TPI Composites Inc. (NASDAQ: TPIC) reported a solid start to 2025 with first-quarter revenue climbing 14% year-over-year to $336.2 million. Wind blade sales contributed $329 million, reflecting a 13.9% rise from the same period last year.
Despite the top-line growth, TPIC posted an adjusted EBITDA loss of $10.3 million, impacted by a $12.7 million warranty-related charge. However, the EBITDA margin improved to -3.1%, compared to -7.8% in Q1 2024, signaling operational progress.
Cash flow from operating activities turned positive at $4.6 million, with free cash flow improving significantly to -$1.9 million, up from -$47.3 million the previous year. The company closed the quarter with $172 million in cash and $616 million in total debt.
TPIC’s field service, inspection, and repair segment saw notable growth, generating $7.1 million in sales—a 38.4% increase year-over-year.
Looking ahead, TPIC has provided 2025 guidance with expected revenue between $1.4 billion to $1.5 billion, and a revised adjusted EBITDA margin projection of 0% to 2%. Planned capital expenditures are estimated at $25 million to $30 million.
The reopening of the Newton, Iowa facility is on schedule and is anticipated to generate approximately 400 new jobs, with the potential to scale up to 1,000 based on future demand.
However, the company faces considerable headwinds, including a $12.7 million warranty impact, intense competition from Chinese manufacturers, and economic instability in Turkiye, prompting organizational restructuring. TPIC also received a Nasdaq compliance notice due to its stock trading below the minimum bid price, with a compliance deadline set for October 29, 2025.
During the earnings call, CEO William Siwek clarified that the current strategic review is a more formalized process, focused on improving the balance sheet for long-term financial health. Additionally, he highlighted concerns over recent legislative developments, such as the phase-out of 45Y and the 2027 sunset of 45X, noting the uncertainties around transferability and timing implications for wind projects.
Siwek also addressed the potential expansion of operations in Iowa, noting that five production lines could be activated, pending market demand and evolving policy conditions.
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Source: Finance.yahoo.com
ImmunityBio, Inc. (NASDAQ: IBRX) reported a strong start to 2025, with net product revenue reaching approximately $16.5 million for the first quarter ended March 31, marking a 129% increase from Q4 2024’s $7.2 million. This surge follows the January introduction of a permanent J-code (J9028), simplifying billing and reimbursement for prescribing providers.
Sales of ANKTIVA®, the company’s immunotherapy for bladder cancer, also soared, with unit volumes jumping 150% compared to the previous quarter. March alone saw a 69% increase in monthly unit sales over February, highlighting continued momentum.
ImmunityBio is also seeing growing participation in its recombinant BCG (rBCG) Expanded Access Program, with close to 200 urology practices across the U.S. enrolling. The program addresses the ongoing BCG shortage and expands access to treatment, particularly in rural regions.
At AUA 2025, the company shared promising long-term data from its QUILT 3.032 study, noting durable responses and a high rate of cystectomy avoidance in patients with non-muscle invasive bladder cancer (NMIBC).
To support its expanding operations, ImmunityBio successfully closed a $75 million equity financing round in April 2025.
President and CEO Richard Adcock highlighted the increased adoption of ANKTIVA and the positive impact of the rBCG rollout, emphasizing the company’s commitment to making advanced therapies more widely available.
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Source: Finance.yahoo.com
Fox Corporation (FOX) delivered stronger-than-expected results for its fiscal third quarter, with significant gains fueled by Super Bowl ad sales and digital growth. The media company reported adjusted earnings per share of $1.10, surpassing analyst expectations of $0.93. Revenue surged 27% year-over-year to $4.37 billion, exceeding the projected $4.19 billion.
A key driver behind the impressive performance was a 65% increase in advertising revenue, largely attributed to Super Bowl LIX, which generated more than $800 million in gross ad sales. The game, featuring the Philadelphia Eagles’ 40-22 win over the Kansas City Chiefs, attracted a record-breaking average audience of 127.7 million, peaking at 137.7 million viewers.
Fox also credited the rise in digital ad revenue to the continued expansion of its Tubi platform, alongside higher viewership and improved pricing in its news division.
