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This statistic highlights Datto Holdings’ Revenue Breakdown Worldwide, split across the United States and the international regions.
|Revenue by Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All the values are in millions, except for the values in percentages)
The total revenue earned by the company worldwide in Q3 2021 is $157.89 million, thus giving an incline of 20.84% under the YOY scale when compared to the total revenue earned in Q3 2020 – $130.67 million, giving an absolute increase in revenue by $$27.23 million. For the QoQ measurement, the company’s revenue of Q3 2021 has increased its revenue by 4.15% which computes to an absolute increase value of $6.29 million. In Q3 2021, the company’s major revenue chunk was earned in the US. As for the IT management service, the trend is shifting from SMBs to MSPs as MSP is equipped with all those IT resources and expertise that is lacking by SMB. MSP has proved to provide ongoing value to SMB through strategic guidance, monitoring, technical support, and maintenance of their full IT environments. Their product portfolio consists of unified continuity products that have “Datto Unified Continuity, Business Continuity, and Disaster Recovery, Cloud continuity, SaaS protection, Workplace, and File Protection.” Under the networking product portfolio, the company has “Access Point, Switches, and Edges Routers.” Under the business management products, the company has “Autotask Professional Services Automation, and Remote Monitoring and Management.”
The company earned its major revenue in Q3 2021 from the US, that revenue contributed to 69.84% of the total revenue earned by the company in Q3 2021. When compared to the revenue earned in Q3 2020, under the YOY measurement, the revenue has inclined by 32.15% from $94.63 million giving a rise of the absolute value of $11.58 million. For revenue, the cost is the highest in the US affecting the net revenue, as of its total workforce of 1743 employees 76% of them are employed in the US – 1327 employees. Entire revenue globally has relied on the combinations of copyright, patents, trade secrets laws, and trademarks in the United States – As of 31st, December 202 the company owns 20 issued US patent applications, with expiration dates ranging between September 2025 to May 2039. Currently, there are approximately 21 pending patent applications.
The international operations are running the majority in Australia, Canada, China, Denmark, Germany, the Netherland, the United Kingdom, and Singapore. The revenue generated internationally by the company in Q3 2021 is $47.62 million, the revenue internationally has a lower contribution in the quarterly revenue of Q3 2021 at 30.16% of the total. Under the QoQ scale, there is an incline of 3.46% from the revenue in Q2 20201 at $46.03 million – thus computing an absolute growth in revenue by $1.59 million. For the YoY scale, the revenue internationally has the highest revenue compared to US revenue growth at 32.15% which is an absolute rise b $11.58 million from Q3 202 at $36.04 million. International operations are at a risk due to over-dependence on its MSP partners located outside of the US. To increase the company’s future international operation, the company has to significantly pay attention to its management and financial resources. Keeping international operation dependency lower is because of Datto’s less experience in MSP business for regions outside the US, other risks include fluctuating currency exchange rates, managing with a variety of local labor and employment regulations and laws.
About the company
Datto Holding Corp. was founded by a software programmer Mr. Austin McChord in 2007 in Connecticut. It is a leading service provider of cloud-based software and technology solutions purpose-built for the delivery through the “Managed Service Provider” channel (MSP) to “Server Message Block” (SMBs). Their core activity is through MSP which is the foundation of their strategy and culture. In January 2020 Datto had its official IPO and began its trading on the New York Stock exchange (NYSE), it raised $594 million by selling 22 million shares, and it was traded under the ticker symbol as “MSP”. MSP is software that can be leased or bought for managing and communication with suppliers, employees, and customers for higher management and productivity, and at the same time help keep trade secrets of the company classified – thus providing a highly complex digital network for the information technology support required by the company.
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