DigitalOcean Holdings Inc. reported second-quarter revenue of $219 million, a 14% increase from a year earlier and ahead of the $216.7 million analysts expected. Net income almost doubled to $37 million, lifting diluted earnings per share to $0.39, while non-GAAP EPS reached $0.59 versus the consensus $0.47. The cloud-services provider said annual recurring revenue grew 14% to $875 million, with incremental ARR of $32 million marking its strongest quarterly addition since late 2022. Citing sustained demand from small and midsize businesses, the company raised its full-year revenue forecast to between $888 million and $892 million. The stronger-than-expected results sent DigitalOcean shares up roughly 9% in pre-market trading on Tuesday.