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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.
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DigitalOcean Holdings (NYSE: DOCN) will host a free virtual conference, deploy, on November 16-17, 2021, starting at 11 a.m. EST. This event aims to explore the essentials of becoming cloud-native for developers, startups, and SMBs. Attendees will learn about cloud-native basics and advanced operational practices in areas like logging, security, and monitoring. The conference features product demos and insights from various technology teams, highlighting the pivotal role of software developers in strategic cloud transformation.
DigitalOcean Holdings (NYSE:DOCN) has appointed Gabe Monroy as chief product officer to lead its product management organization. Monroy, with extensive experience from Microsoft Azure and a strong background in open source technologies, aims to enhance DigitalOcean's product vision. CEO Yancey Spruill highlighted Monroy's leadership as vital for driving growth towards the company's target of $1 billion in revenue by 2024. Monroy is passionate about serving developers, startups, and small businesses, addressing their historically underserved needs.
DigitalOcean (NYSE: DOCN) will announce its third quarter financial results for the period ending September 30, 2021, on November 4, 2021, before the market opens. A conference call is scheduled for 8:00 AM ET to discuss these results and provide financial outlooks. Interested parties can join the call by dialing the respective numbers for the U.S. or international lines. A replay will be available until November 11, 2021. DigitalOcean focuses on simplifying cloud computing for developers and businesses, enabling them to accelerate application development and innovation.
DigitalOcean Holdings, Inc. (NYSE:DOCN) has announced the acquisition of Nimbella, a serverless platform provider, to enhance its offerings in the function-as-a-service (FaaS) market. This acquisition aims to simplify serverless computing, enabling developers to deploy applications rapidly and economically. Nimbella's technology builds on robust open-source projects, addressing specific developer needs. The integration of Nimbella’s services is expected to occur in the first half of 2022, with no changes to DigitalOcean's 2021 financial outlook.
DigitalOcean (DOCN), a leading cloud platform for developers, startups, and SMBs, announced participation in two virtual investor events: the BMO 2021 Technology Summit on August 24, 2021, and the Jefferies Virtual Software Conference on September 15, 2021. Details regarding specific event times and webcast information can be found on the company’s investor relations website. DigitalOcean aims to simplify cloud computing, empowering developers and businesses to focus on building innovative applications that drive growth.
DigitalOcean Holdings, Inc. (DOCN) reported strong second-quarter results for the period ending June 30, 2021. Revenue surged 35% year-over-year to $103.8 million, with Annual Run-Rate Revenue (ARR) hitting $426 million, up 36%. Despite a $2.6 million loss from operations and a negative 3% operating margin, adjusted EBITDA rose to $31.4 million, maintaining a margin of 30%. The company aims for a 30%+ growth rate in 2021 and introduced Managed MongoDB, expected to drive further revenue growth.
DigitalOcean (NYSE: DOCN) will participate in several virtual investor events in August 2021. Key events include the Keybanc Technology Leadership Forum on August 9, the Oppenheimer Annual Technology Conference on August 11, and the Canaccord Genuity Growth Conference on August 12. Details about the events, including presentation times and webcasts, will be available on DigitalOcean's investor relations website. The company focuses on simplifying cloud computing for developers and SMBs to enhance innovation and productivity.
DigitalOcean Holdings, Inc. (NYSE: DOCN) will report its Q2 financial results on August 5, 2021, before market opening. A conference call will follow at 8:00 AM ET, discussing the results and future outlook with investors. Access to the call is available via dial-in and live webcast on the investor relations website. Additionally, it notes the end of the lock-up period for securities post-initial public offering will occur on August 9, 2021. DigitalOcean focuses on simplifying cloud computing for developers and SMBs, enabling rapid software development and deployment.
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.
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