Datadog, Inc. - DDOG STOCK NEWS

Datadog, Inc. reported a robust 83% year-over-year revenue growth for Q1 2022, achieving $363 million in revenue. The company has expanded its customer base with approximately 2,250 customers generating over $100k in annual recurring revenue, reflecting a 60% increase year over year. The launch of the Application Security Monitoring product and enhancements to the Watchdog AI Engine mark significant business developments. For Q2 2022, Datadog expects revenue between $376 million and $380 million, with a full-year outlook of $1.60 billion to $1.62 billion.

Datadog has launched its Application Security Monitoring (ASM) product, enabling teams to identify code-level vulnerabilities in web applications and APIs using distributed tracing. The new offering addresses increasing threats from attacks such as SQL injections and XSS, enhancing collaboration between security, development, and operations teams. This product is part of Datadog's broader Cloud Security Platform and reflects the company's commitment to modern security needs, following the acquisition of Sqreen in April 2021. ASM is generally available to customers now.

Datadog (NASDAQ:DDOG) announced it will release its first quarter fiscal year 2022 financial results before U.S. markets open on May 5, 2022. The company will host a conference call that same day at 8:00 a.m. Eastern Time to discuss these results and future financial guidance. Investors can participate by dialing specific numbers or accessing a live webcast on the company's Investor Relations page. This announcement underscores Datadog's ongoing commitment to transparency with its stakeholders.

Datadog has announced enhancements to its AI engine, Watchdog, introducing Log Anomaly Detection and Root Cause Analysis. These features allow IT teams to swiftly identify and resolve performance issues, reducing alert fatigue. Log Anomaly Detection establishes normal log patterns to reveal hidden issues before they escalate, while Root Cause Analysis identifies the source of problems across services, highlighting their business impact. Both features require no additional configuration and are available to users, enhancing operational efficiency in complex cloud environments.

Superwise, a leader in model observability for ML operations, has announced its integration with Datadog (NASDAQ: DDOG). The integration, now available in the Datadog Marketplace, allows customers to access Superwise licenses for enhanced monitoring of machine learning models. Datadog's platform assists organizations in managing cloud and hybrid environments effectively. This partnership aims to improve the accuracy and calibration of ML models during their operational phase, offering a comprehensive solution for MLOps teams.

Datadog, a cloud monitoring and security platform, has partnered with Microsoft as part of the Azure Cloud Adoption Framework. This partnership enables Azure customers to utilize Datadog's monitoring and security features to streamline their cloud migration process. Datadog's integration offers over 100 Azure services, enhancing visibility across environments, including legacy and modern systems. Key features include out-of-the-box dashboards, UX monitoring, and comprehensive stack visibility to troubleshoot performance issues effectively.

Datadog announces its participation at the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2022, at 11:00 a.m. ET. Management will present key insights on their monitoring and security platform for cloud applications. The presentation will be available via live webcast and a replay on their investor relations website. Datadog offers a SaaS platform that provides real-time observability for organizations, aiding in digital transformation and cloud migration.

NS1 has reported its eighth consecutive year of annual recurring revenue growth in 2021, adding over 150 new customers, including notable companies like Uber and Autodesk, raising its total customer count to nearly 850. The company has introduced innovative solutions like NS1 Connect and NS1 Cloud-Managed DDI, enhancing performance and resilience for applications at the distributed edge. NS1's INS1DER Partner Program has expanded significantly, boosting its partner network by nearly 50%. The company was also recognized in the Deloitte Technology Fast 500 list.

Datadog reported strong financial results for Q4 and the fiscal year 2021, with revenue at $326.2 million, an 84% year-over-year increase. For the entire year, revenue reached $1.03 billion, representing a 70% growth. The company generated $287 million in operating cash flow and $251 million in free cash flow. Datadog's customer base expanded significantly, with 216 customers achieving ARR of over $1 million, a 114% increase. The outlook for Q1 2022 projects revenue between $334 million and $339 million.