08:00 AM EST, 11/04/2024 (MT Newswires) -- DigitalOcean Holdings ( DOCN ) reported Q3 non-GAAP earnings Monday of $0.52 per diluted share, up from $0.44 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended Sept. 30 was $198.5 million, compared with $177.1 million a year earlier.

Analysts polled by Capital IQ expected $196.8 million.

DigitalOcean ( DOCN ) said it expects Q4 non-GAAP earnings of $0.27 to $0.32 per share. Analysts surveyed by Capital IQ expect $0.38. Revenue for the quarter is projected to be $199 million to $201 million. Analysts polled by Capital IQ expect $200.1 million.

For 2024, the company said it now expects non-GAAP earnings of $1.70 to $1.75 per share, compared with the prior guidance of $1.60 to $1.70. Analysts surveyed by Capital IQ expect $1.67. Revenue for the year is now expected to be $775 million to $777 million, compared with the prior outlook of $770 million to $775 million. Analysts polled by Capital IQ expect $773.9 million.