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DigitalOcean sees double-digit growth, fuels AI innovation for developers

DigitalOcean’s Q3 2024 results showcase a 12% revenue climb to $198 million and a 12% jump in Annual Run-Rate Revenue to $798 million. With $73 million in cash flow and a 60% gross margin, CEO Paddy Srinivasan calls this growth a launchpad for AI-driven advancements. Featuring 42 new product updates, DigitalOcean aims to empower developers globally with accessible, AI-enhanced cloud tools.

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