This is how I fixed it.
If you look in the GoDaddy CPanel you’ll discover that although the CPanel frontend shows 256 megabytes available, the php settings shows that the memory_limit is set to 64 megabytes and the most any script may consume is 32.
The solution is ‘.user.ini’ file, please note the period before user. This file should contain ‘memory_limit = 512M’. Place this file in your web root, and you are good to go. This will boost your memory limit and allow the resource hungry graphics extensions to do their work.
Have you noticed any gotchas related to memory limits on WordPress.