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DigitalOcean Holdings, Inc. (NYSE: DOCN) is a leading cloud computing platform designed to simplify cloud infrastructure for developers, start-ups, and small to medium-sized businesses globally. With a strong presence across North America, Europe, Asia, and other regions, DigitalOcean provides a comprehensive suite of on-demand infrastructure and platform tools, enabling customers to deploy, manage, and scale applications efficiently.
Founded with the mission to make cloud computing accessible to all developers, DigitalOcean offers an intuitive interface and flexible API, making it easier for users to manage their cloud environments. The platform supports a wide array of use cases, including web and mobile applications, website hosting, e-commerce, media, gaming, personal web projects, and managed services.
DigitalOcean is known for its robust feature set and extensive library of tutorials, which help developers overcome challenges in cloud computing. The company also fosters a passionate community of technologists committed to continuous learning and open communication.
In terms of financial health, DigitalOcean is a high-growth technology company. Recently, the company announced that it would replace Agiliti Inc. in the S&P SmallCap 600, effective May 7, 2024, marking a significant milestone in its market presence.
Notable achievements include the development of innovative solutions to improve the user experience and the successful launch of new cloud services aimed at enhancing scalability and performance for their diverse customer base. DigitalOcean continues to pursue strategic partnerships and technological advancements to maintain its competitive edge in the cloud computing market.
For the latest updates and news about DigitalOcean Holdings, Inc., visit our website or follow us on our social media channels.
DigitalOcean Holdings announced it will host its next Deploy virtual conference on July 9, 2024. The free event aims to unite developers, startups, and founders to advance cloud applications and AI development. Keynote speaker CEO Paddy Srinivasan will showcase new innovations and strategic visions for the company. The event features technical demos, engineering insights, and sessions on building generative AI SaaS applications. Special guest Eric Ries will join Srinivasan to offer advice on sustainable business growth. Registration is now open, and attendees can sign up at https://do.co/Deploy24.
DigitalOcean (NYSE: DOCN) has unveiled a revamped App Platform, designed to simplify application development and scaling.
This platform now features a pay-as-you-go pricing model, offering up to a 35% reduction in dedicated instance prices and an 80% reduction in bandwidth overage fees.
Additionally, it supports autoscaling based on CPU usage, enhancing resource optimization. A new Dedicated Egress IP feature improves security by allowing specific source IP addresses.
The platform is aimed at startups, ISVs, and growing tech businesses, supporting popular languages such as Node.js, React, Python, and Docker.
DigitalOcean reported a strong first quarter for 2024 with revenue growth increasing to 12% driven by core cloud performance and AI platform demand. The company achieved strong profitability with a net income margin of 8% and adjusted EBITDA margin of 40%. Financial highlights include $185 million in revenue, $112 million in gross profit, and $14 million in net income attributable to common stockholders. Operational highlights feature an 8% increase in ARPU and a 97% Net Dollar Retention Rate. The company also provided a positive financial outlook for the second quarter and full year of 2024.
DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective May 7, 2024. Thomas H. Lee Partners L.P. is acquiring Agiliti. The change will be prior to the opening of trading on the effective date.
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