Yazılar

Datadog Raises Q3 Revenue Forecast Amid Growing Cloud Security Demand

/in /tarafından

Datadog, the cloud security and monitoring firm, projected third-quarter revenue above Wall Street expectations on Thursday, driven by increasing enterprise investment in AI and cloud technologies. The company’s shares surged over 10% in premarket trading.

Datadog’s platform, used by clients like Samsung, NASDAQ, and Comcast, supports real-time monitoring and analytics of cloud applications to ensure performance, reliability, and security. As businesses accelerate cloud migration and AI adoption, demand for Datadog’s products has risen significantly.

The company unveiled 125 new innovations designed to enhance customers’ ability to observe, secure, and manage complex cloud and AI environments. For Q3, Datadog anticipates revenue between $847 million and $851 million, exceeding analyst estimates of $819.9 million, and adjusted earnings per share of 44 to 46 cents, above the 42-cent forecast.

In Q2, Datadog reported revenue of $827 million, beating estimates of $791.1 million, with adjusted earnings per share of 46 cents versus expected 42 cents.

EPAM Systems Raises 2025 Revenue and Profit Forecasts on Strong AI-Driven Demand

/in /tarafından

EPAM Systems boosted its annual revenue and profit outlook on Thursday, driven by robust demand for its software services as companies continue heavy investments in artificial intelligence technologies. The company also exceeded second-quarter earnings expectations, pushing its shares up over 5% in premarket trading.

The software provider, known for its consulting, cloud, AI transformation, and engineering services, reported broad-based revenue growth across key industry sectors including financial services, healthcare, software, and consumer goods, as well as across global regions.

“As our clients prioritize their AI-readiness and preparatory actions, they are increasingly turning to us to build out their data and AI foundation,” said Chief Revenue Officer Balazs Fejes, who is set to become CEO in September.

EPAM now projects 2025 annual revenue growth between 13% and 15%, revised upward from a previous range of 11.5% to 14.5%. Analysts had expected 13.4%, according to LSEG data. The company also raised its adjusted earnings per share forecast to between $10.96 and $11.12, surpassing the prior guidance of $10.70 to $10.95 and analysts’ estimate of $10.85.

For the third quarter, EPAM anticipates revenue of $1.37 billion to $1.38 billion and adjusted earnings per share between $2.98 and $3.06, both above market expectations.

In Q2, the company posted revenue of $1.35 billion, an 18% increase year-over-year that beat estimates of $1.33 billion. Adjusted earnings per share of $2.77 also surpassed the forecast of $2.61.

Bumble’s Paying User Decline Raises Concerns Amid AI-Driven Revamp

/in /tarafından

Bumble, the dating app operator, reported a decline in paying users during the second quarter, casting doubts on the speed of its AI-fueled turnaround efforts and causing its shares to drop 8% in after-hours trading. The company’s paying user base fell 8.7% to 3.8 million, highlighting ongoing challenges in re-engaging its core audience.

Despite deploying artificial intelligence tools to fight industry-wide “dating fatigue,” analysts note that Bumble lags behind larger rival Match Group, whose AI initiatives are more advanced. Bumble’s recent AI-powered coaching hub aims to enhance user experience by blending human expertise with machine learning, but much of its innovation remains in early testing stages.

Financially, Bumble posted a net loss of $367 million in Q2, including $404.9 million in non-cash impairment charges, a significant turnaround from a net profit of $37.7 million a year earlier. The company did not elaborate on the one-time costs.

To attract younger users, Bumble plans to launch a new Bumble BFF app this month aimed at Gen Z, alongside community-driven offline events designed to foster friendships beyond dating.

Revenue for the quarter came in at $248.2 million, slightly above analysts’ expectations of $245.1 million. For the third quarter, Bumble forecasts revenue between $240 million and $248 million, exceeding the average estimate of $241.4 million.

The company also announced a leadership change, appointing Kevin Cook—formerly CFO at Cloudera—as its new CFO, effective August 12, replacing interim CFO Ronald Fior.