Datadog Q1 revenue $611M (+27% YoY); President Agarwal to step down

Datadog, Inc.

2024-Q1 EPS reported $0.12 revenue$611,253,000

Revenue $611M (+27% YoY); GAAP EPS $0.12, non-GAAP EPS $0.44; non-GAAP operating margin 27%.
Free cash flow $187M; cash and marketable securities $2.8B as of March 31, 2024.
Customers with $100k+ ARR grew 15% YoY to ~3,340.
Q2 revenue guidance $620-624M; FY2024 revenue guidance $2.59-2.61B.
President Amit Agarwal to resign effective Dec 31, 2024, expected to join Board of Directors.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Amit Agarwal

President

DDOG · Datadog, Inc.

Effective: 2024-12-31
Filed: May 7, 2024, 7:59 PM ET

Amit Agarwal will be resigning from his position as President of the Company effective December 31, 2024

Appointed

Amit Agarwal

Director

DDOG · Datadog, Inc.

Filed: May 7, 2024, 7:59 PM ET

the Board intends to increase the size of the Board from eight to nine and appoint Mr. Agarwal to the Board to fill the resulting vacancy

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

Datadog, Inc. reported first quarter ended March 31, 2024 results: revenue $611 million, net income GAAP net income per diluted share was $0.12; non-GAAP net income per diluted share was $0.44, EPS GAAP net income per diluted share was $0.12; non-GAAP net income per diluted share was $0.44. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $611 million
Net income: GAAP net income per diluted share was $0.12; non-GAAP net income per diluted share was $0.44
EPS: GAAP net income per diluted share was $0.12; non-GAAP net income per diluted share was $0.44
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reference in such filing. --- EX-99.1 (EX-99.1) --- Datadog Announces First Quarter 2024 Financial Results May 7, 2024 First quarter revenue grew 27% year-over-year to $611 million Strong growth of larger customers, with about 3,340 $100k+ ARR customers, up from about 2,910 a year ago Announced general availability of Bits AI for Incident Management, Event

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Agarwal resigned as President at Datadog, Inc..

Action: resigned
Role: President

Exact text from the filing

Amit Agarwal will be resigning from his position as President of the Company effective December 31, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Agarwal was appointed as Director at Datadog, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board intends to increase the size of the Board from eight to nine and appoint Mr. Agarwal to the Board to fill the resulting vacancy

View on SEC.gov

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Source: SEC EDGAR

accession 0001561550-24-000048

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