Datadog (DDOG) early Thursday reported September-quarter earnings and revenue that topped analyst estimates. DDOG stock rose amid mixed guidance for the fourth quarter.
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Datadog earnings for the quarter ending Sept. 30 were 23 cents per share on an adjusted basis, up 77% from 13 cents a year earlier.
Revenue jumped 61% to $436.5 million, amid an expanding partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN).
Analysts expected Datadog to report profit of 16 cents a share on revenue of $415 million.
Datadog stock jumped 9.2% to 81.30 in early trading on the stock market today. That’s after DDOG stock tumbled 7.8% on Tuesday to a 52-week low.
The enterprise software maker reported Q3 earnings before the market open.
DDOG Stock: Guidance Mixed
Datadog said it had 2,600 customers with annual recurring revenue of $100,000 or more as of Sept. 30, up from 1,800 a year earlier.
For the current quarter ending in December, Datadog forecast profit of 19 cents vs. estimates of 15 cents. Datadog said it expects revenue of $447 million, just below estimates of $448 million.
Started in 2010, Datadog operates a monitoring and analytics platform for software developers and information-technology departments.
Heading into the Datadog earnings report, the software stock had a Relative Strength Rating of 13 out of a best-possible 99, according to IBD Stock Checkup.
DDOG stock has retreated about 54% so far in 2022.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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Read More: Datadog Earnings Top Estimates On Large Customer Growth