Datto Announces First Quarter 2021 Financial Results

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 17% year over year, added 300 net new partners during the quarter and drove another sequential increase in ARR growth, so the business continues to accelerate. Looking ahead to the rest of 2021, we remain focused on our investments in cloud and security as we give our MSP partners the ability to secure SMB digital assets in a hybrid cloud world no matter where the data and applications live. We see good momentum across the product suite and we are well positioned to capitalize on the large and growing market opportunity ahead of us.”

First Quarter 2021 Financial Results

		(In Millions)		Q1 2021		Q1 2020		Y/Y Change
		Subscription Revenue(1)		$135.6		$116.0		17%
		Total Revenue(1)		$144.9		$124.7		16%
		ARR(2)		$572.5		$498.4		15%
		Gross Margin		73%		70%		Datto Holding Corp NYSE:MSP MSP Rankings N/A Ranked by Market Cap N/A Ranked by Dividends MSP Latest News Jun 1, 2022 Datto Appoints New Vice President for Asia Pacific May 11, 2022 Datto Leaders Named to CRN’s 2022 Women of the Channel and Power 100 Lists May 10, 2022 Managed Service Providers are Key to Customers’ Data Protection in an Increasingly Digital ASEAN May 9, 2022 Datto Announces First Quarter 2022 Financial Results Apr 26, 2022 Datto Launches Two Continuity Solutions that Provide the Last Line of Defense for MSPs Against Cyberattacks MSP Stock Data Market Cap 5.82B Float 29.16M Insiders Ownership 12.28% Institutions Ownership 90.06% Short Percent 1.71% Industry Software—Infrastructure Sector Technology Website Link Country United States City Norwalk Explore About Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Discord Server Facebook Reddit © 2020-2025 StockTitan.net Login Please enter your login and password Email address Password Forgot password? LOGIN Close Don't have an account? Sign Up! Forgot Password Please enter your email address Email address RECOVER Close Sign Up To create a free account, please fill out the form below. Username Email address Password I accept the user agreement Sign me up for the newsletter CREATE ACCOUNT Close Already have an account? Login