GoDaddy Shares Gain 11.3% in May
GoDaddy delivered a solid earnings beat last month, and shares are up nearly 16% in 2020. Bookings on GoDaddy in the first quarter rose by 9% to $951 million, and revenue from the company’s domains climbed 11% to reach $355.9 million.
GoDaddy is benefiting from digital business growth and work from home trends, created by conditions stemming from the pandemic. While most companies have been struggling, GoDaddy is seeing increased interest in people creating digital ventures. Management has indicated they will lean into marketing initiatives to take advantage of the rising trend.
For the second quarter, GoDaddy targets sales of $790 million, representing a growth of 7% year-on-year. Revenue is projected to rise by high single digits, and business application sales are projected to increase into the mid-teens range. GoDaddy’s stock trades are approximately 20 times bigger than the average analyst target for this year’s earnings, and four times the projected sales, surpassing the earning target.
As GoDaddy CEO, Aman Bhutani says, there are three points of importance to investors:
- GoDaddy is in a privileged position relative to a massive opportunity
- They will be activating their community
- Their execution will be focusing on strengthening their platform
AWS’s Lightspeed Crisis Response
One of the companies on the frontline of the pandemic is Amazon, and a huge part of Amazon’s response lies in its AWS public cloud. AWS has been working to help its customers scale up so that they can keep up with demand during the crisis.
Like GoDaddy, AWS has also received an increase in net sales — 26%. However, the company’s operating income actually decreased by $0.4 billion. Instead of trying to make money off the process, it seems Amazon is putting customers ahead in times of crisis. Three of AWS’s commercial apps are focused on helping people — specifically, Amazon Connect helps customers spin up a contact center for their business.
In addition to this, AWS has improved the Amazon FSx for Windows File Server with dynamic size and growth scaling capabilities. Previously, users created a file system with a fixed capacity, set network levels, and paid for defined storage. Now, users have much more flexibility — free of charge.
Microsoft’s New UK Azure Cloud Computing
Microsoft has launched several new cloud computing services across its UK Azure regions to assist in protecting data of organizations, as well as enabling innovation through the use of bots, IoT technology, and more.
Ten new services have been released for its cloud platform in the UK, with some utilizing the most cutting-edge cybersecurity technology available today. Microsoft is continuing to help its customers with the help of the new services at this challenging time. Some of their new services include:
- Azure Bastion: This feature limits threats by letting you connect to your virtual machines in Azure securely – without having to use a public IP address. Azure Bastion can help you reduce your exposure to the public on the internet and risks like malware targeting your machines.
- Azure Confidential Computing: Azure can now secure your information while you are using it, so multiple organizations can combine their data sets and analyze them, without being able to access one another’s data. Essentially, your data is encrypted, even when you are using it. Banks can use this to combine transaction data and to detect fraud/money laundering.
- Azure Private Link: This feature offers a secure connection to Microsoft’s cloud without having any public internet access. It can also help users meet certain regulations they need to comply within different markets.
About the Author
Avi Ben Ezra is the Chief Technology Officer (CTO) and Cofounder of SnatchBot and SnatchApp (Snatch Group Limited). He leads the Group’s long-term technology vision and is responsible for running all facets of the tech business which includes being the architect of the platforms and UI interfaces.