DigitalOcean's EPS, Revenue Outperform
DigitalOcean reported better-than-expected fourth-quarter earnings, driven by strong revenue growth and successful product innovations.
DigitalOcean (NYSE:DOCN), a cloud service provider focusing on startups and small digital enterprises, reported fourth quarter 2024 earnings on Tuesday, Feb. 25, that topped analysts' consensus estimates. Adjusted EPS of $0.49 came in well ahead of the anticipated $0.34 while Q4 revenue reached $204.9 million, exceeding expectations of $200.6 million.
Overall, the quarter was robust, showcasing solid growth and product innovation despite competitive challenges.
Source: DigitalOcean. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
