DigitalOcean (DOCN) CFO On Computing Solutions & Acquiring SnapShooter

DigitalOcean (DOCN) made significant strides in both profitability and cash flow margins, notes CFO Matt Steinfort. He discusses the outlook for DOCN after 1Q earnings. DOCN provides computing solutions for small-to-mid-size businesses. He talks about how DOCN acquired an early stage product company, SnapShooter and launched a premium dedicated droplet, targeting bandwidth-intensive applications. He goes over how DOCN repurchased 7.8M shares from $265.9M utilizing a share repurchase program. Tune in to find out more about the stock market today.