$DOCN Big beat and guidance raise
This is how I see it.
$DOCN The DBNR is a huge win.
2019: 100%
2020: 103%
2020 Q3: 104%
2020 Q4: 105%
2021 Q1: 107%
2021 Q2: 113%
/2
$DOCN @digitalocean
Revenue growth spiking
thread
/3
$DOCN @digitalocean
ARPU spiking
thread
/4
$DOCN @digitalocean
ARR growth spiking
thread
/5
$DOCN @digitalocean
There was absolutely no room for this company to grow 35% and with DBNR at 113%.
No way. Zero analysts had these numbers.
Full year guided to 32.2% vs 28.1% est.
Thread /6
$DOCN @digitalocean
As I see it in total.
(Not sure about EPS bc the company didn't provide the full calculation)
/7
$DOCN @digitalocean
Algos using GAAP EPS of -0.02 but estimates are in non-GAAP.
Algos see -0.02 vs 0.06 est, but that's mistaken.
Non-GAAP was $0.062 (as I calculate).
The company did not share number. This is a young company mistake.
This is my rough (quick) take.
/8
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