[ad_1]
Shares of Datadog Inc. were rising 13% in morning trading Thursday after the company, which makes monitoring software for cloud applications, topped expectations with its first-quarter earnings and revenue.
The company recorded a net loss of $24.1 million, or 8 cents a share, whereas it posted net income of $9.7 million, or 3 cents a share, in the year-before quarter. On an adjusted basis, Datadog DDOG earned 28 cents a share, while analysts tracked by FactSet had been expecting 23 cents a share.
Revenue…
[ad_2]
Source link
