Datto Announces First Quarter 2021 Financial Results
Datto Holding Corp. (NYSE: MSP) reported strong financial results for Q1 2021, with subscription revenue reaching $135.6 million, up 17% year-over-year.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Datto Holding Corp. (Datto) (NYSE: MSP), the leading global provider of cloud-based software and security solutions purpose-built for delivery by managed service providers (MSPs), today announced its financial results for the first-quarter ended March 31, 2021.
“Our first quarter results represented a great start to the year,” said Tim Weller, Datto’s Chief Executive Officer. “We delivered subscription revenue growth of
First Quarter 2021 Financial Results
(In Millions) |
|
Q1 2021 |
|
Q1 2020 |
|
Y/Y Change |
|
||
Subscription Revenue(1) |
|
|
|
|
|
|
|
||
Total Revenue(1) |
|
|
|
|
|
|
|
||
ARR(2) |
|
|
|
|
|
|
|
||
Gross Margin |
|
|
|
|
|