Datto Holding Corp. (MSP) Misses Q3 EPS by 1c, Slight Beat on Revenues; Offers 4Q & FY20 Revenue Guidance Above Consensus

Datto Holding Corp. (NYSE: MSP) reported Q3 EPS of $0.18, $0.01 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $130.7 million versus the consensus estimate of $130.27 million.

“We are pleased to report strong third-quarter 2020 results as a newly public company. Both subscription revenue and ARR grew 17 percent year-over-year driven by expansion from existing managed service provider partners as they deployed more Datto solutions to more of their end clients, and by the addition of new partners,” said Tim Weller, Datto’s Chief Executive Officer. “Our sequential ARR growth of $16 million is evidence of the reacceleration of our business and the tailwinds from the digital transformation of small and medium businesses (SMBs). We continue to create enterprise-grade technology for SMBs delivered through our growing, global network of managed service provider partners. Our commitment to the MSP ecosystem is what makes Datto unique - it is the foundation of our strategy and culture.”

GUIDANCE:

Datto Holding Corp. sees Q4 2020 revenue of $133-135 million, versus the consensus of $130.62 million.

Datto Holding Corp. sees FY2020 revenue of $512.8-514.8 million, versus the consensus of $509.91 million.

For earnings history and earnings-related data on Datto Holding Corp. (MSP) click here.

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