Fox shares rose nearly 5% in early trading, building on a modest 2% year-to-date gain. The broader market was also up amid optimism over eased trade tensions between the U.S. and China.
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Source: Finance.yahoo.com
Key Takeaways
- Cloudflare beat revenue estimates as it signed two record deals.
- The cloud services provider inked its largest contracts by size and longest-term secure access service edge (SASE).
- Shares of Cloudflare surged 9% Friday morning and are up about 25% in 2025.
Cloudflare (NET) shares took off Friday, a day after the provider of cloud services beat revenue estimates as it signed a pair of big contracts.
The company reported first-quarter revenue jumped 27% year-over-year to $479.1 million, beating Visible Alpha estimates by about $10 million. However, adjusted earnings per share of $0.16 came in a penny below forecasts.
CEO and co-founder Matthew Prince said Cloudflare scored the largest contract in its history, a more than $100 million deal driven by its Workers developer platform. It also signed its longest-term secure access service edge (SASE) contract ever.
Prince added that Cloudflare has “the scale, the technology, and the team to capture the massive opportunity ahead of us.”
The company sees full-year adjusted EPS of $0.79 to $0.80, and revenue of $2.090 billion to $2.094 billion. Analysts surveyed by Visible Alpha were looking for $0.80 and $2.095 billion, respectively.
Shares of Cloudflare surged 9% and are up about 25% in 2025.
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- Revenue: $1.13 billion, up 4% year-over-year in pro forma constant currency.
- Free Cash Flow: $181 million, excluding restructuring-related payments.
- Non-GAAP Earnings Per Share (EPS): $1.78, above guidance range.
- 12-Month Backlog: $4.17 billion, up 3.5% pro forma from a year ago.
- Non-GAAP Operating Margin: 21.3%, improved by 10 basis points sequentially.
- Managed Services Revenue: $747 million, up 3.7% year-over-year.
- Cash Balance: Approximately $324 million.
- Share Repurchase: $135 million repurchased; new $1 billion share repurchase plan authorized.
- Dividend Payments: $54 million in the second fiscal quarter.
- Warning! GuruFocus has detected 4 Warning Sign with DGII.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Amdocs Ltd (NASDAQ:DOX) reported revenue of $1.13 billion for the second quarter, exceeding the midpoint of their guidance and marking a 4% increase from the previous year in pro forma constant currency.
- The company achieved a 10 basis point improvement in profitability sequentially, reflecting ongoing internal efficiency gains.
- Amdocs Ltd (NASDAQ:DOX) generated robust free cash flow of $181 million, excluding restructuring-related payments, supported by healthy customer cash collection.
- The 12-month backlog increased to $4.17 billion, up by 3.5% pro forma from a year ago, indicating strong future revenue visibility.
- Amdocs Ltd (NASDAQ:DOX) continues to see strong sales momentum in cloud services, with significant projects involving major partners like Microsoft and AWS, and expects double-digit growth in cloud-related revenue for fiscal 2025.
Negative Points
- Despite the positive revenue growth, reported revenue declined by 9.4% from a year ago due to the phaseout of certain low-margin business activities.
- The company is facing a challenging macroeconomic environment with rising global uncertainty, which could impact customer spending behavior.
- There is a potential risk of foreign currency fluctuations impacting financial results, as indicated by a $2 million negative impact in the second quarter.
- Amdocs Ltd (NASDAQ:DOX) is closely monitoring the indirect impact of macroeconomic conditions on customer spending, which could affect future growth.
- The company has yet to see significant material contributions from AI-related projects, with many initiatives still in the proof-of-concept stage.
Q & A Highlights
Q: Can we focus on AI a minute? Are you starting to see material contributions to revenue growth from AI or improvements to the product? How are you working with NVIDIA on AI? Is cloud growth accelerating, and is AI helping that growth?
A: We see GenAI activities strongly connected with data, which overlaps with cloud as data moves to platforms like Microsoft and AWS. This supports revenue growth. We see good signs of POCs maturing into real deals, which will be more evident in future quarters. Our collaboration with NVIDIA has progressed, especially in network automation, building on NVIDIA tools.
