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Cloud Monitoring Software

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business2 years ago

"Datadog and Snowflake Stocks Soar on Impressive Earnings and Guidance"

Datadog's stock surged 28% after the cloud monitoring software company reported better-than-expected third-quarter earnings and raised its full-year guidance. The company's quarterly revenue of $547.5 million exceeded estimates, and adjusted earnings per share came in higher than expected. Datadog also increased its revenue and profit outlook for the full year. The positive results boosted other cloud-computing stocks as well. CEO Olivier Pomel mentioned that "AI-native customers" contributed to the company's revenue, but did not confirm any specific partnerships.