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DigitalOcean reports Q3 EPS 20c, consensus 37c
The Fly

DigitalOcean reports Q3 EPS 20c, consensus 37c

Reports Q3 revenue $177M, consensus $173.3M. Reports Q3: Net Dollar Retention Rate (NDR) was 96%. Average Revenue Per Customer (ARPU) was $92.06, an increase of 6% over the third quarter 2022. “We are encouraged by the stabilization we saw in our key revenue growth metrics in Q3, and we continued to both invest in our platform and drive further margin improvements.” said Yancey Spruill, CEO of DigitalOcean. “We added several new products and features for our customers while also generating strong free cash flow.”

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