Summary by Moomoo AI
Datadog, a leading observability and security platform for cloud applications, reported a robust financial performance in its latest quarterly results. The company's revenue for the quarter ending September 30, 2024, was $690.0 million, a significant increase from $547.5 million in the same quarter the previous year, marking a 26% year-over-year growth. Net income also saw a substantial rise, reaching $51.7 million compared to $22.6 million in the prior year's quarter. Operating cash flow and free cash flow for the nine months ended September 30, 2024, were $605.4 million and $534.1 million, respectively, showing strong growth from the previous year. Datadog's business development continues to thrive with a customer base growth to approximately 29,200 as of September 30, 2024, up from 26,800 in the previous year. The company's land-and...Show More
