Datto Holding Corp. (MSP) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

Datto Holding Corp. (NYSE: MSP) reported Q1 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $144.9 million versus the consensus estimate of $143.03 million.

“Our first quarter results represented a great start to the year,” said Tim Weller, Datto’s Chief Executive Officer. “We delivered subscription revenue growth of 17% year over year, added 300 net new partners during the quarter and drove another sequential increase in ARR growth, so the business continues to accelerate. Looking ahead to the rest of 2021, we remain focused on our investments in cloud and security as we give our MSP partners the ability to secure SMB digital assets in a hybrid cloud world no matter where the data and applications live. We see good momentum across the product suite and we are well positioned to capitalize on the large and growing market opportunity ahead of us.”

GUIDANCE:

Datto Holding Corp. sees Q2 2021 revenue of $146-148 million, versus the consensus of $142.4 million.

Datto Holding Corp. sees FY2021 revenue of $594-600 million, versus the consensus of $587.07 million.

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

You May Also Be Interested In

• Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance
• Option Care Health (OPCH) Tops Q1 EPS by 3c, provides guidance
• General Motors (GM) CFO: Expect to return to profits in Q2 in China