DigitalOcean Holdings Inc (N:DOCN)
Business Focus: Cloud Computing Services
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 101 Avenue Of The Americas, 10Th Floor NEW YORK NY 10013 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Paddy Srinivasan Chief Executive Officer, Director | W. Matthew Steinfort Chief Financial Officer, Interim Chief Accounting Officer | Jeffrey H. Guyton Chief Operating Officer |
| Matthew Norman Chief People Officer | Alan Shapiro General Counsel | Muhammad Aaqib Gadit Chief Revenue Officer | Megan Wood Chief Strategy Officer |
| Business Overview |
| DigitalOcean Holdings, Inc. provides cloud computing platform offering on-demand infrastructure, platform and software tools for startups and small and medium-sized businesses (SMBs). The Company provides SMBs with a comprehensive suite of cloud offerings, advanced networking and the flexibility to harness both Graphics Processing Units (GPUs) and Central Processing Units (CPUs) capabilities. It offers mission-critical solutions across Infrastructure-as-a-Service (IaaS), including its Droplet virtual machines, storage, and networking offerings; Platform-as-a-Service (PaaS), including its Managed Database and Managed Kubernetes offerings; and Software-as-a-Service (SaaS), including its Managed Hosting and Marketplace offerings. Its customers use its platform across numerous industry verticals and for a range of use cases, such as Web and mobile applications, Website hosting, media and gaming, personal Web projects, managed services, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, DigitalOcean Holdings Inc revenues increased 12% to $184.7M. Net income totaled $14.1M vs. loss of $16.4M. Revenues reflect Asia segment increase of 17% to $44.3M, Europe segment increase of 12% to $53.6M. Net Income reflects Restructuring and other charges decrease from $20.9M (expense) to $0K, Stock-based Compensation inA decrease of 36% to $9.2M (expense). |
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