Datadog early Thursday reported third-quarter earnings and revenue that topped analyst estimates. DDOG stock rose amid mixed guidance for the fourth quarter.
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.
Analysts expected Datadog to report profit of 16 cents a share on revenue of $415 million.
Datadog stock edged up 0.7% to close at 75.01 on the stock market today.
The enterprise software maker reported 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.
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