Business
Datadog Announces Third Quarter Results
Third quarter revenue grew 61% year-over-year to $155 million Strong growth of larger customers, with 1,107 $100k+ ARR customers, up from 727 a year ago
About this update from Datadog, Inc.
[{"type":"text","content":"Third quarter revenue grew 61% year-over-year to $155 million\n Strong growth of larger customers, with 1,107 $100k+ ARR customers, up from 727 a year ago Announced 8 new products and features at annual Dash conference Announced a strategic partnership with Microsoft and an extended partnership with Google NEW YORK, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced financial results for its third quarter ended September 30, 2020. “We are pleased with our strong results for the third quarter, which demonstrated continued high growth at scale.” said Olivier Pomel, co-founder and CEO of Datadog. “The pandemic has driven organizations globally and across industries to prioritize their digital operations like never before, further strengthening the cloud’s position as the IT architecture of choice. Datadog continues to be a trusted partner in enabling digital transformation and cloud migration.” Pomel added, “With eight new products and major features announced at our annual user conference, Dash, we have maintained our strong track record of innovation and extended our leadership as the most complete and cloud native end-to-end observability platform. We continue to make meaningful R&D investments toward what is a very significant long-term opportunity.” Third Quarter 2020 Financial Highlights: Revenue was $154.7 million, an increase of 61% year-over-year.GAAP operating loss was ($9.3) million; GAAP operating margin was (6%).Non-GAAP operating income was $13.8 million; non-GAAP operating margin was 9%.GAAP net loss per diluted share was ($0.05); non-GAAP net income per diluted share was $0.05.Operating cash flow was $36.3 million, with free cash flow of $28.6 million.Cash, cash equivalents, restricted cash, and marketable securities were $1.5 billion as of September 30, 2020. Third Quarter & Recent Business Highlights: As of September 30, 2020, we had 1,107 customers with ARR of $100,000 or more, an increase of 52% from 727 as of September 30, 2019.Announced 8 new products and features at our annual user conference Dash, which was attended by over 7,000 people in what was our first all-virtual event. Product announcements included: The introduction of the Datadog Marketplace, to enable technology partners to build applications on our platform, ...