DigitalOcean reports 1Q24 results; more stabilization, investments in long-term AI opportunity
DigitalOcean reported its 1Q24 results, which saw some sequential acceleration in growth, spurred by AI uptake. Profitability improved as the core platform at DigitalOcean continues to scale, and the new management team is using this capital to invest in research, development and innovation in order to pursue growth opportunities.
or