GoDaddy Inc. (NYSE: GDDY), one of the world’s most popular hosting sites and cloud platforms, recently added a new hosting service to their already substantial array of hosting platforms. Termed as Business Hosting, the platform specifically targets small businesses, particularly e-commerce and other related sites that are showing signs of quick growth and expansion in terms of traffic.
The service features a very user-friendly cPanel, which makes it extremely easy for those who are not too tech-savvy to create and manage their respective websites. It also has a DNS management tool that can be easily accessed from the simple interface of its control panel.
A Necessary Aid for Growing Businesses
Business Hosting is an innovation that came with the combination of GoDaddy’s powerful Virtual Private Servers and unique cPanel. Much of the reason for its conception hinge on the fact that there is a growing trend of companies with websites that are resource-intensive shifting to more advanced hosting and VPS platforms in order to meet the demands of growth.
This change is not simple and requires a complicated learning curve, which only ever serve as hindrances to continued operation. With the marriage of GoDaddy’s easy-to-use cPanel and VPS solutions, users would be able to avail of advanced hosting platforms without having to learn administrative skills.
Upgrading from a shared hosting plan to Business Hosting is also extremely easy as it features a one-click solution for the purpose. It does the entire migration of files for user automatically, and the usual hassles of having to uninstall and reinstall files do not need to be performed anymore.
A Telling Sign of GoDaddy’s Intent to Expand Its Product Portfolio
The advent of Business Hosting underscores the effort that the said company is pushing in order to better cater to small businesses that need special tools for expansion minus the usual technical aspects involved.
With its introduction came a noticeable increase in performance of GoDaddy shares, which have since surpassed Zacks Internet Services Delivery in the past year alone. The stock returned a marked 20.1%, which is significantly higher than the industry’s gain of 15.4%. This is only ever expected to aid in the share’s momentum in the future.
With Business Hosting’s success, GoDaddy is expected to earn a significant boost in revenues, particularly in its hosting and presence aspects. Its revenues have already reached $176.7 million based on its recent quarterly report. Based on the said figure, this equates to around an 8.6% (sequentially) and 28.8% (year-over-year) increase. It also accounts for as much as 36.4% of the company’s total income.
GoDaddy continues to remain dedicated in helping small business ventures by developing cloud-based technology that would really help them run their endeavors smoother. This stance also highlights the fact that the company is setting higher sights in terms of growing its core business. To achieve this goal, it is testing the waters of other fields that are more or less related to hosting and cloud technology.
Factors such as product investments, the Business Hosting platform itself, better customer support, and expansion into other countries, to cite a few, would only prove to be invaluable in increasing shareholder value. The said factors are also aided by GoDaddy’s focus on delivering and innovating on products and services that are more personalized and accommodate a global audience.