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Shares of Datadog Inc. popped after it crushed Wall Street’s expectations with its first-quarter financial results.
Datadog raised full-year earnings guidance to $2.36-$2.44, up from $2.08-$2.16 previously.
KEY POINTS
- Datadog signed seven-figure and eight-figure deals with AI research divisions of top tech firms.
- Q1 net income more than doubled to $52.6 million, up from $24.6 million last year.
- Datadog's AI monitoring specialization has increased demand as companies manage complex AI infrastructure.
COMPANIES
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