Oct 30 (Reuters) - Internet services provider GoDaddy ( GDDY )
raised its forecast for 2024 sales on Wednesday, as it
sees upbeat demand for its services from businesses expanding
their presence online towards the end of the year.
GoDaddy ( GDDY ) primarily caters to small- and medium-scale
businesses that avail the company's services spanning from
domains to online presence tools and payments.
The company expects fiscal 2024 revenue in the range of
$4.55 billion to $4.57 billion, up from its prior forecast of
between $4.53 billion and $4.57 billion.
Earlier this year, it launched GoDaddy Airo, an AI-powered
solution designed to build and help grow businesses online.
For the fourth quarter, GoDaddy ( GDDY ) expects revenue between
$1.17 billion and $1.19 billion, the midpoint of which is in
line with analysts' average estimate of $1.18 billion, according
to data compiled by LSEG.
Total bookings in the third quarter rose 9% to $1.2 billion.
Net income for the quarter ended Sept 30. rose 45% to $190.5
million.