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This statistic highlights Datto Holdings’ Revenue by Segment, split between Devices, Professional Services, and Subscriptions segments, reported on a quarterly basis from Q3 2019 onwards.
|Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Professional services and other||$0.95||$0.83||$0.89||1%|
(All the figures in millions, except percentages)
There has been an increase in revenue from $130.67 million to $157.89 million in Q3 2021, marking a rise of 20.83% on a year-on-year basis. Revenue also grew by 4.15% on the quarter-on-quarter basis as compared to $151.6 million in Q2 2021.
The company sells physical hardware and software-embedded devices to facilitate recurring subscription services. These include:
Revenue increased from $6.96 million in Q3 2020 to $10.24 million in Q3 2021, making a rise of 47.13%. It also grew by 13.4% as compared to $9.03 million in Q2 2021. This segment contributed 6% to the total revenue in Q3 2021.
Professional Services and Other
Professional Services consist of the implementation and consulting services that the company offers and revenue is recognized based on time and material. These services include database merging, configuration, and data migration of the company’s software.
Revenue declined from $0.95 million in Q3 2020 to $0.89 million, making a fall of 6.32%. But revenue increased by approximately 7.23% as compared to Q2 2021 due to additional implementation of cloud-based business management offerings. This segment contributed 1% to the total revenue in Q3 2021.
The subscription service allows the user to access software and offers supporting services such as technical support and are categorized as follows:
This sement made the highest contribution of 93% in Q3 2021. Revenue increased from $122.75 million in Q3 2020 to $146.76 million in Q3 2021, approximately by 19.56%. It also grew by 3.54% as compared to $141.74 million in Q2 2021. This increase is primarily due to an increase in sales of Unified continuity, Business Management, and Networking services.
Impact of Covid-19
The company experienced lower sales bookings, slower ARR growth, and slower subscription growth. Spending by MSP partners and SMB customers also witnessed a decline. Lower cash collection from MSP partners resulted in lengthening of account receivables period.
Datto Holdings is a leading American cloud-based software and technology provider which delivers the services through the MSP channel to their SMB customers. The company was founded in 2017 in Norwalk, Connecticut, and became a subsidiary of Vista Equity Partners in 2017. The products that the company offers are as follows:
It protects the workloads that are data, applications, and configuration which are located on laptops, workstations, etc. There are five cloud-based products that protect and restore workloads:
2. Networking Products
Datto Networking offers cloud-managed networking products for MSPs to be delivered smoothly to their SMB customers. There are three products included under Networking products offered by the company:
3. Business Management Products
It consists of SaaS offerings that help MSPs to be more efficient. It includes:
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