TECH - Cloud and AI Service Provider DigitalOcean Stock Soars - Here's Why | Benzinga
DigitalOcean Holdings Inc (NYSE:DOCN) shares are trading higher Friday after it reported fiscal first-quarter results.
Revenue grew 12% year over year to $184.73 million, beating the analyst consensus estimate of $182.58 million.
Adjusted EPS of $0.43 surpassed the analyst consensus estimate of $0.38.
Annual Run-Rate Revenue (ARR) ended the quarter at $749 million, up 12% year over year, and Average Revenue Per Customer (ARPU) increased 8% year over year to $95.13.
Builders and Scalers (customers spending over $50 per month) grew 8% Y/Y, and their revenue rose 13% Y/Y in ...