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Datadog (NASDAQ:DDOG) continues to impress me with the first quarter earnings results.
While the stock has retreated since its recent highs, I think that Datadog is starting to look interesting as a beneficiary to an accelerated migration to the cloud as a result of growing adoption of AI.
I have written extensively about Datadog on Seeking Alpha, which can be found here, and continue to be optimistic and confident in the company’s future prospects.
For those who are new to the company, Datadog is a monitoring service for cloud-based infrastructure and applications, providing visibility into servers, apps, tools, and services through its platform, which offers dashboarding, visualization, and alerting.
The company is currently still run by its founder, Olivier Pomel and Alexis Lê-Quôc, serving as CEO and CTO respectively.
Beat and raise
1Q24 revenues came in at $611 million, up 27% from the prior year and…
