DigitalOcean Announces Fourth Quarter and Fiscal Year 2024 Financial Results
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DigitalOcean Holdings, Inc. (NYSE: DOCN) reported its Q4 and fiscal year 2024 financial results, highlighting a 13% year-over-year revenue growth and an 18% adjusted free cash flow margin. The company also increased its net dollar retention to 99% and released significantly more products and features compared to the previous year.
February 25, 2025 | 12:30 pm
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DigitalOcean reported strong financial results for Q4 and FY 2024, with a 13% increase in revenue and an 18% adjusted free cash flow margin. The company also improved its net dollar retention to 99% and significantly increased its product offerings.
The strong financial performance, including revenue growth and improved cash flow margin, indicates positive business momentum. The increase in product offerings and high net dollar retention suggest continued customer engagement and potential for future growth.
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IMPORTANCE 90
RELEVANCE 100