DigitalOcean Holdings, Inc. (NYSE:DOCN) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET

Company Participants

Rob Bradley - Vice President of Investor Relations

Yancey Spruill - Chief Executive Officer

Bill Sorenson - Chief Financial Officer

Conference Call Participants

Mark Murphy - JPMorgan

Raimo Lenschow - Barclays

Tim Horan - Oppenheimer & Company

Wamsi Mohan - Bank of America

James Breen - William Blair

Josh Baer - Morgan Stanley

Operator

Hello. My name is Stephanie, and I will be your conference operator today. At this time, I would like to welcome everyone to the DigitalOcean First Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question and answer session. [Operator Instructions].

Thank you. Rob Bradley, Vice President of Investor Relations. You may begin your conference.

Rob Bradley

Thank you, and welcome, everyone, to DigitalOcean's First Quarter 2022 Earnings Call. Joining me today is Yancey Spruill, our Chief Executive Officer; and Bill Sorenson, our Chief Financial Officer. Before we begin, I want to cover our safe harbor statement. During this conference call, we will be making forward-looking statements, including our financial outlook for the second quarter and full year as well as statements about goals and business outlook, industry trends, market opportunities and expectations for future financial performance and similar items. All of these statements are subject to risks, uncertainties and assumptions. You can review more information about these in the Risk Factors section of our filings with the SEC. We remind everyone that our actual results may differ, and we undertake no obligation to revise or update any forward-looking statements.

Finally, we will be discussing non-GAAP financial measures on our call. Reconciliations between our GAAP and non-GAAP financial results can be found in our earnings press release, which was issued earlier this afternoon and in the investor presentation on our IR website.

With that, let me turn the call over to our CEO, Yancey Spruill. Yancey?

Yancey Spruill

Thanks, Rob. Apologize for the slight delay, kicking this off. Good afternoon, everyone, and thanks for joining us. I'm pleased to share the details of another strong quarter for DigitalOcean. Q1 demonstrates that we are building a highly efficient business that combines strong revenue growth with significant free cash flow generation. Despite an increasingly uncertain macro environment, we are proving the strength of the DigitalOcean business model quarter-after-quarter and beating our top line guidance once again.