The well-known SaaS Data Analytics company, Datadog, has just released its FY2020 Earnings together with some exciting acquisitions. Investors seem pretty excited about this set of earnings as the share price has been moving upwards in recent weeks. Without further delay, let’s jump right into their earnings.
Extraordinary Revenue Growth
|3M Ended December 31, 2019||3M Ended December 31, 2020||FY Ended December 31, 2019||FY Ended December 31, 2020|
|Revenue||$113.6 million||$177.5 million (+56.3%)||$362.8 million||$603.5 million (+66.3%)|
|Cost of Revenue||$25.7 million||$40.9 million (+59.1%)||$88.9 million||$130.2 million (+46.5%)|
|Gross Profit||$87.9 million||$136.7 million (+55.5%)||$273.8 million||$473.3 million (+72.9%)|
As we can see, Datadog has amassed a huge growth in revenue, increasing 56.3% for the quarter and 66.3% for the full year. Datadog has almost managed to grow its gross profit by 72.9% year on year.
This huge growth is definitely not a one-off spike and Datadog is set to keep on growing consistently over the next few years as it continues to aggressively invest back into the business. Seeing that Data Analytics is a growing trend over the next couple of years, Datadog is very well-positioned for the future.