DigitalOcean (DOCN) Tops Q3 EPS by 5c

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DigitalOcean Announces Third Quarter 2021 Financial Results

November 4, 2021 7:00 AM EDT

Revenue Growth Accelerated to 37% and Net Dollar Retention Rate Increased to 116%

Average Revenue Per Customer Grew 28% Year-over-Year

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

We are excited about the continued acceleration across our business, said Yancey Spruill, CEO of DigitalOcean. We are building the foundation for durable 30%+ revenue growth with strong free cash flow generation driven by investments in product innovation to support our customers' needs and sales and... More