Advertisement
Canada markets closed
  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • Bitcoin CAD

    89,116.62
    +218.49 (+0.25%)
     
  • CMC Crypto 200

    1,371.97
    +59.35 (+4.52%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     
  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

DigitalOcean Holdings Full Year 2023 Earnings: EPS Beats Expectations

DigitalOcean Holdings (NYSE:DOCN) Full Year 2023 Results

Key Financial Results

  • Revenue: US$692.9m (up 20% from FY 2022).

  • Net income: US$19.4m (up from US$27.8m loss in FY 2022).

  • Profit margin: 2.8% (up from net loss in FY 2022).

  • EPS: US$0.21 (up from US$0.28 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

DigitalOcean Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the IT industry in the US.

ADVERTISEMENT

Performance of the American IT industry.

The company's shares are down 4.7% from a week ago.

Valuation

Our analysis of DigitalOcean Holdings based on 6 different valuation metrics shows it might be overvalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.