DATADOG increases the annual forecast of income to the cloud security demand driven by AI

(Reuters) -Cloud Security Datadog increased its annual income forecast and exceeded the estimation of quarterly sales on Tuesday, thanks to the growth of large customers and AI -based workloads.

The company has benefited significantly from the increase in the adoption of artificial intelligence technologies, which has encouraged a strong demand for its cloud control and control platform.

On Monday, Datadog acquired EPPO, a marker and experimentation platform, to expand its and product analytics offers, with the aim of helping customers build products faster and less at risk.

“We are quickly innovating through the datadog platform, to help clients observe, secure and act to solve business problems critical of missions in their modern and cloudy surroundings,” said CEO Olivier Pomel.

New datadog products, such as App Builder and On-Call, are overcoming and their security follow-up are experiencing a significant interest from the client, according to analysts.

The company hopes that the revenue of 2025 for a whole year is between $ 3.22 billion and $ 3.24 million, compared to the previous forecast of $ 3.18 billion and $ 3.20 billion. Analysts expect, on average, $ 3.20 billion in annual income, according to data collected by LSEG.

It also provides for second quarter revenue over estimates.

The total revenue of the first quarter increased by 25% from the year earlier to $ 761.6 million, compared to the estimation of dollars of $ 741.5 million.

In a tight way, the company won 46 cents per action compared to the estimation of 43 cents per action.

At the end of the first quarter, Datadog had about 3,770 customers with a annual recurring income of $ 100,000 or more, an increase of 13% over a year earlier.

(Report by Harshita Mary Varghese in Bengaluru; Vijay Kishore edition)