Datto Announces First Quarter 2021 Financial Results
Datto Holding Corp. (MSP)
US:NYSE Investor Relations:
madisonfunds.com/individual/madison-strategic-sector-premium-fund
Company Research
Source: Business Wire
First quarter subscription revenue grew 17 percent year-over-year to $135.6 millionARR grew 15 percent year-over-year to $572.5 million NORWALK, Conn.--(BUSINESS WIRE)--Datto Holding Corp. (Datto) (NYSE: MSP), the leading global provider of cloud-based software and security solutions purpose-built for delivery by managed service providers (MSPs), today announced its financial results for the first-quarter ended March 31, 2021.“Our first quarter results represented a great start to the year,” said Tim Weller, Datto’s Chief Executive Officer. “We delivered subscription revenue growth of 17% year over year, added 300 net new partners during the quarter and drove another sequential increase in ARR growth, so the business continues to accelerate. Looking ahead to the rest of 2021, we remain focused on our investments in cloud and security as we give our MSP partners the ability to secure SMB digital assets in a hybrid cloud world no matter where the data and applications live. We see go
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