Q: Great improvement to the margins here. Are you using AI to improve your own productivity much? Can you continue the pace of margin improvements going forward?
A: We are actively working on three pillars: offering GenAI-enabled products, using GenAI tools for software development and operations, and improving efficiencies. We see progress in deploying these tools, which supports our productivity and efficiency improvements.
Q: Can you talk about customer spending behavior this quarter versus last quarter? Are clients changing anything due to macroeconomic risks?
A: We haven’t seen any change in customer spending behavior. They were cautious before due to macroeconomic factors, but there hasn’t been a change in the last few months.
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Source: https://finance.yahoo.com/news/amdocs-ltd-dox-q2-2025-073406839.html
- Total Revenue: $223 million, a 6% increase over the same period last year.
- Adjusted EPS: Increased 11% year-over-year.
- Commercial Services Revenue Growth: 6% year-over-year.
- Government Solutions Service Revenue Growth: 4% over the prior year.
- T2 Systems Revenue: Increased 2% for the quarter.
- Net Income: $32 million for the quarter.
- GAAP Diluted EPS: $0.20 per share, compared to $0.17 per share in the prior year period.
- Adjusted EBITDA: $95 million, a 3% increase versus last year.
- Free Cash Flow: $42 million for the quarter.
- Net Debt Balance: $935 million, with a net leverage of 2.3x.
- Full Year 2025 Revenue Guidance: $925 million to $935 million.
- Full Year 2025 Adjusted EBITDA Guidance: $410 million to $420 million.
- Full Year 2025 Adjusted EPS Guidance: $1.30 to $1.35 per share.
- Full Year 2025 Free Cash Flow Guidance: $175 million to $185 million.
- Warning! GuruFocus has detected 4 Warning Signs with AIRG.
Positive Points
- Verra Mobility Corp (NASDAQ:VRRM) reported a 6% increase in total revenue for the first quarter, reaching $223 million, surpassing internal expectations.
- Adjusted EPS grew by 11% year-over-year, driven by strong operating performance, share repurchases, and reduced interest rates on term loan debt.
- The company secured a significant contract with the New York City Department of Transportation to manage automated enforcement safety programs for a 5-year period.
- Government Solutions service revenue increased by 4%, with a 7% growth outside of New York City, driven by expansion from existing customers and new cities implementing photo enforcement programs.
- Verra Mobility Corp (NASDAQ:VRRM) maintained a strong free cash flow generation, with $42 million of free cash flow for the quarter, exceeding internal expectations.
Negative Points
- There is a broader pullback in consumer confidence levels, impacting travel demand, as evidenced by U.S. air carriers cutting their forecasts.
- The company anticipates a modest deceleration of travel volumes in the second half of 2025 due to uncertain economic conditions.
- Commercial Services segment profit was partially offset by ERP implementation costs and higher bad debt expense due to a nonrecurring write-down of receivables.
Q & A Highlights
Q: When is the New York City contract expected to be finalized, and when will there be more clarity on its impact on Verra Mobility’s business?
A: David Roberts, CEO, stated that the contract is expected to be finalized in the next 60 to 90 days.
Q: Can you provide more details on the attractive pipeline mentioned for Q2 and any updates on city-level RFPs in California?
A: David Roberts, CEO, mentioned that the pipeline is ahead of internal expectations, and they are awaiting updates on RFPs for San Jose and Oakland in California.
Q: Is the guidance pointing to the low end due to real-time slowing of travel and commercial services revenue, or is it more of an anticipation of softer volumes in the back half of the year?
A: Craig Conti, CFO, explained that it’s more of an anticipation based on revised outlooks from airlines, with a slight decline observed but not material enough to impact guidance significantly.
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Source: https://finance.yahoo.com/news/verra-mobility-corp-vrrm-q1-073706784.html
- Revenue: $107.2 million, up 15% year-over-year.
- Adjusted EBITDA: $19.4 million, with an 18% margin, improving by 100 basis points from the previous year.
- Free Cash Flow: $27.4 million, up 31.6% year-over-year.
- Marketplace Revenue: $77.7 million, driven by 3.5 million active buyers and $309 spend per buyer.
