Showing posts with label Dropbox. Show all posts
Showing posts with label Dropbox. Show all posts

Thursday, August 9, 2018

Dropbox delivers Q2 sales of $339.2 million, up 27% yoy

Dropbox reported Q2 revenue of $339.2 million, an increase of 27% from the same period last year. GAAP gross margin was 73.6%, as compared to 65.4% in the same period last year. Non-GAAP gross margin was 74.5%, as compared to 66.7% in the same period last year. GAAP net loss was ($4.1) million, as compared to ($26.8) million in the same period last year. Non-GAAP net income was $48.0 million, as compared to $20.0 million in the same period last year.

  • Paying users totaled 11.9 million, as compared to 9.9 million for the same period last year. 
  • Average revenue per paying user was $116.66, as compared to $111.19 for the same period last year.
  • Dropbox also announced that Dennis Woodside, chief operating officer, is stepping down.

“We delivered another solid quarter of revenue growth in Q2, reflecting the strength of our unique business model,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “We added over a dozen new product features to our user and admin experiences, and strengthened our infrastructure, all while driving a 30% free cash flow margin.

Friday, March 23, 2018

Dropbox shares pop 40% in IPO

Shares in Dropbox popped by over 40% to over $29 on the first day of trading on Nasdaq.

The Nasdaq listing is DBX.  The initial public offering (IPO) price range as $18 to $20.

Dropbox passed the milestone of over 500 million registered users in March 2016. At the time, the Dropbox API was generating over 500 billion calls per year.  Collectively, these users have made 4.5 billion connections to share content.

Wednesday, March 7, 2018

Dropbox expands global private network, taps Equinix Cloud Exchange

Dropbox is expanding its global private network by offering its global collaboration platform on the Equinix Cloud Exchange Fabric.

Dropbox is also launching six new points of presence across North America and Europe that will improve performance and reliability for users globally.

The new PoPs will include Atlanta, Denver, Berlin, Toronto, Stockholm, and Oslo.By the end of the year, the company plans to have an infrastructure footprint that spans 29 facilities in 12 countries on four continents including North America, Europe, Asia and Australia.

“By rolling out network infrastructure across the globe over the last two years, we’ve improved performance and reliability for all of our users by allowing them to get more direct access to our data centers,” said Akhil Gupta, Vice President of Infrastructure, Dropbox. “The enhancements that we’re announcing today will extend these benefits to even more users around the world.”

Tuesday, November 4, 2014

Microsoft Partners with Dropbox

Microsoft announced a partnership with Dropbox that will allow Office applications to work better with Dropbox folders.

Over 1.2 billion people use Office. Dropbox has more than 300,000,000 users and has become home to more than 35 billion Office files.

“In our mobile-first and cloud-first world, people need easier ways to create, share and collaborate regardless of their device or platform,” said Satya Nadella, CEO of Microsoft. “Together, Microsoft and Dropbox will provide our shared customers with flexible tools that put them at the center for the way they live and work today.”

  • Dropbox is headquartered in San Francisco, with offices in Austin, New York, Dublin, and Sydney.  The service is now available in 19 languages.