Business
Datadog Announces Fourth Quarter and Full Year 2019 Results
Fourth quarter revenue grew 85% year-over-year to $114 million Strong growth of larger customers, with 858 $100k+ ARR customers versus 453 a year-ago
About this update from Datadog, Inc.
[{"type":"text","content":"Fourth quarter revenue grew 85% year-over-year to $114 million\n Strong growth of larger customers, with 858 $100k+ ARR customers versus 453 a year-ago Announced Security Monitoring to break the silos between security, dev, and ops Launched Network Performance Monitoring and Real User Monitoring NEW YORK, Feb. 13, 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 fourth quarter ended December 31, 2019. “We are very pleased with our fourth quarter performance, which was highlighted by 85% year-over-year revenue growth, and very strong platform adoption,” said Olivier Pomel, co-founder and CEO of Datadog. “The quarter closes an excellent year, in which we generated 83% revenue growth and approximately breakeven free cash flow. We are delivering very strong growth at scale, and have demonstrated robust operating efficiencies.” Pomel added, “Datadog has established itself as the leading monitoring and analytics platform. We accelerated our pace of innovation throughout 2019, including the fourth quarter announcement of Security Monitoring to break down the silos between developer, operations, and security teams. We are proud of what we have accomplished this year and remain committed to delivering continued innovation to solve our customer pain points.” Fourth Quarter 2019 Financial Highlights: Revenue was $113.6 million, an increase of 85% year-over-year.GAAP operating loss was $(2.3) million; GAAP operating margin was (2.0)%.Non-GAAP operating income was $7.0 million; non-GAAP operating margin was 6.1%.GAAP net income per diluted share was $0.00; non-GAAP net income per diluted share was $0.03.Operating cash flow was $17.4 million, with free cash flow of $10.9 million.Cash, cash equivalents, restricted cash, and marketable securities were $777.9 million as of December 31, 2019. Full Year 2019 Financial Highlights: Revenue was $362.8 million, an increase of 83% year-over-year.GAAP operating loss was $(20.1) million; GAAP operating margin was (5.6)%.Non-GAAP operating loss was $(5.4) million; non-GAAP operating margin was (1.5)%.GAAP net loss per diluted share was $(0.12); non-GAAP net loss per diluted share was $(0.01).Operating cash flow was $24.2 million, with free cash flow ...