Net Income (Loss) Per Share

3 Months Ended

Jun. 30, 2020

On August 1, 2019, the Company completed its IPO in which the Company issued and sold 38,873,174 shares of common stock at a price to the public of $16.00 per share. These shares are included in the common stock outstanding as of that date.

For the three months ended June 30, 2019, basic and diluted net income (loss) per share have been retrospectively adjusted to reflect the conversion of equity in connection with the reorganization transactions described in Note 2. Basic and diluted net income (loss) per share was derived from a unit conversion factor of $16.00 per share as determined by the board of managers of Dynatrace Holdings LLC on July 30, 2019.

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data):



	Three Months Ended June 30,
	2020		2019
Numerator:
Net income (loss)	$	12,865	$	(49,155	)
Denominator:
Weighted average shares outstanding, basic	279,069		237,693
Dilutive effect of stock-based awards	5,240		—
Weighted average shares outstanding, diluted	284,309		237,693

Net income (loss) per share, basic	$	0.05	$	(0.21	)
Net income (loss) per share, diluted	$	0.05	$	(0.21	)

The effect of certain common share equivalents were excluded from the computation of weighted average diluted shares outstanding for the three months ended June 30, 2020 and 2019 as inclusion would have resulted in anti-dilution. A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands):



	Three Months Ended June 30,
	2020	2019
Stock options	1,200	—
Unvested restricted stock and RSUs	3	—
Shares committed under ESPP	61	—
Unvested equity awards	—	4,998