Datadog, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 07:09 am
Share
Datadog, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 589.65 million compared to USD 469.4 million a year ago. Net income was USD 53.99 million compared to net loss of USD 29.03 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
For the full year, sales was USD 2,128.36 million compared to USD 1,675.1 million a year ago. Net income was USD 48.57 million compared to net loss of USD 50.16 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to diluted loss per share from continuing operations of USD 0.16 a year ago.
Datadog, Inc. specializes in the development and operation of an IT infrastructure and application monitoring and analysis platform dedicated to developers, IT operations teams and business users in the fields of digital transformation and cloud migration. The group's SaaS-operated platform integrates and automates IT infrastructure monitoring, network performance monitoring, network devices, databases and applications, log management and data analysis, enabling unified and real-time observation of its customers' entire technology stack.
At the end of 2023, Datadog, Inc. had approximately 27,300 users.
North America accounts for 69.9% of net sales.