DigitalOcean Q2 revenue $133.9M (+29% YoY); raises FY22 FCF outlook to 9-10%

DigitalOcean Holdings, Inc.

2022-Q2 EPS reported -$0.23 revenue$261,209,000

Q2 revenue $133.9M (+29% YoY); ARR $544.1M (+28%). Non-GAAP diluted EPS $0.20.
Operating loss $7.4M; non-GAAP operating income $22.3M (17% margin).
Repurchased ~10M shares in Q2; cash & securities $1.2B.
CFO Bill Sorenson to retire by Aug 2023; search for successor started.
Q3 guidance: revenue $145.5-147M, non-GAAP EPS $0.22-0.23. FY22 revenue $564-568M.

item 2.02 item 9.01 item 5.02

Executive movements

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Departed

William Sorenson

Chief Financial Officer

DOCN · DigitalOcean Holdings, Inc.

Effective: 2023-08-31
Filed: August 8, 2022, 7:59 PM ET

The Transition Agreement provides that Mr. Sorenson will retire from employment with the Company, effective August 31, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

William Sorenson departed as Chief Financial Officer at DigitalOcean Holdings, Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

The Transition Agreement provides that Mr. Sorenson will retire from employment with the Company, effective August 31, 2023

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DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001582961-22-000037

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