Datadog Inc · Q1 2021 earnings

Briefing

Datadog had a strong start to the year with continued high growth at scale.

Datadog announced strong first quarter results with revenue growing 51% year-over-year to $199 million. The company closed on acquisitions of Sqreen and Timber and was named a Leader in the 2021 Gartner Magic Quadrant for Application Performance Monitoring.

• Revenue was $198.5 million, an increase of 51% year-over-year.
• GAAP operating loss was $(12.8) million; GAAP operating margin was (6)%.
• Non-GAAP operating income was $19.6 million; non-GAAP operating margin was 10%.
• As of March 31, 2021, Datadog had 1,437 customers with ARR of $100,000 or more, an increase of 50% from 960 as of March 31, 2020.

Headline financials

Revenue & EPS history

Datadog is providing the following guidance: Second Quarter 2021 Outlook: Revenue between $211 million and $213 million. Non-GAAP operating income between $9 million and $11 million. Non-GAAP net income per share between $0.03 and $0.04, assuming approximately 344 million weighted average diluted shares outstanding. Full Year 2021 Outlook: Revenue between $880 million and $890 million. Non-GAAP operating income between $45 million and $55 million. Non-GAAP net income per share between $0.13 and $0.16, assuming approximately 345 million weighted average shares outstanding.