The software sector is booming $IGV



Results $DDOG Datadog before the opening were the spark:
- Revenue = $1.01 billion with a +32% annual growth (beating expectations by +5%)
- Earnings per share = $0.60 (beating expectations of $0.52 by +15%) with a +30% annual growth
- Free cash flow = $289 million with a 29% margin
- Customers spending +$100,000 annually = 5,000 customers with a +21% growth
- Q2 guidance = $1.07 billion with a +29% growth (beating expectations of $995 million) and earnings per share = $0.57 - $0.59 (beating expectations of $0.52)
- Full-year guidance raised by $200 million and exceeded expectations:
* Revenue = $4.30 billion (beating expectations of $4.1 billion)
* Earnings per share = $2.36 - $2.44 (beating expectations of $2.20)

The stock $DDOG jumped +30% after the results

After the strong results of $DDOG and $TEAM , if upcoming results of $CRM and $ADBE come with the same momentum, the market will reprice the entire sector!

$IGV
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