DigitalOcean (DOCN) Misses Q1 EPS by 5c

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Go back to DigitalOcean (DOCN) Misses Q1 EPS by 5c

DigitalOcean Announces First Quarter 2022 Financial Results

May 4, 2022 4:00 PM EDT

First Quarter Revenue Grew 36% with Net Dollar Retention of 117%

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

Generated 4% Free Cash Flow Margin

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced results for its first quarter ended March 31, 2022.

"Despite an uncertain macro environment, we had a good start to the year with strong growth and free cash flow," said Yancey Spruill, CEO of DigitalOcean. "We are focused on broadening our product offerings,... More