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Why DigitalOcean Is in Better Shape Than Many Think

TheMotleyFool

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Why DigitalOcean Is in Better Shape Than Many Think: https://g.foolcdn.com/editorial/images/731767/cloudcomputing_datacenter.jpg

DigitalOcean Holdings (NYSE: DOCN) stock moved slightly higher in Tuesday trading after it announced earnings for the first quarter of 2023. The company's revenue growth remains solid, and it continues to report a positive adjusted net income.

However, a look at the income statement for the cloud services provider shows something surprising -- operating losses. That could leave investors questioning whether those losses are a reason to avoid the company.

Even with the operating loss, DigitalOcean continues to post respectable growth numbers. In Q1, revenue came in at $165 million, a 30% increase, compared with the year-ago quarter.

Source Fool.com

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