DigitalOcean (DOCN) Q2 Revenue Tops Consensus, Offers Guidance

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Go back to DigitalOcean (DOCN) Q2 Revenue Tops Consensus, Offers Guidance

DigitalOcean Announces Second Quarter 2021 Financial Results

August 5, 2021 7:00 AM EDT

Revenue Grew 35% to $103.8 million and ARR Increased to $426 million, Up 36% year-over-year

Net Dollar Retention Rate Increased to 113% and Average Revenue Per Customer Grew 25% year-over-year

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced results for its second quarter ended June 30, 2021.

We had an outstanding second quarter with strong revenue growth acceleration and continued improvement in our capital efficiency, said Yancey Spruill, CEO of DigitalOcean. We are excited about the progress we have made... More