Datadog Inc: Can The Acquisition Of Actiondesk Be A Game Changer?

Datadog Inc., in its Q4 2023 earnings, revealed that it ended the year on a high note. With continued innovation and high customer adoption rates, the company’s revenue was $590 million, a 26% increase year-over-year, exceeding its guidance range. The company’s customer growth was significant, moving from around 23,200 last year to about 27,300 currently. The Q4 financial performance saw an increase in customers with an Annual Recurring Revenue (ARR) of $100,000 or more, from 2,780 last year to about 3,190. These high-value customers accounted for approximately 86% of Datadog’s ARR. The earnings call also highlighted solid free cash flow, which was $201 million with a free cash flow margin of 34%.