DigitalOcean (DOCN) reported Q1 non-GAAP earnings Tuesday of $0.56 per diluted share, up from $0.43 a year earlier.
Analysts surveyed by FactSet expected $0.44.
Revenue for the quarter ended March 31 was $210.7 million, up from $184.7 million a year earlier.
Analysts polled by FactSet expected $208.6 million.
The cloud computing company said it expects Q2 non-GAAP net income of $0.42 to $0.47 on revenue of $215.5 million to $217.5 million. Analysts surveyed by FactSet expect non-GAAP net income of $0.47 on revenue of $217.1 million.
The company said it expects 2025 non-GAAP net income of $1.85 to $1.95 and revenue of $870 million to $890 million. Analysts surveyed by FactSet expect non-GAAP net income of $1.91 on revenue of $882 million.
Shares of DigitalOcean were down more than 2% in recent premarket activity.
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