“In particular, we’re pleased with the results of the changes to our team’s plans, and excited about our progress innovating around new products and driving multi product adoption, including the release of Capture to all Dropbox users and the introduction of the rebranded Dropbox Sign,” Houston said.ĭropbox has shown an ability to grow consistently if not rapidly. So a user can share a password needed to access a sensitive file, prevent it from being copied, and then revoke access if required.ĭropbox co-founder and Chief Executive Drew Houston (pictured) called the company’s strong quarter an impressive achievement against an increasingly challenging macroeconomic backdrop. It also enhances file security with password protection and other features. In addition to its basic storage and sharing capabilities, Dropbox provides tools for companies to track how files are shared and used across an organization. Its software is used by thousands of companies globally to organize, manage, share and collaborate on important business documents. Dropbox’s share price stayed flat in after-hours trading.ĭropbox is an iconic name for many office workers, having established itself as a leading provider of cloud-based file storage and sharing tools. The results were good, since Wall Street analysts were modeling lower earnings of just 37 cents per share on sales of $585.5 million. Altogether, the company netted a profit of $83.2 million. ![]() The file-sharing company reported earnings before certain costs such as stock compensation of 43 cents per share, with revenue coming to $591 million in the period, up 7.4% from a year earlier. delivered strong third-quarter financial results today, beating Wall Street’s forecasts on earnings and revenue and offering guidance above expectations.
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