DDOG Earnings Just Released!
“We are very pleased with our first quarter performance, in which we delivered 87% year-over-year revenue growth,” said Olivier Pomel, co-founder and CEO of Datadog. “We continue to deliver innovation to our customers, including the recent launch of our Security Monitoring product, as well as surpassing over 400 supported integrations.”
Pomel added, “In response to the COVID-19 pandemic, we are focused on ensuring the safety of our employees, continuing to best serve our customers, and investing in our platform. This crisis has demonstrated the need to be digital-first and agile, has underscored the importance of observability into cloud environments, and reaffirmed the long-term opportunity for Datadog.”
DDOG! 87% q/q revenue growth! Accelerating still! $19m FCF. $24.3m Operating CF. $800m cash & Equivalents. $145m in deferred revenues at all time high…thats revenue they have locked in, but not yet recognized. They increased their future guidance significantly. A HUGE quarter!! Call in a few minutes at 2pm. This seems like a massive announcement…DDOG has surged the past few days in stock price and is now the second largest holding in the portfolio.
All time stock highs… on accelerated revenue and all aspects of growth. This company deserves to be a 12% position and the second largest in the portfolio. Phenomenal results today on the back of the digital transformation.
User comment: Data Dawgggg!
Victor:
130% Net Dollar Based Retention Rate. 11,500 customers as of the close of the quarter represents 40% growth in customers. Billings were up 55% y/y. RPOs up 82%!! RPO is the aggregate of deferred revenue and backlog and is FUTURE revenue already achieved, but not recognized in this quarter. 80% gross margins is up again vs the same quarter last year (was 78%). Seeing 2-3 year contracts still. The CEO and founder, Oliver Pomel sees the acceleration of the digital transformation as a result of Covid-19. They are continuing to hire and invest across the board with NO slow down. They are in Q&A section of the earnings call and I’m hard pressed to hear ANYTHING negative. Analysts are all very positive and congratulatory also. NO RED FLAGS HERE! Up about 2% after hours. Up 22% in the past week. Up 100% just since March 16 and also over the past 12 months. CEO: Business is VERY healthy, seeing massive growth, but remaining conservative and cautious with Covid-19 in the wind.
