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Datadog, Inc. (NASDAQ: DDOG) is a leading monitoring and security platform specifically designed for cloud applications. As a cloud-native company, Datadog focuses on providing comprehensive visibility into its clients' IT infrastructure, enabling them to gather and analyze data from servers, containers, databases, and third-party services in real-time. This extensive observability helps DevOps teams to avoid downtime, swiftly resolve performance issues, and deliver a superior user experience.
Founded with the vision of making IT infrastructure monitoring seamless and integrated, Datadog offers its services via a software-as-a-service (SaaS) model. Its robust platform allows clients to monitor and analyze machine-generated data across their entire technological stack, facilitating applications in various business operations.
Recently, Datadog has achieved significant milestones. In the third quarter of 2023, the company reported a 25% year-over-year revenue growth, reflecting robust new logo bookings and a continuous focus on addressing DevSecOps challenges. CEO Olivier Pomel highlighted the company's role in aiding diverse industries in leveraging cloud applications to achieve user growth, revenue enhancement, productivity improvements, and cost savings.
Datadog's platform integrates with Google Cloud, making it one of the first partners for Vertex AI, thereby empowering AI and ML developers to monitor, analyze, and optimize their machine learning models in production. This expanded strategic partnership underscores Datadog's commitment to enhancing cloud-native and hybrid application observability and security.
Financially, Datadog continues to exhibit strong performance. For the fiscal year 2023, the company reported a 27% increase in revenue, with an operating cash flow of $660 million and free cash flow of $598 million. These figures highlight Datadog's robust financial health and its ability to deliver value to its stakeholders.
Datadog's innovative contributions are not limited to financial performance alone. The company continues to launch new features and capabilities, focusing on modern observability, cloud security, software delivery, and cloud service management. With over 400 new features delivered in 2023, Datadog remains at the forefront of technological advancements, constantly enhancing its platform to meet the evolving needs of its customers.
Looking ahead, Datadog is poised to continue its trajectory of growth and innovation. With strategic initiatives such as its annual conference Dash, the company fosters a collaborative environment where industry professionals can exchange ideas and learn about the latest in observability, security, and AI. The company's future plans focus on delivering more innovations to support customers in their digital transformation and cloud migration journeys.
Datadog has announced its annual conference, Dash, scheduled for October 18-19, 2022, in New York City. The event will feature over 40 sessions led by industry leaders from companies like Google and Toyota, focusing on best practices in DevOps and cloud security. Attendees can also participate in over 20 hands-on workshops and on-site certification exams. The conference aims to connect professionals from across various sectors to enhance collaboration and accelerate technological advancements. Livestreaming options for the keynote session will also be available.
Datadog (NASDAQ: DDOG) has announced enhanced monitoring capabilities for Microsoft SQL Server and Azure database platforms. This update builds upon the Database Monitoring product launched last year and aims to help customers identify performance issues, reduce costs, and improve collaboration between engineers and database administrators. New features include valuable query metrics, explain plan analysis, and centralized monitoring of database metrics. The service is now generally available to Microsoft customers, aligning with Datadog's mission to support cloud application performance.
Datadog reported a 74% year-over-year revenue growth for Q2 2022, reaching $406 million. The number of customers with annual recurring revenue over $100,000 surged to about 2,420, a 54% increase year-over-year. The company posted a GAAP operating loss of $(3.1 million), with a non-GAAP operating income of $84.7 million. Datadog has provided guidance for Q3 2022 revenue between $410 million and $414 million and expects full-year revenue between $1.61 billion and $1.63 billion.
Datadog (NASDAQ: DDOG) has acquired Seekret, an API observability company, enhancing its monitoring platform. This integration will improve API governance, observability, and automation throughout the API lifecycle, addressing the growing complexity of API management in modern applications. Seekret’s technology aims to provide seamless discovery and management of APIs, which is critical for Datadog's customers. The acquisition positions Datadog to offer advanced tools for API health, availability, and security, facilitating better solutions for development, operations, and security teams.
Datadog, a leading monitoring and security platform for cloud applications, will participate in several upcoming investor conferences. The presentations are scheduled at:
- The Oppenheimer Technology, Internet and Communications Conference on August 9, 2022, at 10:45 a.m. ET.
- The Citi 2022 Global Technology Conference on September 7, 2022, at 9:00 a.m. ET.
- The Goldman Sachs Communacopia and Technology Conference on September 14, 2022, at 6:45 p.m. ET.
Live webcasts and replays will be available on Datadog’s investor relations website.
Datadog (NASDAQ:DDOG) will report its Q2 2022 financial results on August 4, 2022, before market opening. A conference call is scheduled for the same day at 8:00 a.m. ET to discuss the results and future financial guidance. Investors can access the call at 1-866-374-5140 (domestic) or 1-404-400-0571 (international), passcode 70803954. A live webcast will be available on the company's investor relations page, with a replay archived thereafter. Datadog provides cloud application monitoring and security solutions.
Datadog, a cloud application monitoring and security platform, announced the release of Datadog Audit Trail, which enhances compliance and operational workflow management. The service audits all changes within the Datadog platform and integrates with the Sensitive Data Scanner and role-based access control (RBAC). This tool addresses stringent regulatory requirements like FedRAMP, GDPR, and HIPAA by providing a unified view of user and API actions, thereby helping organizations quickly fulfill audit demands. Datadog Audit Trail is available now.
Datadog has launched Datadog Observability Pipelines, a new product aimed at enhancing data management for organizations. The tool offers a unified interface for controlling the flow of metrics, logs, and traces, allowing users to filter, sanitize, and route observability data. Key benefits include improved cost control, reduced technology lock-in, enhanced compliance, and standardized data quality. The product leverages the open-source Vector framework, allowing organizations to scale their observability practices effectively.
Datadog, Inc. (NASDAQ: DDOG) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Application Performance Monitoring and Observability for the second consecutive year. This achievement highlights Datadog's ability to execute and the completeness of its vision. The company’s unified platform approach and its AI engine, Watchdog, are noted as key strengths, enabling efficient monitoring of cloud-native architectures. Customers appreciate the Real User Monitoring feature, which aids in understanding user behavior and reducing churn.
Datadog (NASDAQ: DDOG) appointed Titi Cole, Citigroup's CEO of Legacy Franchises, to its Board of Directors on June 2, 2022. Cole brings over 25 years of experience in financial services and has held senior roles at major banks and McKinsey & Company. She aims to drive digital transformation to better meet customer needs. CEO Olivier Pomel emphasized her strategic planning expertise, which will be crucial for Datadog's growth. This leadership addition aligns with Datadog's focus on enhancing its cloud monitoring and security platform, helping businesses with their digital initiatives.
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