- The stock price of Datadog Inc (NASDAQ: DDOG) increased by over 10% pre-market. This is why it happened.
The stock price of Datadog Inc (NASDAQ: DDOG) increased by over 10% pre-market. Investors are responding positively to the company’s first quarter results.
These are the highlights:
— Revenue was $198.5 million, an increase of 51% year-over-year.
— GAAP operating loss was $(12.8) million; GAAP operating margin was (6)%.
— Non-GAAP operating income was $19.6 million; non-GAAP operating margin was 10%.
— GAAP net loss per diluted share was $(0.04); non-GAAP net income per diluted share was $0.06.
— Operating cash flow was $51.7 million, with free cash flow of $44.5 million.
— Cash, cash equivalents, restricted cash, and marketable securities were $1.6 billion as of March 31, 2021.
“We are pleased with our strong first quarter results, an excellent start to the year that demonstrated continued high growth at scale. We continue to innovate at a rapid pace, delivering new products and features that leverage the strength of our observability platform to create value for our customers.”
— Olivier Pomel, co-founder and CEO of Datadog
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.