DigitalOcean Holdings Inc

NYSE:DOCN   3:59:59 PM EDT
39.64
-0.36 (-0.90%)
Earnings Announcements, Mergers / Acquisitions

DigitalOcean To Acquire Cloudways

Published: 08/23/2022 12:19 GMT
DigitalOcean Holdings Inc (DOCN) - Digitalocean to Acquire Cloudways.
Digitalocean Holdings Inc - Under Terms of Transaction, Digitalocean Will Acquire Cloudways for $350 Million in Cash.
Digitalocean Holdings Inc - Proposed Deal Including a Significant Portion of Consideration to Be Paid Over a 30-month Period Following Closing.
Digitalocean Holdings Inc - Digitalocean is Forecasting for Cloudways to Contribute Between $13 and $15 Million of Revenue in Fiscal 2022.
Digitalocean Holdings Inc - Cloudways Will Be Accretive to Co's Revenue Growth Rate, Will Not Impact FY Operating Profit Margin and Cash Flow Margin Outlook.
Revenue is expected to be $147.78 Million
Adjusted EPS is expected to be $0.23

Next Quarter Revenue Guidance is expected to be $162.44 Million
Next Quarter EPS Guidance is expected to be $0.25

More details on our Analysts Page.