Datadog Q3 2021 Earnings Report
Key Takeaways
Datadog announced financial results for its third quarter ended September 30, 2021. Third quarter revenue grew 75% year-over-year to $270 million. They saw strong growth of larger customers, with 1,800 $100k+ ARR customers.
Revenue was $270.5 million, an increase of 75% year-over-year.
GAAP operating loss was $(4.9) million; GAAP operating margin was (2)%.
Non-GAAP operating income was $44.0 million; non-GAAP operating margin was 16%.
As of September 30, 2021, they had 1,800 customers with ARR of $100,000 or more, an increase of 66% from 1,082 as of September 30, 2020.
Datadog
Datadog
Forward Guidance
Datadog is providing the following guidance: Revenue between $290 million and $292 million. Non-GAAP operating income between $38 million and $40 million. Non-GAAP net income per share between $0.11 and $0.12, assuming approximately 347 million weighted average diluted shares outstanding.
Positive Outlook
- Revenue between $290 million and $292 million.
- Non-GAAP operating income between $38 million and $40 million.
- Non-GAAP net income per share between $0.11 and $0.12, assuming approximately 347 million weighted average diluted shares outstanding.