116 3rd St SE
Cedar Rapids, Iowa 52401
GoDaddy quarterly profit jumps nearly five fold
GoDaddy Inc reported a near five-fold surge in quarterly profit, as the website hoster booked a gain from the sale of its European business.
Net income attributable to the company rose to $22.4 million, or 17 cents per share, in the third quarter ended Sept. 30, from $4.8 million, or 5 cents per share, a year earlier.
The net income included income from discontinued operations of $22.9 million, related to the sale of its German managed hosting provider PlusServer.
Total revenue rose to $582.2 million from $472.1 million.
GoDaddy completed its acquisition of Host Europe Group in April, expanding its footprint in Europe. (Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)
FILE PHOTO: A NASCAR vehicle is seen parked out front during web hosting company GoDaddy's initial public offering (IPO) at the New York Stock Exchange April 1, 2015. REUTERS/Brendan McDermid/File Photo
Daily Newsletters