, more likely, months. The homeowners say the special taxing district, called a community infrastructure district, forced them to unfairly foot the bill for $22 million in payments to the developer of Harris Ranch in October 2021. Barber Valley Development, which is building the Boise neighborhood on behalf of the Harris Family Limited Partnership, rejected the claims that the payments were illegal and argued that they have followed the rules outlined by the Idaho Legislature. The Legislature permitted community infrastructure districts in 2008 with the hope that they could help make growth pay for itself. In such a district, homeowners pay extra taxes for local public improvements like roads and roundabouts. In theory, this means that a resident of the Boise Bench or North End wouldn't be forced to pay higher taxes for things they wouldn't need or use such as sewer lines. Led by residents Larry Crowley and Bill Doyle, the homeowners with the Harris Ranch CID Taxpayers Association say the district made them pay up to 40% higher taxes than those outside the district — including homes across their street that were intentionally cut out of the district boundaries. An Ada County judge threw out all 16 of the homeowners' arguments in April 2023. The homeowners appealed to the state's highest court almost five months later. 'It's been a lengthy effort,' Crowley said by phone after Monday's oral arguments. 'We've done our part, now it's in their court.' Crowley said that they were hopeful that there could be some relief coming for homeowners, but that he was proud of the work the community had done. 'It's been in many ways a very humbling experience,' Crowley said. 'We're just really thankful for the opportunity to get to this point.' Doug Fowler, the president of Barber Valley Development, said that he was looking forward to putting the legal issues behind him and continuing to build out the neighborhood, some of which has been paused amid the court battle. After chiding both sides for using confidential information from an accidental email in their arguments, the Supreme Court justices grilled lawyers representing the homeowners, the city and Barber Valley Development. They poked holes in arguments, seemed to cast doubt on both sides and tested the boundaries of an issue that has never been litigated before. Though the lawyers and justices touched on several topics on the sprawling lawsuit's one-hour oral argument, possibly the most poignant was whether the district was formed correctly in 2010 and whether that issue could be used in arguments. Nicholas Warden, the attorney for the neighbors, argued that the district was created by the vote of a single resident on land outside the district who would never need to pay the extra taxes. No one who would eventually pay the taxes took part in the vote. This, Warden said, should invalidate the $22 million payment in 2021 because the creation of the bonds required approval by a supermajority of residents. 'Our position is that an assent of a supermajority requires at least one person, in other words more than none, of the people who are going to pay the tax to vote on it,' Warden said. 'That could easily have occurred in this place.' Justice Greg Moeller said there are plenty of cases where people may buy a house, move in and need to pay into something like a school bond or mosquito abatement district even if they hadn't voted for it. The homeowners, he said, bought their homes knowing of the district. 'I understand why they're unhappy with this,' Moeller said. 'But it's not unusual for people to buy land in a district with restrictions that they're helpless to change by the time they move in.' Melodie McQuade, an attorney with Boise's Givens Pursley law firm representing the infrastructure district, said there was no evidence that the vote was illegal, and the creation of the district wasn't up for debate in the case. 'The plaintiffs want to challenge the formation of the district and then multiple decisions that have been made over the past several years,' McQuade said. 'You can't reach back that far.' A key moment came when Moeller asked McQuade if the infrastructure district could be considered a legal form of taxation without representation — an argument that Crowley and Doyle have made since they first sued. 'I don't believe so,' McQuade said. 'I believe this is a mechanism for infrastructure to be paid for in perhaps a slightly different way than if the developer baked it into the lot costs.' Moeller said that it seemed as if it could be a way to hide who voted for tax increases and would prevent them from being able to hold anybody accountable. 'My best answer to that, conceptually, is that it shouldn't be disqualifying that a small group of people would vote to create the district,' McQuade said. 'It's not surprising that these big pieces of land would have very few voters, because they're all owned by maybe even one family.' A new law was supposed to help emergency services handle growth. It isn't working As Boise builds up, Eagle tees up density restrictions with little public input Boise to welcome 'crown jewel' of hotels on Grove Street. What's coming? A Christian college wants to build apartments in Garden City. Neighbors are mad

Yahoo
an hour ago
- Yahoo
Developers seek to build 750 affordable rentals in Kapolei
