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DigitalOcean Holdings, Inc. reports developments in cloud infrastructure, AI inference services, and financial performance for its NYSE-listed common stock. The company provides on-demand infrastructure and platform tools used by developers, startups, small and medium-sized businesses, and AI-native customers for applications, hosting, e-commerce, media, gaming, managed services, and production AI workloads.
Recurring news covers quarterly results, revenue outlooks, customer demand, and product launches across DigitalOcean’s AI-Native Cloud layers: infrastructure, core cloud, inference, data, and managed agents. Company updates also describe inference products such as Inference Engine, Inference Router, Dedicated Inference, and Serverless Inference, as well as completed acquisitions such as Katanemo Labs and its Plano data plane software for agentic applications.
DigitalOcean Holdings (NYSE:DOCN) has launched Managed MongoDB, a fully-managed database service in partnership with MongoDB. This offering simplifies database management for developers, startups, and SMBs by automating setup and administration. Key features include built-in security, point-in-time recovery, and high availability with automated failovers. Managed MongoDB is available in DigitalOcean’s New York, Frankfurt, and Amsterdam data centers, adhering to a simple pricing model. This launch aims to enhance developer productivity and expand DigitalOcean's managed services portfolio.
DigitalOcean Holdings, NYSE: DOCN, will host deploy, a virtual conference for developers and startups on June 29 starting at 9:00 a.m. EDT. Focused on the theme “Power Your Business,” the event will provide insights on building and scaling software applications in the cloud. With eight hours of interactive sessions, attendees will engage in technical demos and workshops, and hear from industry experts, including a keynote by CEO Yancey Spruill. Registration is free at deploy.digitalocean.com.
DigitalOcean (NYSE: DOCN) announced its participation in two virtual investor events this June. The company will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9 and the BofA Securities 2021 Global Technology Conference on June 10. Investors can find more information on specific presentation times and webcasts on their investor relations website. DigitalOcean aims to simplify cloud computing for developers and businesses, aiding in rapid application development and deployment.
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DigitalOcean (NYSE: DOCN) announced CEO Yancey Spruill and CFO Bill Sorenson will participate in two upcoming virtual investor events in May 2021. The events include the Morgan Stanley Life After COVID Thematic Conference on May 19 and the J.P. Morgan Technology, Media and Communications Conference on May 24. Details regarding presentation times and webcasts can be found on their investor relations website. DigitalOcean focuses on simplifying cloud computing to enhance developer productivity and business growth.
DigitalOcean Holdings (DOCN) reported strong Q1 2021 results with revenue of $93.7 million, up 29% year-over-year. The Annual Run-Rate Revenue (ARR) rose 30% to $388 million, and adjusted EBITDA increased to $30.7 million with a margin of 33%, compared to 25% in Q1 2020. The company successfully executed an IPO, raising $723.1 million and eliminating all debt. DigitalOcean anticipates Q2 revenue between $97 and $99 million and full-year revenue of $405 to $409 million.
DigitalOcean (NYSE: DOCN) will report its financial results for the first quarter ending March 31, 2021, on May 6, 2021, before the market opens. A conference call will take place at 8:00 AM ET to discuss these results and the company's future outlook. Investors can access the call by dialing specific numbers or through a live webcast on DigitalOcean's investor relations website. The call replay will be available until May 13, 2021, at 11:59 PM ET.
DigitalOcean aims to simplify cloud computing for developers, startups, and SMBs, enabling faster application development and deployment.
DigitalOcean has announced the pricing of its initial public offering (IPO) of 16,500,000 shares of common stock at $47.00 per share. The shares will commence trading on the New York Stock Exchange under the ticker symbol DOCN on March 24, 2021, with the offering expected to close on March 26, 2021, pending customary conditions. Major underwriters include Morgan Stanley, Goldman Sachs, and J.P. Morgan. A registration statement has been filed with the SEC, and the offering will only be made via a prospectus.