On the strength of growth in both the number of customers and revenue per customer, GoDaddy easily beat analysts estimates with its second quarter financial results, the company announced after stock markets closed on Tuesday.
GoDaddy earned ten cents per share in the quarter, with profit of $20.8 million on revenue of $557.8 million, the latter a 22 percent increase from Q2 2016. Continuing operations earned 13 cents per share, as the company closed its public cloud offering during the quarter.
“GoDaddy successfully delivered another solid quarter with continued organic customer, revenue and cash flow growth,” GoDaddy CEO Blake Irving said in a statement. “We are making great progress on our 2017 product and strategic initiatives including growing the adoption of our new mobile-optimized website builder GoCentral, new security offerings and integration of HEG. We remain focused on leveraging our brand and scale to extend our global competitive advantages.”
The company added over 2.5 million customers from Q2 2016 to Q2 2017, including 1.6 million from the acquisition of Host Group Europe, and average revenue per user (ARPU) increased 2.8 percent to $129, though if HEG is factored out, ARPU increased by 5.9 percent on the year to $132. Growth in customers and ARPU was also strong in Q1, but international revenue was up 56.7 percent year over year, compared to 17 percent in Q1.
Domains revenue was up 14.6 percent, hosting and presence revenue grew by

 

Cloud security is holding back more than four out of five organizations from adopting the latest technologies, according to a report released Tuesday by Gigamon.
Vanson Bourne surveyed 500 IT decision makers from organizations of various sizes in the U.S., U.K., Germany, and France during May to compile the report Hide and Seek: Cybersecurity in the Cloud (PDF). It shows almost three quarters of respondents (72 percent) have not scaled their monitoring and security infrastructure as their data volume has increased, and that over one-third (35 percent) intend to approach the security of their cloud networks the same way as their on-premise security operation.
This is despite the same decision makers reporting strong cloud adoption, as 37 percent say the majority of their organization’s application workloads are currently in the cloud, and 73 percent say the majority will be in the cloud within three years. Security concerns are also not holding back the storage of “crown jewels” in the cloud, such as corporate information (56 percent), and personally identifiable information (47 percent).
See also: New Cloud Technology Partners Solution to Kickstart AWS Adoption
Almost half of organizations (43 percent) do not have full visibility into data on their network, according to the report. Factors reducing visibility appear to include data silos, with 78 percent agreeing data is most siloed between SecOps and NetOps, as well as hybrid environments, which 49 percent say

 

(Bloomberg) — Vantiv Inc., the largest U.S. merchant acquirer, agreed to buy e-commerce payments company Worldpay Group Plc for about 8 billion pounds ($10.4 billion).
The deal values each Worldpay share at 397 pence and the combined payment processing firm will seek a secondary listing on the London Stock Exchange, according to a statement on Wednesday. Following the deal, the company will be called Worldpay and have a pro forma enterprise value of about 22.2 billion pounds, with Vantiv shareholders owning about 57 percent of the stock.
Consolidation is accelerating in the fast growing payments industry as consumers increasingly switch to online purchases and electronic payments. Blackstone Group LP and CVC Capital Partners Ltd. agreed to buy Paysafe Group Plc for about $3.9 billion last week and Permira and Nordic Capital are among buyout firms considering bids for Nets A/S, the Danish payment-services provider.
Vantiv, which started in the 1970s as the payments-processing unit of Fifth Third Bancorp before being spun off in 2012, will gain greater exposure to Internet retailers and small businesses following the deal. The combined company will process about $1.5 trillion in payment volume and 40 billion transactions annually.
Vantiv expects the deal to result in annual recurring pretax cost synergies of about $200 million by the end of the third year following completion of the merger. It expects to incur one-off integration and restructuring costs of about $330

© 2012 Webhosting news Suffusion theme by Sayontan Sinha