DAtto: Fiscal 2Q21 Financial Results

DAtto Holding Corp. (DAtto) announced its financial results for the second quarter ended June 30, 2021.

“Our second quarter results mark one of the strongest quarters in our history and are a clear indication of the power of the MSP model,” said Tim Weller, CEO. “Our subscription revenue growth accelerated to 21% Y/Y and we added 500 net new partners in the quarter, both representing new highs since the onset of the pandemic in early 2020. Looking ahead, we continue to see strong momentum across our business and are excited about the new product launches in cloud and security planned for the second half of 2021. We remain well positioned to capitalize on the large opportunity to help our MSP partners manage, protect, and connect their SMB clients’ data in an increasingly digital world.”

Recent Highlights
• Ended the quarter with more than 17,800 MSP partners, a net sequential increase of 500 in the quarter, up from an increase of 300 in the previous quarter.
• Expanded the number of MSPs contributing over $100,000 ARR to 1,250, up from 1,000 at June 30, 2020.
• Increased the number of endpoints enabled with DAtto RMM Ransomware Detection to over one million globally, nearly doubling the number since May 2021.
• Hosted a Partner Security Forum attended by over 2,000 MSP Partners focused on security best practices.
• Announced that DAttoCon21 will be held October 11-13, 2021. The 3-day event will feature speakers and sessions designed to help MSPs grow.
• Reintroduced Virtual SIRIS, a software-only version of DAtto’s continuity solution that provides MSPs with the flexibility to meet the diverse data protection requirements of their SMB clients with integrated software running on their existing VMs.

3Q21 outlook

• Revenue: $153-$155 million
• Adjusted EBITDA: $32-$33 million

FY21 outlook

• Revenue: $608-$612 million
• Adjusted EBITDA: $151-$154 million