Datadog shares fell 16% after the cloud monitoring and security company gave a revenue outlook suggesting growth would slow, overshadowing a stronger-than-expected second quarter. The company reported adjusted earnings of 65 cents per share, above the 59 cents analysts expected. Revenue rose 36% year-on-year to $1.12 billion, also ahead of the $1.08 billion estimate.
GAAP net income increased to $44.6 million, or 12 cents per diluted share, from $2.6 million, or 1 cent per diluted share, a year earlier. Non-GAAP operating income rose to $257 million from $164.1 million. Operating cash flow climbed to $315.9 million, while free cash flow increased to $278.7 million.