A master-planned community long envisioned for Kapolei could begin to take shape early next year with initial homes that help ease Oahu's short supply of affordable rental housing. Developers of the roughly 500-acre project known as Kapolei West between the City of Kapolei and Ko Olina Resort &Marina have advanced plans to produce an initial 17-acre subdivision of 750 rental apartments that would be affordable in perpetuity to households with low and moderate incomes. Affiliates of Utah-based firm The Wasatch Group are aiming to start construction in February and finish homes in four phases from August 2027 to July 2028. 'We're very excited about getting going, ' said Kip Sheppard, head of Wasatch affiliate Laulima Affordable Housing LLC developing the 750-unit project to be named Aloha Aina. 'It's been a long time coming.' Aloha Aina's four phases involve 70 units for low-income seniors, 180 units for low-income families and two phases with a combined 500 units for moderate-income households. The first phase, according to Sheppard, could either be the piece for seniors or 236 units for moderate-income households, depending on whether low-cost financing can be obtained from the state later this year. Two pools, community gardens, two clubhouses and residential units in eight buildings rising up to six stories are part of the Aloha Aina project, which is expected to cost $447 million and would provide tenants with the lowest utility rates of any West Oahu community due in part to photovoltaic power and construction materials, according to the developer. If successful, Wasatch will start forming an initial piece of Kapolei West that was first envisioned more than 30 years ago and was previously pursued by multiple developers. The property for decades was among thousands of acres of sugarcane plantation lands in the area owned by Campbell Estate programmed to become part of Kapolei as Oahu's secondary urban center. An original version of the community later dubbed Kapolei West by the estate was proposed in 1991 by Ko Olina's initial developer Herbert Horita, who had an option to buy the roughly 500-acre site bordering the resort. Horita's plan was to produce 3, 500 homes around a second golf course for the resort. But development of Ko Olina stalled under Horita due to the bursting of the Japanese investment bubble followed by an economic downturn in Hawaii that lasted for most of the 1990s. In 2001 developer Jeff Stone, who with partners acquired the then-mostly undeveloped resort in 1998, announced plans to purchase 324 acres of the Kapolei West site to produce Seaside at Kapolei with 2, 900 homes, a golf course and a 33-acre commercial center. Financing challenges in the wake of the Sept. 11, 2001, terrorist attacks derailed Stone's plan. An affiliate of Campbell Estate's successor, James Campbell Co., several years later obtained land-use and zoning approvals for Kapolei West allowing up to 2, 500 homes, a 23-acre regional mall, a golf course and 25 acres of park space. In 2016 a Chinese company paid Campbell Co. $103 million for the Kapolei West site. But China Oceanwide Holdings Ltd. failed to develop the land amid a Chinese-government clampdown on overseas investment, and in 2022 sold the property to Wasatch for $75 million, according to property records. As part of land-use approvals, the property owner is required to make 30 % of all homes affordable to low and moderate-income households, with 10 % being affordable to households earning no more than 80 % of the median income and 20 % affordable to households earning no more than 120 % of the median income. Aloha Aina would satisfy this requirement, though Wasatch is aiming to make its 10 % share, or 250 homes, affordable to households earning no more than 60 % of the median income, including 18 reserved for households earning half that. Apartments throughout Aloha Aina mostly will range in size from 606 to 1, 218 square feet with one, two or three bedrooms in addition to a half-dozen, 493-square-foot studios. Maximum monthly rents for tenants earning up to 60 % of the median income can be $1, 596 for studios, $1, 710 for one-bedroom units, $2, 052 for two-bedroom units and $2, 371 for three-bedroom units under state guidelines. The income level this year equates to $63, 840 for a single person, $72, 960 for a couple and $91, 200 for a family of four. The other 500 units could have tenants earning up to twice as much, or $127, 680 for a single person, $145, 920 for a couple and $182, 400 for a family of four. Corresponding maximum monthly rents could range from $3, 192 for a studio up to $4, 743 for a three-bedroom apartment. To finance the 250 low-income apartments, Aloha Aina's developer has applied for about $130 million in combined tax-free bond financing, a low-interest loan and tax credits from the Hawaii Housing Finance and Development Corp., a state agency that helps finance affordable housing. Such financing is awarded to developers on a competitive basis. If Wasatch's application is approved, the developer intends to proceed first with the 70 units for low-income seniors to be called Maluhia followed by the 180 units for low-income families to be named The Hoku. The developer also is seeking exemptions from having to pay certain city fees estimated to total about $4.4 million, including a $2 million wastewater system charge, $1.3 million in building permit fees and a $933, 750 road improvement fee. HHFDC has yet to act on the developer's applications. If the requested financing is not approved this year, Wasatch intends to proceed first with the moderate-income portions of the project.