DigitalOcean ‘not yet in a position’ to report Q2 EPS

Reports Q2 revenue $170M, consensus $170.07M. “Given the tax expense errors described in today’s Form 8-K filing, we are not yet in a position to report second quarter 2023 net income or non-GAAP diluted net income per share or to provide guidance on Q3 or full year non-GAAP diluted net income per share. While we are still finalizing the impact of these errors on our financials, we continue to expect non-GAAP diluted net income per share, pending resolution of tax expense, to be higher than our previously guided range of $0.40 to $0.41,” the company said. “We made good progress in the quarter, accelerating our profitability margins towards our long-term targets while delivering solid revenue growth,” said Yancey Spruill, CEO of DigitalOcean. “Our ability to deliver profitable growth regardless of the market growth environment, coupled with our strong balance sheet, enabled us to invest in both organic and exciting inorganic growth levers.”