Datadog beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook
Datadog press release (NASDAQ:DDOG): Q1 Non-GAAP EPS of $0.28  beats by $0.04.
Revenue of $482M (+32.8% Y/Y)  beats by $12.99M.
Non-GAAP operating income was $86.4 million; non-GAAP operating margin was 18%.
Operating cash flow was $133.8 million, with free cash flow of $116.3 million.

Cash, cash equivalents, and marketable securities were $2.0 billion as of March 31, 2023.
Strong growth of larger customers, with about 2,910 $100k+ ARR customers, up from about 2,250 a year ago.

Datadog is providing the following guidance: Second Quarter 2023 Outlook: Revenue between $498 million and $502 million vs. consensus of $500.94M. Non-GAAP operating income between $82 million and $86 million.
Non-GAAP net income per share between $0.27 and $0.29 vs. consensus of $0.26, assuming approximately 349 million weighted average diluted shares outstanding.

Full Year 2023 Outlook: Revenue between $2.08 billion and $2.10 billion vs. consensus of $2.08B. Non-GAAP operating income between $340 million and $360 million.
Non-GAAP net income per share between $1.13 and $1.20 vs. consensus of $1.06, assuming approximately 351 million weighted average diluted shares outstanding.