Datto lauds 'reacceleration' of business in Q3 after earlier COVID-19 slowdown

Nima Green
clock • 1 min read

MSP Vendor posts first quarterly figures since going public last month

Datto CEO Tim Weller says the company's Q3 figures marks "a reacceleration of our business", after starting its financial year bwith a round of redundancies. Total revenues for the MSP vendor were up 11 per cent to $137.7m (€115.93m) year on year. Subscription revenues made up the lion's share of that, bringing in $122.8m (€103.38m), which was a 17 per cent rise from Q3 2019. Meanwhile, Datto's Q3 adjusted EBITDA rocketed up 78 per cent to $45.8m (€38.56 m). The quarterly results ...

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