Business
Datadog Announces First Quarter Results
First quarter revenue grew 87% year-over-year to $131 million Strong growth of larger customers, with 960 $100k+ ARR customers versus 508 a year ago Launched
About this update from Datadog, Inc.
[{"type":"text","content":"First quarter revenue grew 87% year-over-year to $131 million\n Strong growth of larger customers, with 960 $100k+ ARR customers versus 508 a year ago Launched Security Monitoring to break down the silos between security, dev, and ops Surpassed 400 out-of-the-box supported integrations NEW YORK, May 11, 2020 (GLOBE NEWSWIRE) -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced financial results for its first quarter ended March 31, 2020. “We are very pleased with our first quarter performance, in which we delivered 87% year-over-year revenue growth,” said Olivier Pomel, co-founder and CEO of Datadog. “We continue to deliver innovation to our customers, including the recent launch of our Security Monitoring product, as well as surpassing over 400 supported integrations.” Pomel added, “In response to the COVID-19 pandemic, we are focused on ensuring the safety of our employees, continuing to best serve our customers, and investing in our platform. This crisis has demonstrated the need to be digital-first and agile, has underscored the importance of observability into cloud environments, and reaffirmed the long-term opportunity for Datadog.” First Quarter 2020 Financial Highlights: •Revenue was $131.2 million, an increase of 87% year-over-year. •GAAP operating income was $3.8 million; GAAP operating margin was 2.9%. •Non-GAAP operating income was $16.1 million; non-GAAP operating margin was 12.3%. •GAAP net income per diluted share was $0.02; non-GAAP net income per diluted share was $0.06. •Operating cash flow was $24.3 million, with free cash flow of $19.3 million. •Cash, cash equivalents, restricted cash, and marketable securities were $798.5 million as of March 31, 2020. First Quarter & Recent Business Highlights: •As of March 31, 2020, we had 960 customers with ARR of $100,000 or more, an increase of 89% from 508 as of March 31, 2019. •Launched the general availability of Security Monitoring, to provide unified visibility across security, dev, and ops teams. Our differentiated approach provides turn-key Detection Rules to flag attacks or misconfigurations, adds context-rich Security Signals to identify trends over time, and detects threats in real time across the full stream of ingested data at a fraction of the cost of tr...