- Marketplace Take Rate: 27.7%.
- Services Revenue: $29.5 million, representing 94% year-over-year growth.
- Stock Repurchase Program: Additional $100 million authorized.
- Full Year 2025 Revenue Guidance: $425 million to $438 million, representing 9% to 12% growth.
- Full Year 2025 Adjusted EBITDA Guidance: $84 million to $90 million, with a 20% margin at the midpoint.
- Q2 2025 Revenue Guidance: $105 million to $109 million, representing 11% to 15% growth.
- Q2 2025 Adjusted EBITDA Guidance: $20 million to $22 million, with a 20% margin at the midpoint.
- Warning! GuruFocus has detected 3 Warning Signs with FVRR.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Fiverr International Ltd (NYSE:FVRR) exceeded expectations in both revenue and adjusted EBITDA for Q1 2025.
- The company reported a 15% year-over-year increase in revenue, reaching $107.2 million.
- Fiverr Pro and Fiverr Go showed strong engagement and conversion improvements, contributing to the company’s growth.
- The company closed several large deals, including a $200,000 engagement with a book publishing company.
- Fiverr’s strategic focus on going upmarket, expanding value-added services, and leveraging AI positions it for continued success.
Negative Points
- The overall demand for freelancing remains stable, with no significant increase observed.
- There is no real inflection in the freelancing demand environment, indicating a flat macroeconomic impact.
- Active buyer trends show a decline, as the company focuses on acquiring larger customers with higher lifetime value.
- The company faces challenges in maintaining quality while scaling Fiverr Go across more categories and segments.
- Despite strong performance, the company has not seen a change in macroeconomic conditions, which remain flat.
Q & A Highlights
Q: Can you discuss the progress and future plans for Fiverr Go, and provide insights on the broader demand environment?
A: Micha Kaufman, CEO, explained that Fiverr Go is designed to enhance customer satisfaction and conversion rates. It provides a high-confidence experience for customers and reduces operational effort for talent. The product has shown strong product-market fit, with significant conversion improvements. The focus now is on scaling while maintaining quality. On the macro front, the demand for freelancing remains stable, and Fiverr has leveraged opportunities to drive incremental upsides, particularly in business solutions.
Q: Could you elaborate on the dynamics for buyers using Fiverr Go?
A: Micha Kaufman, CEO, noted that buyers appreciate Fiverr Go for its always-on availability, instant responses, and personalized interactions that mimic the seller’s style. This leads to higher and faster conversion rates. The AI assistant provides a seamless experience, often indistinguishable from human interaction, enhancing buyer satisfaction and decision-making confidence.
Q: How sustainable is the growth in services revenue, and what drives your current optimism?
A: Ofer Katz, CFO, stated that services revenue growth is sustainable and expected to increase, reaching 30% of total revenue by year-end. This is driven by the value provided through services like Seller Plus and AutoDS. Micha Kaufman, CEO, expressed optimism due to successful investments in upmarket strategies and the positive impact of Fiverr Go, which benefits the entire community.
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Source: https://finance.yahoo.com/news/fiverr-international-ltd-fvrr-q1-071419526.html
- Software & Services revenue grows 39% to $263 million
- Annual recurring revenue grows 34% to $1.1 billion
- Net income of $88 million supports non-GAAP net income of $115 million and Adjusted EBITDA of $155 million
- Raises full year revenue outlook to a range of $2.60 billion to $2.70 billion, up from $2.55 billion to $2.65 billion
Axon delivered a strong start to 2025, achieving record quarterly revenue while maintaining healthy margins and reinforcing our foundation for long-term growth through continued product innovation and a strengthened balance sheet. First quarter revenue reached $604 million, representing 31% year-over-year growth and marking our 13th consecutive quarter of growth exceeding 25%. We continued to demonstrate profitable expansion, with a net income margin of 14.6% and an Adjusted EBITDA margin of 25.7%.
Our performance was led by Software & Services, which generated $263 million in revenue, up 39% year over year, driven by robust demand for our premium software offerings and an expanding user base. Customers continue to find increasing value in our growing suite of solutions, with Annual Recurring Revenue (ARR) increasing 34% year over year to $1.1 billion and net revenue retention of 123%.
