In late Q2, at DigitalOcean’s virtual conference for developers and startups, deploy, the company announced Managed MongoDB, a new, fully-managed database as a service (DBaaS) offering which helps developers of all skill levels easily spin up MongoDB clusters on DigitalOcean.īased on information available as of August 5, 2021, for the third quarter of 2021 we expect:įully diluted weighted average shares outstanding of 119 to 121 million shares.įully diluted weighted average shares outstanding of 115 to 117 million shares.Ĭapital expenditures as a percentage of revenue of 25% to 26%.Ī reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Net Dollar Retention Rate (NDR) was 113%, an increase of 1,100 basis points from the second quarter 2020.Īverage Revenue Per Customer (ARPU) in the quarter was $58.07, an increase of 25% over the second quarter 2020. Total customers of approximately 602K at the end of the quarter, up 9% as compared to the second quarter 2020. Second Quarter 2021 Operational Highlights: Loss from operations was $2.6 million and operating margin was (3)% as compared to income from operations of $1.8 million and operating margin of 2% in the prior year period.Īdjusted EBITDA was $31.4 million and adjusted EBITDA margin was 30% of revenue as compared to adjusted EBITDA of $23.9 million and adjusted EBITDA margin of 31% in the prior year period.Ĭapital expenditures were $26.0 million or 25% of revenue as compared to $30.8 million or 40% of revenue in the prior year period.Ĭash, cash equivalents, and restricted cash were $579.4 million with zero debt as of June 30, 2021. GAAP Gross Profit of $60.7 million or 58% of revenue and adjusted Gross Profit of $81.1 million or 78% of revenue. Revenue was $103.8 million, an increase of 35% year-over-year.Īnnual Run-Rate Revenue (ARR) ended the quarter at $426 million, an increase of 36% year-over-year. Second Quarter 2021 Financial Highlights: Adding to the strong quarter, we introduced Managed MongoDB which will continue to drive the revenue growth from our managed service offerings.” “We are excited about the progress we have made in leveraging simplicity across our business to better serve our customers and believe we have a path to a durable 30%+ growth rate for 2021 and next year. “We had an outstanding second quarter with strong revenue growth acceleration and continued improvement in our capital efficiency,” said Yancey Spruill, CEO of DigitalOcean. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced results for its second quarter ended June 30, 2021. Net Dollar Retention Rate Increased to 113% and Average Revenue Per Customer Grew 25% year-over-yearĭigitalOcean Holdings, Inc. Revenue Grew 35% to $103.8 million and ARR Increased to $426 million, Up 36% year-over-year
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