DigitalOcean 3Q Net Rises as Company Pushes Into AI Infrastructure

Dow Jones

Nov 04, 2024

By Rob Curran

DigitalOcean Holdings posted third-quarter earnings growth and boosted its sales projection for the year as the cloud-computing company seeks to capitalize on the popularity of AI.

The provider of cloud-computing software and services logged net income of $32.9 million, or 33 cents a share, up from $19.2 million, or 20 cents a share, a year earlier.

Revenue rose 12% to $198 million.

The cloud-computing company launched its first generative artificial-intelligence product to certain users during the quarter.

For the fourth quarter, DigitalOcean targeted adjusted earnings in a range between 27 cents a share and 32 cents a share, on revenue in a range between $199 million and $201 million.

For 2024, DigitalOcean forecast revenue in a range between $775 million and $777 million, higher than its previous target range of $770 million to $775 million.

DigitalOcean shares fell 5% to $38.76 premarket.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 04, 2024 08:34 ET (13:34 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2480583864"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2480583864\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2480583864?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-04 21:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2480583864","market":"sh","top_or_hot":-1,"title":"DigitalOcean 3Q Net Rises as Company Pushes Into AI Infrastructure","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  DigitalOcean Holdings posted third-quarter earnings growth and boosted its sales projection for the year as the cloud-computing company seeks to capitalize on the popularity of AI. \n</p>\n<p>\n  The provider of cloud-computing software and services logged net income of $32.9 million, or 33 cents a share, up from $19.2 million, or 20 cents a share, a year earlier. \n</p>\n<p>\n  Revenue rose 12% to $198 million. \n</p>\n<p>\n  The cloud-computing company launched its first generative artificial-intelligence product to certain users during the quarter. \n</p>\n<p>\n  For the fourth quarter, DigitalOcean targeted adjusted earnings in a range between 27 cents a share and 32 cents a share, on revenue in a range between $199 million and $201 million. \n</p>\n<p>\n  For 2024, DigitalOcean forecast revenue in a range between $775 million and $777 million, higher than its previous target range of $770 million to $775 million. \n</p>\n<p>\n  DigitalOcean shares fell 5% to $38.76 premarket. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2024 08:34 ET (13:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DigitalOcean 3Q Net Rises as Company Pushes Into AI Infrastructure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigitalOcean 3Q Net Rises as Company Pushes Into AI Infrastructure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-04 21:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Rob Curran \n</p>\n<pre>\n \n</pre>\n<p>\n  DigitalOcean Holdings posted third-quarter earnings growth and boosted its sales projection for the year as the cloud-computing company seeks to capitalize on the popularity of AI. \n</p>\n<p>\n  The provider of cloud-computing software and services logged net income of $32.9 million, or 33 cents a share, up from $19.2 million, or 20 cents a share, a year earlier. \n</p>\n<p>\n  Revenue rose 12% to $198 million. \n</p>\n<p>\n  The cloud-computing company launched its first generative artificial-intelligence product to certain users during the quarter. \n</p>\n<p>\n  For the fourth quarter, DigitalOcean targeted adjusted earnings in a range between 27 cents a share and 32 cents a share, on revenue in a range between $199 million and $201 million. \n</p>\n<p>\n  For 2024, DigitalOcean forecast revenue in a range between $775 million and $777 million, higher than its previous target range of $770 million to $775 million. \n</p>\n<p>\n  DigitalOcean shares fell 5% to $38.76 premarket. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2024 08:34 ET (13:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480583864","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480583864","pubTimestamp":1730727240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DigitalOcean Holdings posted third-quarter earnings growth and boosted its sales projection for the year as the cloud-computing company seeks to capitalize on the popularity of AI.The provider of cloud-computing software and services logged net income of $32.9 million, or 33 cents a share, up from $19.2 million, or 20 cents a share, a year earlier.The cloud-computing company launched its first generative artificial-intelligence product to certain users during the quarter.For the fourth quarter, DigitalOcean targeted adjusted earnings in a range between 27 cents a share and 32 cents a share, on revenue in a range between $199 million and $201 million.For 2024, DigitalOcean forecast revenue in a range between $775 million and $777 million, higher than its previous target range of $770 million to $775 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","DOCN":"DigitalOcean Holdings, Inc.","BK4588":"碎股","BK4116":"互联网服务与基础架构"},"translate_title":"随着公司进军人工智能基础设施，DigitalOcean第三季度净值增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOCN":0.9},"content_text":"By Rob Curran \n\n\n \n\n\n  DigitalOcean Holdings posted third-quarter earnings growth and boosted its sales projection for the year as the cloud-computing company seeks to capitalize on the popularity of AI. \n\n\n  The provider of cloud-computing software and services logged net income of $32.9 million, or 33 cents a share, up from $19.2 million, or 20 cents a share, a year earlier. \n\n\n  Revenue rose 12% to $198 million. \n\n\n  The cloud-computing company launched its first generative artificial-intelligence product to certain users during the quarter. \n\n\n  For the fourth quarter, DigitalOcean targeted adjusted earnings in a range between 27 cents a share and 32 cents a share, on revenue in a range between $199 million and $201 million. \n\n\n  For 2024, DigitalOcean forecast revenue in a range between $775 million and $777 million, higher than its previous target range of $770 million to $775 million. \n\n\n  DigitalOcean shares fell 5% to $38.76 premarket. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 04, 2024 08:34 ET (13:34 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}