Dropbox Reports Q4 Earnings Beat, Revenue Tops Estimates
San Francisco, CA - Dropbox Inc. (DBX) announced its fourth-quarter financial results on Thursday, exceeding Wall Street expectations.
Key Highlights:
* Net income of $102.8 million, or 34 cents per share
* Adjusted earnings per share of 73 cents
* Revenue of $643.6 million
Analysis:
* Beat analyst estimates of 62 cents per share in earnings and $638.5 million in revenue
* Fourth-quarter results driven by strong demand for cloud storage and collaboration services
* For the full year, Dropbox reported profits of $452.3 million, or $1.40 per share, on revenue of $2.55 billion
These results demonstrate Dropbox's continued growth and position as a leading provider of enterprise file-sharing solutions.