DigitalOcean Growth Rate Ticks Higher

Here's our initial take on DigitalOcean's (DOCN -8.55%) fiscal 2025 first-quarter financial results.Key MetricsMetricQ1 FY24Q1 FY25Changevs. ExpectationsRevenue$185 million$210.7 million+14%BeatEarnings per share$0.15$0.39+160%BeatAvg. revenue per customer (ARPU)$95.13$108.56+14%n/aNet dollar retention rate99%100%+100 bpsn/aSpending on Capacity Is Renewing Growth for DigitalOceanOver the past year and a half, DigitalOcean's growth rates have slowed significantly, with revenue growth falling from 30% in the ...