AI & Enterprise
Datadog shares tumble despite quarterly results beating expectations
Datadog shares closed down 19 percent despite quarterly results and a full-year outlook that topped market expectations. Second-quarter revenue rose 36 percent to $1.12 billion, above the FactSet estimate of $1.08 billion, and adjusted earnings were $0.65 per share versus $0.58 expected. Executives said a large AI customer renewed a nine-figure dollar contract but plans to cut product usage this year.
