Datadog, Inc. - DDOG STOCK NEWS

Datadog (NASDAQ: DDOG) has announced the general availability of Datadog Monitoring for Oracle Cloud Infrastructure (OCI). This new offering enables Oracle customers to monitor both cloud-native and traditional workloads on OCI, providing comprehensive visibility across infrastructure, applications, and services. Key features include:

1. Integration with 20+ major OCI services and 750+ other technologies
2. Customizable dashboards and monitors for real-time performance visualization
3. Monitoring of AI/ML inference workloads, including GPU usage and performance
4. Code-level visibility into applications with real-time service maps and AI-powered synthetic monitors

The solution aims to help customers confidently migrate from on-premises to cloud environments, execute multi-cloud strategies, and monitor AI/ML workloads effectively.

Datadog (NASDAQ: DDOG) has been named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms for the fourth consecutive year. This recognition is based on Datadog's Ability to Execute and Completeness of Vision. The report, formerly known as the Gartner Magic Quadrant for APM and Observability, evaluates technology providers in markets with high growth and distinct differentiation.

Customer feedback plays a important role in Datadog's product innovation. The company's platform is praised for its comprehensive monitoring capabilities, intuitive interface, and extensive integrations. Amit Agarwal, President at Datadog, emphasized the importance of understanding customer needs to provide solutions that address their daily challenges.

Datadog (NASDAQ: DDOG) released its Q2 2024 financial results, reporting a 27% revenue increase YoY to $645 million. The company’s GAAP operating income was $13 million with a 2% operating margin, while non-GAAP operating income stood at $158 million with a 24% operating margin. GAAP net income per share was $0.12; non-GAAP net income per share was $0.43. The company generated $164 million in operating cash flow and $144 million in free cash flow. Datadog's customer base with ARR of $100k+ grew by 13% to about 3,390 customers. Additionally, Datadog announced the general availability of LLM Observability, innovations in Generative AI, and other security and analytics tools at DASH 2024. The company provided Q3 revenue guidance between $660 million and $664 million and full-year revenue guidance between $2.62 billion and $2.63 billion.

Datadog (NASDAQ:DDOG), a leading monitoring and security platform for cloud applications, has announced its participation in three upcoming investor conferences. The company's management will present at:

• The Oppenheimer Technology, Internet and Communications Conference on Tuesday, August 13, 2024, at 2:05 p.m. ET
• The Citi Global TMT Conference on Wednesday, September 4, 2024, at 10:00 a.m. ET
• The Goldman Sachs Communacopia and Technology Conference on Tuesday, September 10, 2024, at 6:45 p.m. ET

All presentations will be webcast live and available for replay for a time on Datadog's investor relations website under the 'Events and Presentations' section.

Datadog (NASDAQ: DDOG) has appointed Yanbing Li as Chief Product Officer, effective immediately. Li brings over 25 years of product, technology, and engineering experience from leadership roles at Aurora, Google, and VMware. Her expertise in artificial intelligence, machine learning, cloud and data infrastructure, enterprise software, and cloud operations is expected to help scale Datadog's product portfolio.

Li most recently served as Senior Vice President of Engineering at Aurora, leading all software development efforts. She previously held executive positions at Google and VMware, focusing on cloud commerce platforms, operations infrastructure, and storage and availability business units. Li holds a Ph.D. from Princeton University, a master's degree from Cornell University, and a bachelor's degree from Tsinghua University.

Datadog (NASDAQ: DDOG), a leading provider of monitoring and security solutions for cloud applications, has announced its upcoming second quarter fiscal year 2024 earnings call. The company will release its financial results before the U.S. markets open on Thursday, August 8, 2024. Following this, Datadog will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results and provide financial guidance.

Investors and interested parties can access the conference call via phone by registering through a provided link. Additionally, a live webcast of the call will be available on the company's Investor Relations page, with a replay archived on the website for future reference.

Datadog (NASDAQ: DDOG), a cloud application monitoring and security platform, has appointed David Galloreese as Chief People Officer (CPO) on July 3, 2024. Galloreese brings over 20 years of human resources experience from notable companies such as Figma, Wells Fargo, Walmart, Medallia, and Caesars Entertainment. He was most recently a Senior Advisor at McKinsey & Company, advising firms like Karat, Guild, and Gametime. CEO Olivier Pomel highlighted Galloreese's extensive experience in leading people functions at both tech firms and large-scale brands, which is expected to drive Datadog's next phase of growth. Galloreese expressed his commitment to enhancing Datadog's mission, culture, and team as the company continues its rapid expansion.

Datadog (NASDAQ: DDOG) announced a new feature called Datadog Kubernetes Autoscaling, which automates resource optimization and scales Kubernetes environments based on real-time and historical data.

This new capability aims to reduce cloud costs by addressing the issue of idle resources, which account for 83% of container costs according to Datadog's State of Cloud Costs 2024 report.

By providing automated rightsizing of Kubernetes resources, it ensures optimal performance and ROI. The feature allows users to manually or automatically scale their workloads, balancing cost and performance issues effectively.

Datadog is the first observability platform to offer direct Kubernetes environment changes, providing a unified view of resource utilization and cost metrics to simplify operation for teams.

Datadog (NASDAQ: DDOG) has launched LLM Observability, a new product designed to monitor, improve, and secure generative AI applications. This tool aims to address the complexities and risks associated with deploying large language models (LLM) by offering in-depth visibility into each step of the LLM chain. It helps identify root causes of errors and optimize operational metrics like latency and token usage. Additionally, it integrates with Datadog's existing Application Performance Monitoring (APM) system and includes features like prompt clustering, out-of-the-box quality evaluations, and data privacy measures. Companies like WHOOP and AppFolio have already started using LLM Observability to enhance their AI applications, ensuring reliability and cost-effectiveness. The tool is available now and supports major platforms such as OpenAI and Azure OpenAI.