Datadog Issues Cautious FY23 Guidance After Q4 Beat, Shares Fall

  • Datadog, Inc DDOG reported fourth-quarter FY22 revenue growth of 44% year-on-year to $469.4 million, beating the consensus of $449.3 million.
  • As of December 31, Datadog had 2,780 customers with an ARR of $100,000 or more, increasing 38% Y/Y.
  • The non-GAAP gross margin expanded by 100 bps to 81%. The non-GAAP operating margin decreased by 400 bps to 18%.
  • Non-GAAP EPS of $0.26 beat the consensus of $0.19.
  • Datadog held cash and equivalents of $1.9 billion and generated $96.4 million in free cash flow.
  • Outlook: Datadog sees Q1 revenue of $466 million - $470 million below the consensus of $482 million. It sees non-GAAP EPS of $0.22 - $0.24 versus the consensus of $0.24.
  • Datadog sees FY23 revenue of $2.07 billion - $2.09 billion below the consensus of $2.19 billion. It sees non-GAAP EPS of $1.02 - $1.09 below the consensus of $1.15.
  • Price Action: DDOG shares traded lower by 6.90% at $82.60 premarket on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!