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Dec 31, 2023
Datadog Q4 2023 Earnings Report
Datadog's Q4 2023 financial results were announced, showcasing revenue growth and customer expansion.
Key Takeaways
Datadog reported a 26% year-over-year increase in revenue for Q4 2023, reaching $589.6 million. The company also saw strong growth in larger customers, with a 25% increase in customers with ARR of $1 million or more.
Revenue increased by 26% year-over-year, reaching $589.6 million.
GAAP operating income was $27.7 million, representing a 5% operating margin.
The company had 396 customers with ARR of $1 million or more, a 25% increase year-over-year.
Operating cash flow was $220.2 million, with free cash flow of $201.3 million.
Forward Guidance
Datadog provided guidance for Q1 2024 and fiscal year 2024. For Q1 2024, Datadog expects revenue between $587 million and $591 million, non-GAAP operating income between $128 million and $132 million, and non-GAAP net income per share between $0.33 and $0.35. For fiscal year 2024, Datadog expects revenue between $2.555 billion and $2.575 billion, non-GAAP operating income between $535 million and $555 million, and non-GAAP net income per share between $1.38 and $1.44.
Positive Outlook
- Revenue between $587 million and $591 million for Q1 2024.
- Non-GAAP operating income between $128 million and $132 million for Q1 2024.
- Non-GAAP net income per share between $0.33 and $0.35 for Q1 2024.
- Revenue between $2.555 billion and $2.575 billion for fiscal year 2024.
- Non-GAAP operating income between $535 million and $555 million for fiscal year 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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