Datadog Inc

DDOG

Equity

ISIN US23804L1035 / Valor 49718937

NASDAQ (2024-11-22)

USD 154.83+7.63%

Datadog Inc
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About company

Datadog Inc is a SaaS platform that offers integrated infrastructure monitoring, application performance monitoring, log management, and real-user monitoring services to provide real-time observability and security for organizations of all sizes across various industries. The platform enables digital transformation, cloud migration, collaboration among different teams, faster application deployment, quicker problem resolution, application and infrastructure security, user behavior analysis, and tracking of key business metrics. Founded by Alexis Lê-Quôc and Olivier Pomel, who have extensive experience in software engineering and technology, Datadog focuses on technical elegance and operational efficiency to meet the monitoring needs of its customers.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Datadog Inc. reported a revenue of $645 million for the second quarter of 2024, marking a 27% increase year-over-year. This growth highlights the company's expanding market presence and successful customer acquisition strategies.

Operating Income

For the second quarter of 2024, Datadog Inc. achieved a GAAP operating income of $13 million, translating to a GAAP operating margin of 2%. On a non-GAAP basis, the operating income was significantly higher at $158 million, with a non-GAAP operating margin of 24%.

Net Income Per Share

Datadog Inc. reported a GAAP net income per diluted share of $0.12 for the second quarter of 2024. On a non-GAAP basis, the net income per diluted share was $0.43, reflecting the company's strong financial performance and profitability.

Customer Growth

As of June 30, 2024, Datadog Inc. had approximately 3,390 customers with an annual recurring revenue (ARR) of $100,000 or more. This represents a 13% increase from about 2,990 such customers a year ago, indicating robust customer growth and retention.

Financial Outlook

For the third quarter of 2024, Datadog Inc. projects revenue between $660 million and $664 million. The company also anticipates a non-GAAP operating income between $146 million and $150 million, and a non-GAAP net income per share between $0.38 and $0.40, assuming approximately 360 million weighted average diluted shares outstanding.

Summarized from source with an LLMView Source

Key figures

38.1%1Y

-14.3%3Y

277%5Y

Performance

34.8%1Y

59.3%3Y

58.8%5Y

Volatility