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Jun 30, 2021
Datadog Q2 2021 Earnings Report
Revenue growth accelerated, customer base expanded, and cloud security platform was launched.
Key Takeaways
Datadog announced a strong second quarter with revenue growth accelerating to 67% year-over-year. The company saw broad-based strength across customer segments and products. They launched the Datadog Cloud Security Platform, adding full-stack security context to Datadog's deep observability capabilities.
Revenue was $233.5 million, an increase of 67% year-over-year.
GAAP operating loss was $(9.9) million; GAAP operating margin was (4)%.
Non-GAAP operating income was $30.9 million; non-GAAP operating margin was 13%.
As of June 30, 2021, they had 1,610 customers with ARR of $100,000 or more, an increase of 59% year-over-year.
Forward Guidance
Datadog is providing the following guidance: Third Quarter 2021 Revenue between $246 million and $248 million and Full Year 2021 Revenue between $938 million and $944 million.
Positive Outlook
- Third Quarter 2021 Revenue between $246 million and $248 million.
- Third Quarter 2021 Non-GAAP operating income between $18 million and $20 million.
- Third Quarter 2021 Non-GAAP net income per share between $0.05 and $0.06, assuming approximately 344 million weighted average diluted shares outstanding.
- Full Year 2021 Revenue between $938 million and $944 million.
- Full Year 2021 Non-GAAP operating income between $87 million and $93 million.
Challenges Ahead
- Full Year 2021 Non-GAAP net income per share between $0.26 and $0.28, assuming approximately 344 million weighted average diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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