Digitalocean owncloud12/31/2023 ![]() ![]() Data center costs have been rising for some time, and are likely to continue to rise in the future. This precipitous rise in revenue costs is no surprise. According to DigitalOcean's quarterly filing, this figure contains about $392,000 in stock based compensation and a little over $500,000 in impairment for software no longer in use, but removing these figures does little to make the overall cost of revenue number palatable. This is concerning because the costs included in this line item are the company's costs associated with the infrastructure needed to provide customer services-fees for third-party co-location facilities, personnel costs associated therein, and so on. Less great, however, is the fact that the company's cost of revenues rose by 52% year over year. In the earnings press release, management highlighted the fact that revenue had increased 30% year over year. In the first quarter of 2023 DigitalOcean posted a net loss which was a bit wider than its previous Q1, though this was in part due to a restructuring plan the company announced in February of this year, which the company expects to have completed by the third quarter of 2023. The question now is whether or not the company can sustain this upward momentum - let's dive in. eventful for high-growth tech companies.Īfter surging more than 200% from its IPO levels, the company rapidly shed value through the back half of 20, no doubt exacerbated by rising interest rates and investors' sudden distaste for tech companies promising future profits while posting losses today.Ģ023, however, has been more kind to the company, with the stock rallying more than 50% so far this year. The company has only been public since May 2021, but of course, since that time things have been. Īrmed with the tools offered by DigitalOcean, companies and their development teams can create, manage, refine, and expand their online presence through myriad options. Enter DigitalOcean ( NYSE: DOCN ), a cloud computing provider with platform-as-a-service, infrastructure-as-a-service, and software-as-a-service offerings. ![]() Developing a website from scratch, then, can be a daunting task, and many companies would rather outsource the work of finding server space and other issues to someone else. Aside from the required know-how, a lot of behind the scenes work goes into development, maintenance, and infrastructure. You can now visit your website! / / (The last two only if you chose to install that software and you named them accordingly.Building and servicing a high-volume website can be difficult. Towards the end of the install, you will need to put in your email again for the SSL setup.Wait for the Installer to run and set everything up!.You can see timezones at the bottom of this page. ![]()
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