Datadog demonstrates platform strength – AI boom and major customers drive growth

Datadog's stock reacted with a spectacular jump on Tuesday following the release of its latest quarterly results. The US specialist in cloud monitoring and security analytics exceeded Wall Street expectations significantly, despite a backdrop of skepticism leading up to the report. While analysts had consensus expectations of approximately $917 million in revenue and an adjusted earnings per share (EPS) of $0.55, Datadog delivered a solid surprise with $953 million in revenue and $0.59 per share. Investors were particularly impressed by the sustained...