DigitalOcean Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
Continues innovation in product, releasing 42 new product features NEW YORK, November 04, 2024 BUSINESS WIRE )--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024. "We had a successful quarter, enabling us to raise our full year revenue guidance while still maintaining full year free cash flow margin guidance," said Paddy Srinivasan, CEO of DigitalOcean. "We continued to accelerate innovation, releasing 42 new product features across our core Cloud and AI platforms in Q3, that directly meet the needs of our larger customers. We made solid progress towards our objective of democratizing access to AI infrastructure and becoming a software-centric AI platform for growing digital-native companies." Third Quarter 2024 Financial Highlights: Revenue was $198 million, an increase of 12% year-over-year. Annual Run-Rate Revenue (ARR) ended the quarter at $798 million, an increase of 12% year-ov
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DOCN
Earnings
- 11/4/24 - Beat
DOCN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 144
- DOCN's page on the SEC website