#SORENSON SQUEEZE 10 TUTORIAL UPDATE#
#SORENSON SQUEEZE 10 TUTORIAL FULL#
#SORENSON SQUEEZE 10 TUTORIAL FREE#

Net dollar retention and revenue per customer were both significant contributors to our top line growth.

We ended the quarter with $524 million in ARR, which is up 35% year-over-year, a 500 basis point improvement from Q1 of last year.

Revenue in the first quarter was $127.3 million, up 36% year-over-year and a 700 basis point improvement compared to Q1 of last year when we grew 29%. This sales sourced ARPU is also up 180% year-over-year, a strong demonstration of the potential for this route to market. This area is a complement to our self-service revenue motion because these customers start substantially larger, roughly $5,000 to $6,000 per month in revenue relative to our self-serve customers at $15 to $20 per month day one. Finally, we continue to make progress building an inbound and outbound sales capability, which contributed 3 percentage points of revenue in Q1, up more than 200 basis points from Q1 of last year. And in the meantime, we nurture them on their journey. We saw a dramatic increase in the unique visitors to our website with visits up over 70% year-over-year in the first quarter, that's before the recent acquisition of CSS-Tricks, which will significantly boost monthly visitors as we move through this year.Īs I will share in the customer story shortly, bringing developers and businesses on to DigitalOcean early in their journey is a vital component to our strategy to drive sustainable growth and website visits are a strong proxy for the health of that part of our customer acquisition strategy.Ĭustomers that come through this channel is presenting us with modest near-term revenue but a highly valuable option on their eventual uplift. We released the beta version of serverless function in customers' hands and are on track to make a generally available release to all customers very soon. We're pleased with our Q1 performance as we continue to see exciting developments in product. But first, I want to address some of the key developments from the quarter. Bill will walk you through those details in a few minutes.

#SORENSON SQUEEZE 10 TUTORIAL FREE#

While there is some near-term global economic uncertainty, especially in Eastern Europe, we have a number of initiatives that give us confidence that we will manage through near-term macro challenges and have another strong year of growth and free cash flow.

#SORENSON SQUEEZE 10 TUTORIAL FULL#

We are maintaining our previous revenue outlook for the full year 2022. Despite an increasingly uncertain macro environment, we are proving the strength of the DigitalOcean business model quarter-after-quarter and beating our top line guidance once again. Q1 demonstrates that we are building a highly efficient business that combines strong revenue growth with significant free cash flow generation. I'm pleased to share the details of another strong quarter for DigitalOcean. Good afternoon, everyone, and thanks for joining us. Apologize for the slight delay, kicking this off. With that, let me turn the call over to our CEO, Yancey Spruill. Reconciliations between our GAAP and non-GAAP financial results can be found in our earnings press release, which was issued earlier this afternoon and in the investor presentation on our IR website.

#SORENSON SQUEEZE 10 TUTORIAL UPDATE#

We remind everyone that our actual results may differ, and we undertake no obligation to revise or update any forward-looking statements.įinally, we will be discussing non-GAAP financial measures on our call. You can review more information about these in the Risk Factors section of our filings with the SEC. All of these statements are subject to risks, uncertainties and assumptions. During this conference call, we will be making forward-looking statements, including our financial outlook for the second quarter and full year as well as statements about goals and business outlook, industry trends, market opportunities and expectations for future financial performance and similar items. Before we begin, I want to cover our safe harbor statement. Joining me today is Yancey Spruill, our Chief Executive Officer and Bill Sorenson, our Chief Financial Officer. Thank you, and welcome, everyone, to DigitalOcean's First Quarter 2022 Earnings Call. Rob Bradley, Vice President of Investor Relations. After the speakers remarks, there will be a question and answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to the DigitalOcean First Quarter 2022 Earnings Conference Call. My name is Stephanie, and I will be your conference operator today. Rob Bradley - Vice President of Investor Relations

( NYSE: DOCN) Q1 2022 Earnings Conference Call 4:30 PM ET

Sorenson squeeze 10 tutorial