Datadog forecasts upbeat third-quarter results on increased cloud security adoption
Shares of the New York City-based company surged more than 10% in premarket trading.
Businesses are accelerating the adoption of AI and cloud technologies, driving increased demand for Datadog's suite of products that monitor and secure cloud-based applications to ensure performance, reliability, and security of these systems.
The company benefits from the broader migration to cloud infrastructure, which has created new requirements for real-time monitoring and analytics.
Datadog's platform, used by clients including Samsung, NASDAQ and Comcast, enables organizations to monitor and analyze their digital operations, helping them to identify and resolve technical issues.
The company said it showcased 125 new innovations to "help customers observe, secure, and act on their complex cloud environments and AI tech stacks."
Datadog expects third-quarter revenue between $847 million and $851 million, above analysts' estimates of $819.9 million, according to data compiled by LSEG.
The company expects adjusted profit per share between 44 cents and 46 cents, above estimates of 42 cents.
For the second quarter, it posted revenue of $827 million, beating estimates of $791.1 million.
On an adjusted basis, the company earned 46 cents per share compared with the estimates of 42 cents per share.
(Reporting by Kritika Lamba in Bengaluru; Editing by Shailesh Kuber and Harikrishnan Nair)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
12 minutes ago
- The Star
US startup Lyten to buy bankrupt European battery maker Northvolt
FILE PHOTO: A view of Northvolt factory after the Swedish battery manufacturer filed for bankruptcy, in Skelleftea, Sweden, March 12, 2025. TT News Agency/Jonas Westling via REUTERS/File Photo STOCKHOLM (Reuters) -U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region's answer to rivals in Asia. Lyten, a Silicon Valley battery startup developing lithium-sulphur cells as a cleaner alternative to lithium-ion, is backed by Jeep-owner Stellantis and U.S. delivery services provider FedEx. The deal revives hopes for European battery independence after Northvolt - the continent's potential rival to major Chinese electric vehicle battery makers - filed for bankruptcy in March, making it one of Sweden's largest corporate failures and sparking a frantic push to find a buyer. "Our plans are ... in large part to pick up where the Northvolt team left off," Lyten CEO and co-founder Dan Cook told Reuters, declining to disclose the purchase price beyond saying it was at a "substantial discount" to the original asset value. Northvolt's bankruptcy trustee said that the deal defused the risk of "complete shutdown", while Sweden's deputy prime minister Ebba Busch said the deal positioned the country "as key to Europe's energy independence. Northvolt has received much criticism that it had overpromised while failing to deliver battery cells deemed good enough quality for clients, even with help from its biggest customer, truckmaker Scania. Gustaf Sundell, Scania's head of ventures and new business, told Reuters it was too early to say if the group would place orders for batteries with Lyten, but it was happy with the outcome. TARGET MARKETS Lyten hopes to quickly restart the flagship Skelleftea plant in northern Sweden and resume deliveries of lithium-ion battery cells in 2026. In July it acquired Northvolt's energy storage business in Poland, Europe's largest, and is targeting automotive, defence and energy storage markets. Cook said several of Northvolt's former management would be joining Lyten, though not founder and ex-CEO Peter Carlsson. "We are focused on developing to be the leaders in locally sourced, locally manufactured batteries for both the North American and European markets right now," he said. Lyten said in July it had secured more than $200 million in additional equity investment to support its acquisitions and expansion plans. Cook said Lyten would prove its worth to Northvolt's former customers by focusing first on providing high yields to a single customer. Northvolt's order book once totalled more than $50 billion from automakers such as BMW, Volkswagen and Audi. "We actually think they'll come back, perhaps quicker than people believe," said Cook. The deal includes Northvolt's projects in Sweden and Germany, as well as its intellectual property. Work was also underway to acquire its Canadian unit. Before its collapse, Northvolt expanded across the Atlantic but later refocused on Sweden as its financial crisis deepened, selling assets for nominal sums. (Reporting by Marie Mannes and Alessandro Parodi; Editing by Emelia Sithole-Matarise and David Holmes)
The Star
2 hours ago
- The Star
Russia allows transfers from foreigners' blocked accounts as part of asset swaps
FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow, Russia July 24, 2025. The sign reads: "Bank of Russia". REUTERS/Evgenia Novozhenina/File Photo MOSCOW (Reuters) -Russia's central bank has tweaked its rules for non-residents, allowing foreigners' funds from special type-C accounts to pass to Russian investors when involved in the exchange of assets, a move that could free up blocked capital in Russia and abroad. In response to Western sanctions over Russia's invasion of Ukraine, which froze around $300 billion of Russia's sovereign assets in Western jurisdictions, Moscow started diverting foreign-owned funds in Russia to type-C accounts, access to which is blocked unless Moscow grants a waiver.
Focus Malaysia
2 hours ago
- Focus Malaysia
Homestay in Johor pays RM70k to Astro for illegal streaming
A JOHOR-based homestay operator has agreed to pay RM70,000 in total compensation after admitting to illegally streaming Astro Malaysia Holdings Berhad's content to guests. This marks the first time Measat Broadcast Systems Sdn Bhd, a subsidiary of Astro, has resolved a piracy case involving a short-term rental business. The operator, trading under The Cactus X Empire, was found to have used unauthorised streaming devices to show Astro channels at rental units in Iskandar Puteri and Johor Bahru without a commercial licence. Under a legal undertaking, the operator has committed to (i) paying RM46,000 in damages and legal costs; (ii) subscribing upfront to five AstroBIZone commercial packages for a minimum of 12 months (valued at RM24,000); and (iii) publishing a formal apology on its official Facebook page. The public apology, now posted on Cactus Homestay JB's Facebook page, acknowledges the infringement and urges others in the hospitality sector to use only licensed content sources when providing entertainment to customers. 'We unequivocally condemn all forms of piracy and affirm our commitment to respecting Astro's intellectual property rights now and in the future,' read a portion of the apology notice by The Cactus X Empire. 'We are grateful to Astro for allowing us the opportunity to rectify our actions and we encourage others in the hospitality industry to learn from our experience and ensure all content made available to customers comes from legitimate and licensed sources.' Astro Chief Sales and Marketing Officer Tai Kam Leong commented: 'We have always taken a firm position against piracy, but this case is especially significant because it highlights how illegal streaming has seeped into everyday settings like homestay. 'Whether you are running a hotel, café, or short-term rental, those in the hospitality industry must understand that using TV boxes to stream content without a commercial licence is not just unlawful but also undermines the entire creative economy.' In a landmark ruling in November 2022, the High Court of Malaya affirmed that broadcasting content from unauthorised sources, including Astro broadcasts, for commercial use is illegal without the appropriate licence. ‒ Aug 7, 2025 Main image: Malay Mail
