Datadog, Inc. (NASDAQ: DDOG) reported Q3 EPS of $0.05, $0.04 better than the analyst estimate of $0.01. Revenue for the quarter came in at $155 million versus the consensus estimate of $144.31 million.

“We are pleased with our strong results for the third quarter, which demonstrated continued high growth at scale.” said Olivier Pomel, co-founder and CEO of Datadog. “The pandemic has driven organizations globally and across industries to prioritize their digital operations like never before, further strengthening the cloud’s position as the IT architecture of choice. Datadog continues to be a trusted partner in enabling digital transformation and cloud migration.”

Pomel added, “With eight new products and major features announced at our annual user conference, Dash, we have maintained our strong track record of innovation and extended our leadership as the most complete and cloud native end-to-end observability platform. We continue to make meaningful R&D investments toward what is a very significant long-term opportunity.”

GUIDANCE:

Datadog, Inc. sees Q4 2020 EPS of $0.01-$0.02, versus the consensus of $0.01. Datadog, Inc. sees Q4 2020 revenue of $162-164 million, versus the consensus of $155.23 million.

Datadog, Inc. sees FY2020 EPS of $0.17-$0.18, versus the consensus of $0.12. Datadog, Inc. sees FY2020 revenue of $588-590 million, versus the consensus of $571.18 million.

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