DigitalOcean Holdings, Inc. (NYSE:DOCN) Q3 2023 Earnings Call Transcript

Unidentified Analyst: Thank you. Congrats on the quarter.

Operator: All right, perfect. And our final question comes from the line of Michael Turits from KeyBanc. Michael, please go ahead.

Unidentified Analyst: Hey guys. This is Billy on for Michael. Just a quick followup to that last question. Good to see some of the leading metrics kind of stabilizing in the business. Anything you’d call out as notable in different verticals or customer segments?

Yancey Spruill: No. Actually, that’s something that we spent a lot of time assessing and the nice thing, one of the nice things about DigitalOcean customer base is it’s so diverse. 70% of the revenue comes from outside the U.S. There’s no single vertical, there’s no single use case, there’s no single region that drives a disproportionate amount of our business. We really track kind of broad SMB and startup and developer trends. And so the recovery and the stabilization has been pretty consistent across all of them. We don’t see kind of laggards and we don’t see any that have kind of race ahead. It’s again part of the appeal is it’s a very, very diverse and distributed customer base.

Unidentified Analyst: Great, thank you.

Yancey Spruill: Thank you all for joining us. We’re excited to report on a very solid quarter with a lot of encouraging trends and I appreciate your time this evening and hope you have a…