On November 7, 2024, Datadog, Inc., a monitoring and security platform for cloud applications, reported its financial results for the third quarter ending September 30, 2024. The company announced a 26% year-over-year revenue growth, reaching $690 million. Datadog also reported an increase in larger customers, with approximately 3,490 customers having an annual recurring revenue (ARR) of $100,000 or more, up from about 3,130 in the previous year. The company highlighted the general availability of Datadog Monitoring for Oracle Cloud Infrastructure as a significant development. GAAP operating income was $20 million with a margin of 3%, while non-GAAP operating income stood at $173 million with a margin of 25%. GAAP net income per diluted share was $0.14, and non-GAAP net income per diluted share was $0.46. The company's operating cash flow...Show More

On November 7, 2024, Datadog, Inc., a monitoring and security platform for cloud applications, reported its financial results for the third quarter ending September 30, 2024. The company announced a 26% year-over-year revenue growth, reaching $690 million. Datadog also reported an increase in larger customers, with approximately 3,490 customers having an annual recurring revenue (ARR) of $100,000 or more, up from about 3,130 in the previous year. The company highlighted the general availability of Datadog Monitoring for Oracle Cloud Infrastructure as a significant development. GAAP operating income was $20 million with a margin of 3%, while non-GAAP operating income stood at $173 million with a margin of 25%. GAAP net income per diluted share was $0.14, and non-GAAP net income per diluted share was $0.46. The company's operating cash flow was $229 million, with free cash flow of $204 million, and cash, cash equivalents, and marketable securities totaled $3.2 billion as of September 30, 2024. Datadog also provided guidance for the fourth quarter of 2024, expecting revenue between $709 million and $713 million, and for the full year, projecting revenue between $2.656 billion and $2.660 billion. The company's leadership in the industry was reinforced by being named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms and Digital Experience Monitoring.