Datadog's Q3 Earnings Ripper, Stock Soars On Strong Guidance
Portfolio Pulse from Anusuya Lahiri
Datadog, Inc (NASDAQ:DDOG) reported Q3 FY23 revenue of $547.5 million, a 25% YoY increase, beating the consensus of $524.1 million. The company also reported an increase in customers with an ARR of $100,000 or more, and an expansion in adjusted gross margin and operating margin. The company's adjusted EPS of $0.45 beat the consensus of $0.34. For Q4, Datadog expects revenue of $564 million - $568 million and an adjusted EPS of $0.42 - $0.44. The company's shares traded higher by 29.10% at $102.66.
November 07, 2023 | 4:04 pm
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Datadog's Q3 FY23 earnings beat consensus, with an increase in customers and margins. The company's shares traded higher by 29.10%.
Datadog's Q3 FY23 earnings beat consensus, with an increase in customers and margins. This positive financial performance, along with the company's strong Q4 guidance, has led to a significant increase in the company's share price.
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