Datadog launches new development tool for customer growth, strengthens partnerships with major cloud companies.

From Nasdaq: 2024-06-18 09:47:00

Datadog (DDOG) announces the general availability of Datadog App Builder, a low-code development tool for creating self-service applications integrated with monitoring stacks. With a Zacks Rank #1, DDOG ended Q1 with 28,000 customers and expects 2024 revenues to reach $2.6 billion. The new tool empowers teams to act on insights swiftly, offering 550+ out-of-the-box actions for key platforms.

Datadog’s robust partner base, including Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT), enhances cloud infrastructure management. More than 700 tools are integrated for complete visibility, seamless setups for AWS services, and granular metrics for Azure environments. A report by Oracle states that 98% of enterprises use multiple cloud providers, reinforcing the importance of Datadog’s partnerships for long-term growth.

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To cater to the growing need for multi-cloud integration, Datadog has strategically partnered with top companies in the cloud industry. These partnerships strengthen the company’s position in the market and provide comprehensive monitoring capabilities for organizations seeking unified solutions across hybrid and multi-cloud environments. The strong partner base is expected to drive long-term prospects for Datadog.



Read more at Nasdaq: Datadog’s (DDOG) New Development Tool to Aid Customer Growth