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IN PHOTO: GoDaddy Chief Executive Officer Blake Irving takes a "selfie" photo with a customer before they ring the opening bell to celebrate his web hosting company GoDaddy's IPO on the floor of the New York Stock Exchange April 1, 2015. GoDaddy Inc's shares rose as much as 34 percent in their debut on Wednesday, valuing the Web hosting and domain registration company at up to $5.48 billion, including debt. REUTERS/Brendan McDermid

Web hosting company, GoDaddy Inc. (GDDY) reported another unsuccessful quarter in its first earnings report after the company went public last month. However, the company reported seeing an increase in its overall revenue and user base. The company's shares increased to more than 5 percent in after-hours trading session but slipped into negative territory almost immediately.

The company’s first-quarter sales jumped by 18 percent to $376.3 million, as opposed to analysts’ estimation of $373.7 million, as per the data compiled by Bloomberg. Meanwhile, GoDaddy’s net loss decreased to $43.4 million, or 34 cents per a share, from $51.3 million, or 40 cents, in the same period last year, the company revealed in a statement on Tuesday.

In an earnings call, the company’s CEO Blake Irving was asked how GoDaddy would retain its overseas customers, as some countries are against automatic renewals. He also faced questions over the company's approach towards competing against rapid dependability on smartphones. “Our retention globally is very good,” Irving assured. He also said, the retention rates overseas were at par with the U.S.

Meanwhile, the company’s second-quarter sales is estimated to be $390 million to $395 million, compared with analysts’ average projection for $390 million, the company said in a statement.

The shares of GoDaddy decreased to 2.9 percent in extended trading. The stock closed at $26.77 in New York for a gain of 34 percent after its 31 March initial public offering (IPO).

It is also important to refer to a Barclays report highlighting that 70 percent of small and medium businesses don’t have a web presence, especially outside the U.S.

“The [small and medium business] segment is in the healthiest position it has been in 8 years, providing an environment ripe for new business creation, and in today’s world that means starting with a business website,” agrees J.P. Morgan analyst Sterling Auty.

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