Connected Devices revenue totaled $341 million, up 26% year over year, with growth across all major device categories. TASER revenue grew 19% year over year to $195 million, reflecting continued strength in demand for TASER 10. Personal Sensors revenue grew 30% year over year to $88 million, driven by Axon Body 4. Our newly introduced Platform Solutions category generated $57 million in revenue, growing 51% year over year, fueled by demand for VR training and counter drone equipment.
Select Highlights
Axon Week 2025
In April, we hosted our tenth annual user conference, Axon Week 2025, where we outlined our vision for the future of public safety technology. Attendance at this year’s event exceeded 2,500 participants, more than doubling over the past two years and underscoring the growing strength of our customer relationships. Across nearly 90 breakout sessions and daily keynotes, we highlighted innovations designed to meet the evolving challenges faced by public safety professionals.
We cannot guarantee that any forward-looking statement will be realized, although we believe we have been prudent in our plans and assumptions. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. The following important factors could cause actual results to differ materially from those in the forward-looking statements: our exposure to cancellations of government contracts due to non-appropriation clauses, exercise of a cancellation clause or non-exercise of contractually optional periods; the ability of law enforcement agencies to obtain funding, including based on tax revenues; our ability to design, introduce and sell new products, services or features; our ability to defend against litigation and protect our intellectual property, and the resulting costs of this activity; our ability to win bids through the open bidding process for governmental agencies; our ability to manage our supply chain and avoid production delays, shortages and impacts to expected gross margins.
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Source: https://finance.yahoo.com/news/axon-reports-q1-2025-revenue-200100542.html
Footwear, accessories and apparel retailer Steve Madden has recorded a marginal revenue increase in the first quarter (Q1) of fiscal year 2025 (FY25), reaching $553.53m compared to $552.38m in the corresponding quarter of the previous year.
The company’s wholesale segment saw a 0.2% uptick in revenue, while direct-to-consumer revenues experienced a 0.2% drop.
In the quarter ending 31 March 2025, Steve Madden maintained a physical presence with 314 retail stores and five e-commerce platforms. The brand operated 61 concessions internationally.
The company’s gross profit witnessed an increase to $226.27m in Q1 FY25, from $224.82m in the same quarter of the previous year. Its gross profit margin also saw a slight improvement, reaching 40.9% compared to 40.7% in Q1 FY24.
However, operating expenses as a percentage of revenue rose to 32.0%, from 29.8% in the same period of 2024.
Steve Madden suffered a decline in income from operations to $53.49m from $56.75m reported in Q1 FY24.
Net income attributable to the company also decreased to $40.42m, or $0.57 per diluted share, compared to $43.94m, or $0.60 per diluted share, recorded in the same period of the previous year.
Steve Madden chairman and chief executive officer Edward Rosenfeld stated: “We were pleased with our performance in the first quarter, as our team’s strong execution of our strategy enabled us to deliver earnings results that significantly exceeded expectations.”
In light of economic uncertainties and new tariffs affecting imports into the US, Steve Madden has withdrawn its financial guidance for 2025 initially issued on 26 February 2025, and refrained from providing current guidance.
“Looking ahead, we face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the United States. We are moving swiftly to adapt to the changing landscape, with a focus on mitigating near-term impacts while positioning the company for long-term growth,” Rosenfeld added.
Steve Madden recently completed its previously announced acquisition of UK-based Kurt Geiger, for an enterprise value of £289m.
“Steve Madden reports revenue up in Q1 FY25 and withdraws guidance” was originally created and published by Retail Insight Network, a GlobalData owned brand.
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Source: https://finance.yahoo.com/news/steve-madden-reports-revenue-q1-152557794.html
First Quarter 2025 Financial Highlights:
- Net revenue of $283.6 million increased 6.9% year over year
- Adjusted EBITDA was $29.1 million with adjusted EBITDA margin of 10.3%
- Adjusted net income was $14.2 million with adjusted diluted earnings per share of $0.67
- Q2 2025 revenue outlook between $285 million and $305 million versus $278.6 million in year-ago period
- The Board of Directors declared a $0.15 per share cash dividend
Heidrick & Struggles International, Inc. (Nasdaq: HSII) (“Heidrick & Struggles”, “Heidrick” or the “Company”), a premier provider of global leadership advisory and on-demand talent solutions, today announced financial results for its first quarter ended March 31, 2025.
