Datadog stock popped after its December-quarter earnings and revenue handily beat estimates, while 2022 revenue guidance also came in above expectations.
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New York-based Datadog (DDOG) reported fourth-quarter earnings before the market open on Thursday. DDOG stock jumped more than 15% to round 179 in premarket trading on the stock market today.
Datadog earnings were 20 cents per share on an adjusted basis, up 233% from 6 cents a year earlier.
The enterprise software maker’s revenue jumped 84%, to $326.2 million, amid an expanding partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN). Meanwhile, analysts expected Datadog to report profit of 11 cents a share on revenue of $291.5 million.
Datadog Stock: Revenue Guidance Tops Expectations
For the current quarter ending in March, Datadog forecasts revenue of $336.5 million vs. estimates of $306.4…
