Datadog reported Q1 earnings beat, with $0.44 EPS and $611M revenue, but stock dropped 10% due to Amit Agarwal stepping down as President and underwhelming guidance.
Datadog (NASDAQ: DDOG) reported Q1 earnings beating estimates, with EPS of $0.44 and revenue of $611M, up 27% YoY. Amit Agarwal will step down as President by year-end. Q2 revenue guidance is between $620M and $624M, and FY24 EPS guidance is $1.51-1.57. Despite the positive earnings report, the company's stock fell around 10% due to the President's departure and underwhelming revenue outlook.
May 07, 2024
6 Articles