Datadog, Inc. - $DDOG STOCK NEWS

Datadog, Inc. announced its first quarter 2024 financial results, showing a 27% year-over-year revenue growth to $611 million. The company reported strong growth in larger customers, with about 3,340 $100k+ ARR customers, up from about 2,910 a year ago. Datadog also announced the general availability of Bits AI for Incident Management, Event Management, Error Tracking for Logs, and Mobile App Testing. The company's GAAP operating income was $12 million with a 2% margin, while non-GAAP operating income was $164 million with a 27% margin. Datadog's first quarter ended with cash, cash equivalents, and marketable securities of $2.8 billion. The company shared second quarter and full-year 2024 outlooks, with revenue projections and non-GAAP net income per share estimates.

Datadog, Inc. (NASDAQ: DDOG) has launched IT Event Management to enhance its AIOps capabilities, reducing alert fatigue and helping teams remediate issues using AI-powered event correlation. The new capabilities consolidate, correlate, and enrich alert events and signals from Datadog and third-party observability tools, providing a unified view. This helps teams prioritize issues, identify service owners, and discover root causes efficiently, ultimately improving service availability in complex IT environments.

Datadog's State of DevSecOps 2024 Report reveals that many organizations are not fully embracing automation for securing cloud deployments. The report highlights the importance of DevOps practices in improving security outcomes, while also shedding light on the challenges and vulnerabilities faced by organizations in their cloud environments.

Datadog, Inc. (DDOG) will report its first quarter fiscal year 2024 financial results on May 7, 2024. The company will host a conference call to discuss the results and financial guidance.

Datadog, Inc. (DDOG) receives Google Cloud Technology Partner of the Year awards for AppDev - CloudOps and Marketplace - Infrastructure at Google Cloud Next event. This marks the second consecutive year of recognition, showcasing Datadog's commitment to providing real-time observability and security for Google Cloud environments.

Datadog, Inc. announces the opening of registration for DASH, its seventh annual conference featuring customers like Snowflake and HashiCorp. Azeem Azhar, renowned technology analyst, will speak at the event on the impact of technology and AI on the future economy.

Datadog, Inc. (DDOG) to present at Morgan Stanley TMT Conference on March 5, 2024. Webcast available on investor relations website.

Datadog, Inc. (DDOG) reported a 26% year-over-year revenue growth in the fourth quarter, reaching $590 million. The company saw a significant increase in larger customers, with 396 $1 million+ ARR customers, up from 317 in the previous year. CEO Olivier Pomel highlighted the strong financial performance, including $660 million in operating cash flow and $598 million in free cash flow for fiscal year 2023.

Datadog, Inc. (NASDAQ: DDOG) has appointed Sara Varni as Chief Marketing Officer (CMO), bringing over 15 years of marketing experience in enterprise software products. Varni's leadership will focus on leveraging customer feedback to build and market high-performing products. With a strong background in product engineering and technology, Varni aims to drive the company's growth and success by meeting developers' needs and doubling down on what has made Datadog successful.