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

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 as of June 30, 2024. Datadog's CEO, Olivier Pomel, highlighted the company's execution and customer growth, as well as the introduction of new products at the DASH 2024 user conference. The company also welcomed new executives Yanbing Li as Chief Product Officer and David Galloreese as Chief People Officer. Datadog provided guidance for the third quarter of 2024, expecting revenue between $660 million and $664 million, and for the full year, projecting revenue between $2.62 billion and $2.63 billion.