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Free Research Report as GoDaddy’s Net Income Surged 366.67%; Revenues Advanced 23.32%

Stock Monitor: Coupa Software Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 15, 2017 / Active-Investors free earnings report on GoDaddy Inc. (NYSE: GDDY) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=GDDY. GoDaddy posted third quarter fiscal 2017 (Q3 FY17) results on November 06, 2017. The world's largest cloud platform operator's reported average revenue per user (ARPU) grew 5.10% y-o-y. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Coupa Software Incorporated (NASDAQ: COUP), which also belongs to the Technology sector as the Company GoDaddy. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, GoDaddy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=GDDY

Earnings Highlights and Summary

In Q3 FY17, GoDaddy's revenues advanced 23.32% to $582.20 million compared to $472.10 million in Q3 FY16. Revenue numbers beat analysts' estimates of $579.00 million.

GoDaddy posted operating income of $32.10 million in the reported quarter compared to $21.20 million in Q3 FY16, reflecting growth of 51.41% on a y-o-y basis. The Company had total bookings of $668.00 million in Q3 FY17 compared to $534.30 million in Q3 FY16, increasing by 25.02%.

GoDaddy's total customers advanced 17.71% to 17,123 customers in Q3 FY17 compared to 14,547 customers in Q3 FY16. The Company's average revenue per unit for the reported quarter was $134.00 compared to $127.00 in Q3 FY16, increasing by 5.10%.

GoDaddy's net income surged 366.67% to $22.40 million on y-o-y basis in Q3 FY17 compared to $4.80 million in Q3 FY16. The Company had earnings of $0.17 per share (EPS) in the reported quarter compared to $0.05 per share in Q3 FY16, reflecting growth of 240.00% on a y-o-y basis. GoDaddy's earnings, adjusted to account for discontinued operations in the reported quarter were $0.04 per share, which missed analysts' estimates of $0.07 per share.

GoDaddy's Segment Details

GoDaddy has three business segments, namely: (i) Domains, (ii) Hosting and Presence, and (iii) Business Applications.

The Company's Domains segment posted revenues of $271.50 million in Q3 FY17 compared to $236.60 million in Q3 FY16, growing by 14.75% on a y-o-y basis, due to acquisition of HEG, increase in domains under management, international growth, strong renewals, and increased aftermarket domain sales.

The Hosting and Presence segment posted revenues of $225.90 million in Q3 FY17 compared to $174.10 million in Q3 FY16, reflecting growth of 29.75%, due to increased revenue generation from website hosting and website building products and services.

The Business Applications segment posted revenues of $84.80 million in the reported quarter compared to $61.40 million in Q3 FY16, growing by 38.11%, due to increased customer adoption of Company's expanded email and productivity solutions and the introduction of its telephony solutions in 2017.

Cash Matters

GoDaddy had cash and cash equivalents of $536.90 million as on September 30, 2017, compared to $556.20 million as on September 30, 2016. The net inflow from operating activities was $371.30 million at the nine months ending September 30, 2017, compared to $297.40 million for the same period ending September 30, 2016. The Company's non-GAAP free cash flow surged 43.51% to $137.20 million in Q3 FY17 compared to $95.60 million in Q3 FY16.

Outlook

In Q4 FY17, GoDaddy expects revenues to be in the range of $591.00 million to $596.00 million. For fiscal year 2017, the Company expects revenues in the band of $2.221billion to $2.226billion, with unlevered free cash flow approximately of $485.00 million. For fiscal 2018, GoDaddy expects revenues to grow in the range of 13.00% to 15.00%.

Stock Performance Snapshot

December 14, 2017 - At Thursday's closing bell, GoDaddy's stock marginally dropped 0.43%, ending the trading session at $48.21.

Volume traded for the day: 1.00 million shares.

Stock performance in the last three-month – up 10.04%; previous six-month period – up 14.51%; past twelve-month period – up 36.88%; and year-to-date – up 37.94%

After yesterday's close, GoDaddy's market cap was at $7.81 billion.

Price to Earnings (P/E) ratio was at 376.64.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry.

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