Datadog Inc stock starts Tuesday on backfoot despite upbeat earnings
DDOGDatadog(DDOG) Proactive Investors·2024-02-13 22:01

Datadog Inc (NASDAQ:DDOG) stock was on the backfoot despite results which at surface level appear positive financial results, including a 26% rise in fourth quarter revenue. Reported at 590million,fourthquarterrevenuewasdrivenbyasignificantincreaseincustomernumbersand,particularly,anincreaseinlargercompaniesunderitsrecurringrevenuemodel.Operatingcashflowforthequartertotalled590 million, fourth quarter revenue was driven by a significant increase in customer numbers and, particularly, an increase in larger companies under its recurring revenue model. Operating cash flow for the quarter totalled 660 million, whilst free cash flow came in at $598 million. Fourth quarter adjusted earnings per sha ...