Earnings release
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DATADOG Datadog Announces Second Quarter 2021 Financial Results August 5 , 2021 Second quarter revenue grew 67 % year - over - year to $ 234 million Strong growth of larger customers , with 1,610 $ 100k + ARR customers , up from 1,015 a year ago Launched general availability of Cloud Security Posture Management and Cloud Workload Security products Announced beta of CI Visibility product NEW YORK , Aug. 05 , 2021 ( GLOBE NEWSWIRE ) -- Datadog , Inc. ( NASDAQ : DDOG ) , the monitoring and security platform for cloud applications , today announced financial results for its second quarter ended June 30 , 2021 . " We had a strong second quarter , with revenue growth accelerating to 67 % year - over - year and 18 % quarter - over - quarter . We saw broad - based strength across customer segments and products , " said Olivier Pomel , co - founder and CEO of Datadog . " Our high growth at scale demonstrates that we continue to be a trusted partner in our customers ' digital transformation and cloud migration journeys . " Pomel added , " We continue to expand the features and functionality of our cloud native end - to - end observability platform . Meanwhile , we are just getting started on our journey to break down silos between DevOps and Security teams with our Cloud Security Platform . " Second Quarter 2021 Financial Highlights : • Revenue was $ 233.5 million , an increase of 67 % year - over - year . • GAAP operating loss was $ ( 9.9 ) million ; GAAP operating margin was ( 4 ) % . • Non - GAAP operating income was $ 30.9 million ; non - GAAP operating margin was 13 % . • GAAP net loss per diluted share was $ ( 0.03 ) ; non - GAAP net income per diluted share was $ 0.09 . • Operating cash flow was $ 51.7 million , with free cash flow of $ 42.3 million . • Cash , cash equivalents , restricted cash , and marketable securities were $ 1.4 billion as of June 30 , 2021 . Second Quarter & Recent Business Highlights : • As of June 30 , 2021 , we had 1,610 customers with ARR of $ 100,000 or more , an increase of 59 % from 1,015 as of June 30 , 2020 . • Announced the launch of the Datadog Cloud Security Platform , adding full - stack security context to Datadog's deep observability capabilities . This new offering enables organizations to use a single platform to correlate security insights with monitoring data across infrastructure , network and application tiers , providing Security teams with the visibility they need to understand and respond to potential threats faster . The Cloud Security Platform includes Cloud Security Posture Management , Cloud Workload Security , Security Monitoring , and Application Security ( in beta ) , as well as Unified Observability and Security Reporting capabilities . • Cloud Security Posture Management ( CSPM ) and Cloud Workload Security ( CWS ) became generally available . Cloud Security Posture Management ( CSPM ) makes it easy to track whether production environments comply with industry standards . Cloud Workload Security ( CWS ) detects threats to production workloads by monitoring file and process activity across environments to help catch host and infrastructure - based attacks . • Announced the beta launch of CI Visibility , a way to bring production level visibility earlier into the development process by shifting left and bringing observability throughout the CI / CD pipeline . • Announced support for application monitoring with AWS App Runner , joining Amazon Web Services ( AWS ) as a Launch Partner for the new fully managed service . This new functionality will help engineering and product teams scale , deploy , and monitor their apps without the burden of managing their own infrastructure . • Announced the general availability of Datadog's AWS Lambda extension . This feature enables engineering teams to send