Overview
- Datadog beat Wall Street expectations, reporting $1.01 billion in revenue and $0.60 in adjusted earnings per share versus Zacks’ $956.9 million and $0.50 estimates.
- Executives pointed to brisk uptake of its monitoring and security tools as more customers build and run AI-powered software in the cloud.
- The company guided second-quarter revenue to $1.07 billion to $1.08 billion with adjusted EPS of $0.57 to $0.59.
- Datadog raised its full-year view to $4.30 billion to $4.34 billion in revenue and $2.36 to $2.44 in adjusted EPS, up from $4.06 billion to $4.10 billion and $2.08 to $2.16.
- Shares jumped nearly 29% in premarket trading after the beat and higher outlook.