DigitalOcean Announces First Quarter 2024 Financial Results [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
NEW YORK, May 10, 2024 BUSINESS WIRE )--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its first quarter ended March 31, 2024. "The first quarter was a strong start to the year as we position the company to be the leading cloud and AI platform for growing technology businesses," said Paddy Srinivasan, CEO of DigitalOcean. "Our results demonstrate the solid performance of our core cloud and the exciting potential of our AI platform." First Quarter 2024 Financial Highlights: Revenue was $185 million, an increase of 12% year-over-year. Annual Run-Rate Revenue (ARR) ended the quarter at $749 million, representing 12% year-over-year growth. Gross profit of $112 million, an increase of 20% year-over-year, and 61% of revenue. Net income attributable to common stockholders was $14 million and net income margin was 8%. Adjusted EBITDA was $74 million, an increase of 33% year-over
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DOCN
Earnings
- 5/10/24 - Beat
DOCN
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- DOCN's page on the SEC website