Datadog Delivers in Its First Quarter as a Public Company
You only get one chance to make a first impression, and Datadog (NASDAQ: DDOG) apparently nailed it in its first financial report as a public company. The provider of cloud monitoring and analytics tools moved sharply higher after posting better-than-expected third-quarter results shortly after Tuesday's close.
Revenue soared 88% to hit a record $95.9 million for the three months ending in September, an impressive feat since investors saw Datadog's top line slow to 79% growth through the first half of this year after last year's 97% surge in revenue. Investors were betting on continued deceleration, as analysts were forecasting a mere 66% year-over-year top-line increase. The good news didn't stop there.
Image source: Datadog.
Source Fool.com