“Our first quarter results exceeded the high end of our outlook, a testament to our resilient business model, our team’s intense focus, and the deep trust that clients place in Heidrick,” said Tom Monahan, CEO of Heidrick & Struggles. “When navigating economic uncertainty, we remain committed to serving as a highly strategic advisor, helping organizations turn complexity into opportunity. In addition, our new leadership team is focused on sharpening execution and ensuring our professionals have the resources to deliver exceptional results.
While mindful of current macroeconomic conditions, we know that by staying close to our clients and enabling our exceptional professionals with new tools and solutions, we can continue to engineer differentiated, deep and durable client partnerships. We are confident in our ability to create lasting value for our clients, our people and our shareholders.”
2025 First Quarter Results
Consolidated net revenue increased 6.9% to $283.6 million in the 2025 first quarter compared to consolidated net revenue of $265.2 million in the 2024 first quarter (up 8.1%, or $21.6M on a constant currency basis). The revenue increase was driven by year-over-year growth in each of the Company’s lines of business — Executive Search, On-Demand Talent, and Heidrick Consulting.
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Source: https://finance.yahoo.com/news/heidrick-struggles-delivers-7-revenue-200100345.html
Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the first quarter ended March 31, 2025.
“Our Rule of 40 score increased to 83% in the last quarter, once again breaking the metric. We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S. where our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate,” said Alexander C. Karp, co-founder and chief executive officer of Palantir Technologies. “We are delivering the operating system for the modern enterprise in the era of AI. Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.”
Q1 2025 Highlights
- U.S. revenue grew 55% year-over-year and 13% quarter-over-quarter to $628 million
- U.S. commercial revenue grew 71% year-over-year and 19% quarter-over-quarter to $255 million
- U.S. government revenue grew 45% year-over-year and 9% quarter-over-quarter to $373 million
- Revenue grew 39% year-over-year and 7% quarter-over-quarter to $884 million
- Closed 139 deals of at least $1 million, 51 deals of at least $5 million, and 31 deals of at least $10 million
- Booked our highest quarter of U.S. commercial total contract value (“TCV”) of $810 million, up 183% year-over-year
- U.S. commercial remaining deal value (“RDV”) of $2.32 billion, up 127% year-over-year and 30% quarter-over-quarter
Outlook
For Q2 2025, we expect:
- Revenue of between $934 – $938 million.
- Adjusted income from operations of between $401 – $405 million.
For full year 2025:
- We are raising our revenue guidance to between $3.890 – $3.902 billion.
- We are raising our U.S. commercial revenue guidance to in excess of $1.178 billion, representing a growth rate of at least 68%.
- We are raising our adjusted income from operations guidance to between $1.711 – $1.723 billion.
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Source: https://finance.yahoo.com/news/palantir-reports-q1-2025-revenue-200500672.html
Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads.
The company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform.
On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk.
“We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments,” CEO Olivier Pomel said.
Datadog’s newer products, such as App Builder and On-Call, are outperforming, and its security monitoring is seeing significant customer interest, analysts have said.
The company now expects full-year 2025 revenue to be between $3.22 billion and $3.24 billion, compared with its prior forecast of between $3.18 billion and $3.20 billion. Analysts on average expect $3.20 billion in annual revenue, according to data compiled by LSEG.
It also forecast second-quarter revenue above estimates.
Total revenue in the first quarter was up 25% from a year earlier to $761.6 million, compared with analysts’ estimate of $741.5 million.
On an adjusted basis, the company earned 46 cents per share compared with the estimate of 43 cents per share.
At the end of the first quarter, Datadog had about 3,770 customers with annual recurring revenue of $100,000 or more, an increase of 13% from a year earlier.
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Source: https://finance.yahoo.com/news/datadog-lifts-annual-revenue-forecast-124716686.html