Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com - Datadog (NASDAQ:DDOG) has lifted its annual forecast for earnings and revenue, although the cloud monitoring platform’s guidance was still below Wall Street expectations.
Despite grappling with pressure on client spending on cybersecurity during a time of broad economic uncertainty, Datadog said it had added around 3,770 customers with average recurring revenues of $100,000 or more as of March 31 -- an uptick of 13% from a year earlier.
Earlier this week, Datadog announced that it was acquiring feature-flagging and experimentation platform Eppo in a bid to expand its artificial intelligence capabilities. Datadog has been contending with rising competition from the firms like Dynatrace (NYSE:DT), which is pushing to utilize AI to help enterprise customers identify and fix technical issues in their software.
"We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments," said CEO Olivier Pomel in a statement.
The New York-based group said it now expects full-year 2025 revenue to be between $3.215 billion and $3.235 billion. Adjusted operating income is seen at $625 million to $645 million, while adjusted per-share net income is tipped to come in at $1.67 to $1.71.
Previously, Datadog had guided for revenue of $3.18 billion to $3.20 billion. Adjusted net income per share was initially projected at $1.65 to $1.70.
Analysts had anticipated adjusted operating income of $671.9 million and per-share profit of $1.74 on sales of $3.19 billion, according to Bloomberg consensus estimates.
In the current quarter, adjusted earnings per share was forecast at $0.40 to $0.42, with the high end of the range matching expectations. Revenue estimates of $787 million to $791 million were above analyst forecasts of $772.6 million.
Shares in the company rose by more than 5% in premarket U.S. trading on Tuesday.
Adjusted per-share earnings climbed to $0.46 in the first quarter and revenue grew by 25% year-over-year to $761.6 million, versus expectations of $0.43 and $742.1 million, respectively.