"Datadog's figures for this quarter yielded a very positive result: its share price rose by 23 percent. The company achieved a turnover of $885.7 million, an increase of 28 percent compared to a year earlier. Analysts had predicted $852.8 million. Adjusted earnings per share came in at 55 cents, compared to an expectation of 45 cents. Datadog serves 4,060 large customers, defined as parties that spend more than $100,000 per year on Datadog's solution. A total of around 28,000 organizations use the software."
"Datadog's largest customers, who spend more than $1 million annually, use an average of more than 150 integrations. Fifteen of these are what the company describes as "AI-native" companies. Read also: Datadog acquires Metaplane, a data problem-solver Datadog's digital experience tools grew to $300 million in annual recurring revenue. The security branch continues to accelerate, from over 40 percent in Q2 to over 50 percent in the third quarter. For the current quarter, Datadog expects revenue between $912 million and $916 million. For the whole of 2024, the expectation is between $3.386 billion and $3.39 billion."
Datadog posted revenue of $885.7 million, up 28% year-over-year, and adjusted EPS of $0.55 versus $0.45 expected. The company serves about 28,000 organizations, including 4,060 large customers spending over $100,000 annually, and its largest customers spend over $1 million and use more than 150 integrations on average. Datadog's digital experience tools reached $300 million in annual recurring revenue and security revenue growth accelerated from over 40% in Q2 to over 50% in Q3. Datadog guides Q4 revenue of $912–916 million and full-year 2024 revenue of $3.386–3.39 billion. Appian's revenue rose 21% to $187 million, with cloud subscriptions of $113.6 million. Informatica and CyberArk are reportedly on the verge of acquisition.
Read at Techzine Global
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