The observability and security firm reported a first-quarter net income of $42.6 million, or 12 cents per share, compared to a net loss of $24.1 million, or 8 cents per share, a year ago.
“For one, remaining performance obligations , a good indicator of long-term customer commitments, increased 52% y/y. This along with big deal commentary, suggest Datadog stands to benefit from artificial intelligence and digital transformations over the long-term,” they added. This is particularly significant given that ARR is considered one of the most reliable forward-looking growth metrics in software.
“However, the true AI growth driver for Datadog will be when non-AI native companies deploy AI applications as scale,” they continued.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: