Executive LeadershipDigitalOcean is ramping up its pace of innovation under new CEO Paddy Srinivasan, running a playbook that drove the success of AWS in the early days.
Financial PerformanceDigitalOcean reported strong Q2 results, with non-GAAP EPS of $0.48, adj. EBITDA margin of 42.4%, and adj. free cash flow of $37.4M on revenue of $192.5M, up 13% y/y, an acceleration from 12% last quarter.
Growth ProjectionsDigitalOcean's AI ARR growth of 200% y/y demonstrates the continued early excitement for Paperspace, while core DigitalOcean continues to rebound vs. last year.