Apparently unaffected by downward trends elsewhere, GoDaddy Inc. (NYSE: GDDY) posted some bullish numbers for their second quarter with revenue up 9% year-over-year, and net Income up 93% year-over-year.
See the presentation slides and other prepared remarks from CEO Aman Bhutani and CFO Mark McCaffrey for more details.
Some of the business highlights touching WooCommerce are notable:
- GoDaddy drove continued strength in adoption of GoDaddy Payments [where ApplePay is an option] for eCommerce solutions during the second quarter with 80% of Websites + Marketing commerce customers and 30% of Managed WordPress customers in the WooCommerce tier selecting GoDaddy Payments. (emphasis added)
- GoDaddy achieved strong growth in its commerce offerings with gross merchandise volume (GMV) of $28 billion, up 12% year-over-year in the second quarter. GoDaddy launched Payable Domains pilot program, with full launch expected in the third quarter. Payable Domains simplifies the online payments process by providing customers a professional branded checkout and allowing them to accept payments without any other subscription. (emphasis added)
- GoDaddy continued to innovate and enhance solutions provided to GoDaddy Pros in the second quarter, launching a beta WooSaas online store, offering a solution targeted to larger merchants. This offering simplifies user experience with exclusive functionality as well as premium extensions and features. (emphasis added)
The WooSaas project is composed of “Integrated acquired technologies from Pagely, SkyVerge, Sellbrite, and Poynt, to offer an all-in-one experience.” This hosted WooCommerce platform aims to offer integrated multichannel e-commerce capabilities to store owners.
