Application performance analyzer and corresponding method

An application performance analyzer adapted to analyze the performance of one or more applications running on IT infrastructure, comprises: a data collection engine collecting performance metrics for one or more applications running on the IT infrastructure; an anomaly detection engine analyzing the performance metrics and detecting anomalies, i.e. performance metrics whose values deviate from historic values with a deviation that exceeds a predefined threshold; a correlation engine detecting dependencies between plural anomalies, and generating anomaly clusters, each anomaly cluster consisting of anomalies that are correlated through one or more of the dependencies; a ranking engine ranking anomalies within an anomaly cluster; and a source detection engine pinpointing a problem source from the lowest ranked anomaly in an anomaly cluster.