GoDaddy CEO: 'Our Customers Like What We Do For Them, And What We Do Really Matters'

Godaddy Inc (NYSE: GDDY) reported its first-quarter earnings on Tuesday after the closing bell. The company declared an EPS loss of $0.34 for the quarter, compared to an EPS loss of $0.40 for the same quarter last year.

Blake Irving, GoDaddy CEO, was on CNBC recently to weigh in on the company's earnings.

They Did Well

"You have a strong customer growth numbers; it's feeling good," Irving said.

"The overall quarter [...] was strong. We had good renewal. We had good growth internationally; our international business was up 23.4 percent, which is a big number for us, and frankly, that's facing some FX headwinds from the strong dollar. Still, [we] did really well."

Related Link: Morgan Stanley: Time To Buy GoDaddy

Growth Will Continue

Irving was asked if the growth that GoDaddy has shown is sustainable when the company isn't reporting any profits. He replied, "We run our business on cash, and as the 10 analysts that weighed in yesterday on performance of the company and what's driving the stock today is— look, we have great cash flow in the business; we have great adjusted EBITDA."

He elaborated, "That's a strong business, and we run our business on cash. So, that kind of growth, I think, is something that the market expects. And we guided where we think we are going to land over the course of the year.

"Look, our customers like what we do for them, and what we do really matters. When you are doing things for customers that help them run their little business, it matters to them. And frankly, they pay us for that," Irving concluded.

 
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