GoDaddy names new CFO as Q2 sales up 15.6 percent
GoDaddy boosted its second quarter customer count by 7.9 percent and increased the average revenue per user. Separately, GoDaddy named Ray Winborne as its new chief financial officer and appointed Scott Wagner as operating chief.
The company, which provides hosting and domain registration services to small businesses, delivered a net loss of $11.1 million, or 11 cents a share, on revenue of $456.2 million, up 15.6 percent from a year ago. Of that sum, domains revenue was up 10.2 percent to $229.8 million, hosting was $167.5 million and business applications was $58.9 million.
Wall Street was expecting second quarter sales of $450.5 million and a net loss of 7 cents a share.
GoDaddy ended the quarter with 14.3 million customers and an average revenue per user of $125.
As for the outlook, GoDaddy said its third quarter revenue will be $468 million to $471 million. For 2016, GoDaddy is targeting $1.84 million to $1.85 million. The outlook is in line with current expectations.
On the executive front, Winborne joins GoDaddy from First Data where he was CFO. Winborne takes over as CFO from Wagner, who is now president and chief operating officer.
