Datadog Inc ( (DDOG) ) has released its Q4 earnings. Here is a breakdown of the information Datadog Inc presented to its investors.
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Datadog, Inc., a leader in cloud application monitoring and security, provides a comprehensive SaaS platform for real-time observability and security across various industries.
Datadog has reported a substantial growth in its fourth quarter and fiscal year 2024 financial results, with notable increases in revenue and customer base, alongside the launch of innovative products such as On-Call and expanded database monitoring capabilities.
In the fourth quarter of 2024, Datadog achieved a 25% year-over-year revenue increase to $738 million, with strong performance indicated by a GAAP net income of $45.6 million and a non-GAAP net income per share of $0.49. The company also showcased a significant rise in operating cash flow to $265 million and expanded its customer base to 462 customers with ARR exceeding $1 million. For the fiscal year 2024, revenue rose by 26% to $2.68 billion, supported by a robust free cash flow of $775 million.
The company has made strategic advancements by issuing convertible senior notes, enhancing its product offerings with a new approach to Cloud SIEM, and expanding its database monitoring to include MongoDB. These initiatives, coupled with continued investment in AWS monitoring, reflect Datadog’s commitment to addressing customer needs in modern observability and cloud security.
Looking ahead to 2025, Datadog anticipates continued revenue growth, projecting revenues between $3.175 billion and $3.195 billion. The management remains optimistic about future innovations and the company’s ability to tackle complex challenges across its product lines, thereby solidifying its position in the cloud observability market.
