Summary by Moomoo AI
On August 8, 2024, Datadog, Inc., a monitoring and security platform for cloud applications, reported its financial results for the second quarter ended June 30, 2024. The company announced a 27% year-over-year revenue growth, reaching $645 million. The growth was attributed to an increase in customers with an Annual Recurring Revenue (ARR) of $100,000 or more, which rose to approximately 3,390, up from 2,990 a year prior. Datadog's GAAP operating income was $13 million with a margin of 2%, while non-GAAP operating income stood at $158 million with a margin of 24%. The company also reported GAAP and non-GAAP net income per diluted share of $0.12 and $0.43, respectively. Operating cash flow was strong at $164 million, with free cash flow of $144 million, and cash reserves including marketable securities totaled $3.0 billion...Show More
