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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.
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.
On February 10, 2022, Datadog (NASDAQ: DDOG) announced the acquisition of CoScreen, a platform for technical team collaboration. This acquisition enhances Datadog's offerings by enabling real-time screen sharing and collaborative coding among engineers, aiming to improve productivity, incident response times, and resolution efficiency. The integration of CoScreen's capabilities is expected to foster better collaboration for remote teams, aligning with Datadog's mission to unify engineering workflows.
On January 26, 2022, Datadog (NASDAQ: DDOG) announced it received Federal Risk and Authorization Management Program (FedRAMP) Agency Authorization at the moderate impact level, sponsored by the Department of Veterans Affairs. This authorization facilitates the adoption of Datadog's cloud monitoring and security services across federal agencies, enhancing their ability to migrate mission-critical applications securely to the cloud. Currently, 40 federal agencies have granted Datadog an Authority to Operate (ATO), solidifying its position in the public sector.
Datadog (DDOG) will report its fourth quarter and fiscal year 2021 financial results before U.S. markets open on February 10, 2022. A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss the results and financial guidance. Interested parties can join by dialing 800-708-4539 domestically or 847-619-6396 internationally, with conference ID 50274553. The call will be accessible via a live webcast on the company's Investor Relations page.
Datadog, Inc. (NASDAQ: DDOG) announced the appointments of Sean Walters as Chief Revenue Officer and Kerry Acocella as General Counsel, effective immediately. Acocella takes over from Laszlo Kopits, who is retiring after four years. Walters, who joined Datadog in 2018 as Senior Vice President of Worldwide Sales, will oversee global sales initiatives. Acocella has been with Datadog since January 2019 as Chief Corporate Counsel. Both appointees are expected to contribute significantly to the company's growth and innovation.
Datadog, Inc. (NASDAQ: DDOG) announced a strategic partnership with Amazon Web Services (AWS) on January 5, 2022. This collaboration aims to enhance product alignment and innovation for cloud applications. As a trusted AWS Partner, Datadog holds several AWS Competencies, including DevOps and Migration. The partnership enables deeper integration and security features, improving visibility across AWS-hosted environments. This initiative is expected to foster joint marketing efforts and provide customers with comprehensive tools for cloud migration and security.
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