Investing.com - DigitalOcean Holdings reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DigitalOcean Holdings announced earnings per share of $0.38 on revenue of $152.12M. Analysts polled by Investing.com EPS of $0.23 on revenue of $147.78M.
DigitalOcean Holdings 's are up 6% and is trading at $29.40 , still down 77.96% from its 52 week high of $133.40 set on Friday, November 19, 2021.
DigitalOcean Holdings follows other major Information Technology sector earnings this month
DigitalOcean Holdings's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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