Datadog, Inc. (DDOG) Tops Q1 EPS by 3c; Guides Revenues Above Views

Datadog, Inc. (NASDAQ: DDOG) reported Q1 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $198.5 million versus the consensus estimate of $186.71 million.

“We are pleased with our strong first quarter results, an excellent start to the year that demonstrated continued high growth at scale,” said Olivier Pomel, co-founder and CEO of Datadog. “We continue to innovate at a rapid pace, delivering new products and features that leverage the strength of our observability platform to create value for our customers."

Pomel added, “Businesses are planning for a post-pandemic world. Digital transformation projects are being prioritized, as the need to be digital-first and agile is more prominent than ever. We believe we are in a strong position to benefit from this trend as the most complete and cloud-native end-to-end observability platform.”

GUIDANCE:

Datadog, Inc. sees Q2 2021 EPS of $0.03-$0.04, versus the consensus of $0.03. Datadog, Inc. sees Q2 2021 revenue of $211-213 million, versus the consensus of $195.51 million.

Datadog, Inc. sees FY2021 EPS of $0.13-$0.16, versus the consensus of $0.14. Datadog, Inc. sees FY2021 revenue of $880-890 million, versus the consensus of $833.65 million.

For earnings history and earnings-related data on Datadog, Inc. (DDOG) click here.

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