Datadog beats Q2 top and bottom line estimates; initiates Q3 and updates FY23 outlook
Datadog press release (NASDAQ:DDOG): Q2 Non-GAAP EPS of $0.36  beats by $0.08.
Revenue of $509M (+25.3% Y/Y)  beats by $7.96M.
Operating cash flow was $153.2 million, with free cash flow of $141.7 million.
Cash, cash equivalents, and marketable securities were $2.2 billion as of June 30, 2023.

As of June 30, 2023, we had about 2,990 customers with ARR of $100,000 or more, an increase of 24% from about 2,420 as of June 30, 2022.

Based on information as of today, August 8, 2023, Datadog is providing the following guidance:


Third Quarter 2023 Outlook:
Revenue between $521 million and $525 million vs. consensus of $535.50M.
Non-GAAP operating income between $98 million and $102 million.
Non-GAAP net income per share between $0.33 and $0.35 vs. consensus of $0.29, assuming approximately 354 million weighted average diluted shares outstanding.



Full Year 2023 Outlook:
Revenue between $2.05 billion and $2.06 billion vs. consensus of $2.09B.
Non-GAAP operating income between $390 million and $400 million.
Non-GAAP net income per share between $1.30 and $1.34 vs. consensus of $1.18, assuming approximately 351 million weighted average diluted shares outstanding.