5 interesting things from GoDaddy’s annual note

What I learned reading GoDaddy’s 2017 10-K.

Last night I sat down with a glass of Hibiki whiskey and read through GoDaddy’s (GDDY) annual note. I didn’t uncover any bombshells but here are five things that I found interesting.

1. The firm has one million clients who spend $500 or more per year. This is out of 17 million.

2. 33% of the firm’s bookings are from outside the United States.

3. GoDaddy had 5,900 employees as of the end of 2017. Most of these are in client support.

4. 92% of clients have purchased a domain product.

5. The annual note lists Donuts as a competitor under “domain registration services and web-hosting solutions” firms. It was swapped in for Rightside. Given the firm’s reduced role in the registrar business, I don’t think this makes a lot of sense.

The firm discussed on its investor conference call how it continues to talk to parties regarding shifting its infrastructure to the public cloud. This will be a huge win for whatever cloud firm they choose to go with.