Datadog, Inc. (DDOG) Tops Q1 EPS by 7c; Raises Outlook

Datadog, Inc. (NASDAQ: DDOG) reported Q1 EPS of $0.06, $0.07 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $131 million versus the consensus estimate of $117.57 million.

“We are very pleased with our first quarter performance, in which we delivered 87% year-over-year revenue growth,” said Olivier Pomel, co-founder and CEO of Datadog. “We continue to deliver innovation to our customers, including the recent launch of our Security Monitoring product, as well as surpassing over 400 supported integrations.”

Pomel added, “In response to the COVID-19 pandemic, we are focused on ensuring the safety of our employees, continuing to best serve our customers, and investing in our platform. This crisis has demonstrated the need to be digital-first and agile, has underscored the importance of observability into cloud environments, and reaffirmed the long-term opportunity for Datadog.”

GUIDANCE:

Datadog, Inc. sees Q2 2020 EPS of $0.00-$0.01, versus the consensus of ($0.02). Datadog, Inc. sees Q2 2020 revenue of $134-136 million, versus the consensus of $125.5 million.

Datadog, Inc. sees FY2020 EPS of $0.02-$0.06, versus the consensus of ($0.06). Datadog, Inc. sees FY2020 revenue of $555-565 million, versus the consensus of $530.47 million.

For earnings history and earnings-related data on Datadog, Inc. (DDOG) click here.

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