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Datadog | 8-K: Datadog Announces Fourth Quarter and Fiscal Year 2023 Financial Results

SEC announcement ·  Feb 13 07:09
Summary by Moomoo AI
On February 13, 2024, Datadog, Inc., a monitoring and security platform for cloud applications, reported its financial results for the fourth quarter and the full year ended December 31, 2023. The company announced a 26% year-over-year increase in fourth-quarter revenue, reaching $590 million, and a 27% increase in annual revenue, totaling $2.13 billion. Datadog's GAAP operating income for the fourth quarter was $27.7 million, with a GAAP operating margin of 5%. Non-GAAP operating income was significantly higher at $166.7 million, with a non-GAAP operating margin of 28%. The company also reported strong growth in larger customers, with 396 customers generating over $1 million in annual recurring revenue (ARR), up from 317 in the previous year. Datadog's CEO, Olivier Pomel, highlighted the delivery of over 400 new features and capabilities...Show More
On February 13, 2024, Datadog, Inc., a monitoring and security platform for cloud applications, reported its financial results for the fourth quarter and the full year ended December 31, 2023. The company announced a 26% year-over-year increase in fourth-quarter revenue, reaching $590 million, and a 27% increase in annual revenue, totaling $2.13 billion. Datadog's GAAP operating income for the fourth quarter was $27.7 million, with a GAAP operating margin of 5%. Non-GAAP operating income was significantly higher at $166.7 million, with a non-GAAP operating margin of 28%. The company also reported strong growth in larger customers, with 396 customers generating over $1 million in annual recurring revenue (ARR), up from 317 in the previous year. Datadog's CEO, Olivier Pomel, highlighted the delivery of over 400 new features and capabilities in 2023 and expressed excitement for the company's innovation plans in 2024. The company's financial outlook for the first quarter of 2024 estimates revenue between $587 million and $591 million, and for the full year, revenue is projected to be between $2.555 billion and $2.575 billion. The report also included the announcement of Sara Varni joining as Chief Marketing Officer and expanded security and observability support for AWS serverless applications.

This announcement is a separate document:

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