We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. DigitalOcean Holdings, Inc. is one of the best-performing stocks on Tuesday.
DigitalOcean soared by 28.88 percent on Tuesday to close at $34.81 apiece as investors cheered its strong earnings performance for both the second quarter and first half of the year.
In its updated report, DigitalOcean Holdings, Inc. said net income attributable to shareholders in the second quarter jumped by 95 percent to $37 million from $19 million in the same period last year, while revenues grew by 13.6 percent to $218.7 million from $192.5 million year-on-year.
Attributable net income in the first half also increased by 127 percent to $75 million from $33 million year-on-year, while revenues grew by 13.8 percent to $429 million from $377 million year-on-year.
Photo by Caspar Camille Rubin on Unsplash
Amid the encouraging results, DigitalOcean Holdings, Inc. raised its full-year revenue guidance to $892 million from $888 million, and targeted revenues in the third quarter to be at $226 million to $227 million.
