Datadog Beats Q3 Estimates, Margins Show Mixed Results

Datadog, Inc (NASDAQ:DDOG) reported its quarterly results on Thursday.

The New York-based company clocked fiscal third-quarter revenue growth of 26% year-on-year to $690.02 million, beating the analyst consensus estimate of $664.32 million.

Adjusted EPS of 57 cents beat the analyst consensus estimate of 40 cents. 

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As of Sept. 30, Datadog had 3,490 customers with an ARR of $100,000 or more, increasing 12% Y/Y.

The adjusted gross margin declined by 100 bps to 81%. The adjusted operating margin increased by 100 bps to 25%. 

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