FILE PHOTO: The logo of the internet company GoDaddy inc. will be shown on a computer screen in this illustration photograph in Encinitas, California, May 3, 2016. REUTERS/Mike Blake
(Reuters) – GoDaddy Inc. (GDDY.N) on Wednesday announced its largest-ever share buyback of up to $500 million, and reported a 12% rise in fourth quarter sales, when your web hosting company is the most common for the user, sending the shares up 10 percent in extended trading.
The company, which manages about one-fifth of all the world-wide-web domains, with the help of its customers, the market, and the growth of their businesses by means of built-in tools to expand their reach on social media platforms.
The average revenue per user has increased by 7.1%, to $155 in the third quarter of the year.
At the end of the quarter, which GoDaddy had to 19.1 million, up 4.6% from a year earlier.
The Scottsdale, Ariz. – based company also cited its full-year revenue forecast to a range of $2.98 billion to $2.99 billion, up from $2.97 billion to $3.00 billion as previously expected.
Net income attributable to owners of the company, up to a total of $76.2 million, or 42 cents per class A share, for the quarter that ended in Sep. 30, from $ 13.2 million, or 8 cents a share, a year earlier.
Total revenue increased by 12% to $760.5 million).
Reporting Chinmay Rautmare in Bengaluru; Editing by shailesh Kuber