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DigitalOcean Q2 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Large Customers and AI Revenue Drive Growth“We delivered 29% year-over-year revenue growth while continuing to have strong profitability,” Srinivasan said.
DigitalOcean said ARR from customers spending at least $100,000 annually rose 98% year over year.
ARR from customers spending at least $500,000 increased 160%, while ARR from customers spending $1 million or more climbed 214%.
DigitalOcean said 85% of AI customer ARR came from inference services and Core Cloud products rather than Bare Metal offerings.
More than half of new AI customers added year to date had attached a Core Cloud product, Srinivasan said.