Datadog's (NASDAQ: DDOG) stock price dropped 7% after it posted its fourth-quarter report on Feb. 16. The data visualization software provider's revenue rose 44% year over year to $469 million, which beat analysts' estimates by $21 million. Its adjusted net income grew 28% to $90 million, or $0.26 per share, and topped expectations by seven cents.
For the full year, Datadog's revenue rose 63% to $1.68 billion as its adjusted net income grew 103% to $338 million. That represented a slight slowdown from 2021 when its revenue and adjusted net income increased 70% and 133%, respectively -- but it's still growing faster than many of its enterprise software peers.
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Source Fool.com