AISiliconANGLEabout 3 hours ago
DigitalOcean beats Q2 estimates on AI demand surge
1 min read
DigitalOcean Holdings Inc. posted Q2 revenue of $281 million, up 29% year-over-year and topping estimates. AI customer annualized recurring revenue jumped 212% to $234 million. Adjusted EBITDA rose 27% to $114 million, with earnings of $0.45 per share versus $0.26 expected. The company raised Q3 outlook.
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