Datto Announces First Quarter 2022 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 18% year-over-year to $160.5 million and 20% in constant currencyARR grew 20% year-over-year to $689.3 million NORWALK, Conn.--(BUSINESS WIRE)--Datto Holding Corp. (Datto) (NYSE: MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today announced its financial results for the first quarter ended March 31, 2022.“We had a strong start to 2022, achieving 20% subscription revenue growth in constant currency terms for the first time since going public,” said Tim Weller, Datto’s Chief Executive Officer. “We added 700 net new MSP partners during the quarter, our best quarter of partner additions in over two years, and we continued to expand ARR per MSP. Our security-first product offerings are clearly resonating in today’s market. Finally, we entered into a definitive agreement for Kaseya to acquire Datto, in an all-cash transaction in which Datto stockholders will rece
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