Web-hosting company GoDaddy’s revenue it beats estimates.
GoDaddy reported that is a better-than-expected 15.3% jump in quarterly revenue as this web-hosting company attracted more customers and also earned more per user.
GoDaddy, which also managed the 62 million internet domains or it about 20% of the world’s total as of December 31, it also said the number of customers rose 7.6% to 14.1 million in the first quarter.
Average revenue also every also user increased about 7% to $123.
This company forecast revenue of between $448 million and $452 million for this second quarter and it also between $1.83 billion and $1.845 billion for the full year.
It also Analysts on average were expecting revenue of $451.5 million for the second quarter and $1.84 billion for the full year, according to Thomson Reuters.
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This company’s shares fell about 3.7% to $29.50 in after-market trading on Wednesday.
Scottsdale, Arizona-based GoDaddy has been investing heavily to enter new markets and plans to be present in the greater Asia region by the end of 2016.
GoDaddy’s international revenue rose 16.7% to $112.7 million in the first quarter ended March 31.
Founded 19 years ago, GoDaddy competes with Endurance International Group, Amazon.com as well as Alphabet’s Google unit, in the domain registration business.