Datadog drops 15%+ after forecasting weaker full-year sales due to reduced usage from its largest client, a leading AI company; Q2 revenue rises 36% to $1.12B (Katherine Hamilton/Wall Street Journal)
Datadog said usage fell at its biggest customer, identified only as a leading AI company.
That warning drove a drop of more than 15% in Datadog shares. The company still reported second-quarter revenue up 36% to $1.12 billion. Its weaker full-year sales forecast turned the focus to customer concentration and slowing usage at the top account. Techmeme's note
That warning drove a drop of more than 15% in Datadog shares. The company still reported second-quarter revenue up 36% to $1.12 billion. Its weaker full-year sales forecast turned the focus to customer concentration and slowing usage at the top account. Techmeme's note
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