- Software maker Datto Holding Corp (NYSE:MSP) weighed strategic options, including a potential sale after receiving takeover interest from PE firms, Bloomberg reports.
- Customers of Datto include small to midsize companies that buy its software for security, data recovery, and cloud backup.
- Vista Equity Partners owned 69% of Datto’s shares as of December 31.
- Datto reported revenue of $164.3 million in the fourth quarter of FY21, up 18% year-on-year, beating the consensus of $162.4 million. Subscription revenue rose 19% Y/Y to $153.2 million.
- Datto sees Q1 revenue of $168 million - $169 million below the consensus of $169.24 million, FY22 revenue of $720 million - $726 million against the consensus of $722.38 million.
- Price Action: MSP shares traded higher by 9.63% at $25.62 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Why Datto Shares Are Trading Higher Today
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks