Datadog Inc. (NASDAQ:DDOG) on Thursday reported first-quarter results that topped Wall Street expectations.
The software-as-a-service company posted first-quarter revenue of $1.006 billion, up 32% from a year earlier and ahead of analyst estimates of $961.31 million. Adjusted earnings came in at 60 cents per share, beating consensus estimates of 51 cents.
Datadog raised its full-year 2026 outlook, projecting revenue of $4.30 billion to $4.34 billion, up from its prior forecast of $4.06 billion to $4.10 billion. Analysts currently expect revenue of $4.12 billion.
The company also increased its full-year adjusted earnings forecast to between $2.36 and $2.44 per share from its previous outlook of $2.08 to $2.16 per share. Analysts are expecting adjusted earnings of $2.17 per share.
“Datadog executed to a strong quarter, with 32% year-over-year revenue growth, $335 million in operating cash flow, and $289 million in free cash flow,” said Olivier Pomel, co-founder and …
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