Datadog’s shares surged 20% after reporting Q3 revenue of $885.7 million, up 28% YoY, surpassing expectations. Q4 revenue forecast of $912-916 million also beat estimates. The company introduced AI technologies like Bits AI Agents for SRE and expanded its LLM Observability. Adjusted EPS of 55 cents exceeded analyst expectations. Customer base with $100k+ ARR grew 16%.

Net income for Datadog was $33.9 million, or 10 cents per share, down from $51.7 million, or 14 cents per share, last year. CEO Olivier Pomel highlighted the company’s innovation in AI-driven cloud-security products. Datadog’s stock price has seen significant growth this year, reflecting positive market sentiment towards the company’s performance.

Read more at CNBC: Datadog’s stock soars 20% on Q3 earnings beat, strong forecast