💨 Abstract

Datadog, a cloud monitoring firm, raised its annual revenue and profit forecasts due to growing demand for its AI-backed cybersecurity products. The company's shares rose initially before showing volatility. The increased revenue is attributed to more Datadog customers deploying AI apps in live production, as businesses migrate to cloud infrastructure. For the full year, Datadog now expects revenue of $2.66 billion and adjusted profit between $1.75

Courtesy: theprint.in

Summarized by Einstein Beta 🤖