Artificial IntelligenceAI ARR growth of 200% y/y demonstrates the continued early excitement for Paperspace, while core DO continues to rebound vs. last year.
Financial PerformanceDigitalOcean reported strong 2Q 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.
New LeadershipManagement is committed to accelerating top-line further while maintaining efficiency, and announced its intention to open up a new data center in the U.S.