Subscribe to our mailing list

Dropbox gross sales, revenue prime estimates in first report after IPO

Dropbox’s gross sales and revenue topped estimates in its first quarter as a public firm, lifted by rising company demand for paid variations of its cloud file-sharing software program.

First-quarter revenue, excluding some prices, was eight cents a share, in contrast with the Four-cent common prediction of analysts. Gross sales rose 28 p.c to $316.three million, Dropbox stated Thursday. Analysts had been projecting income of $309.three million.

The San Francisco firm is the main maker of applications that permit customers share and synchronize digital recordsdata. The corporate offered shares for $21 apiece in March, and traders had been watching the report back to get a way of the corporate’s momentum post-IPO.

Powered by WPeMatico

Author: Techno Info

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Author Spotlight