AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Dropbox11/23/2023 GAAP operating margin was 9.1%, as compared to 14.5% for the same period last year, with such change partially due to $37.5 million in expenses related to the Company's reduction in workforce, such as severance, benefits and other related items, which were incurred in the second quarter of 2023. Non-GAAP gross margin was 82.7%, as compared to 83.0% for the same period last year. GAAP gross margin was 80.7%, as compared to 81.5% for the same period last year. Average revenue per paying user was $138.94, as compared to $133.34 for the same period last year. Paying users ended at 18.04 million, as compared to 17.37 million for the same period last year. On a constant currency basis, Total ARR grew $32.6 million quarter-over-quarter, and year-over-year growth would have been 10.9%. Total ARR ended at $2.500 billion, an increase of 7.2% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.2%. Total revenue was $622.5 million, an increase of 8.7% from the same period last year. “As we navigate this period of economic uncertainty, we remain focused on improving the product experience within core Dropbox and creating more value across workflows and AI driven capabilities.” “In Q2, we delivered a solid quarter beating our guidance across all metrics, and introduced exciting AI-powered product experiences to our customers, including Dropbox Dash and Dropbox AI,” said Co-Founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), today announced financial results for its second quarter ended June 30, 2023. SAN FRANCISCO-( BUSINESS WIRE)-Dropbox, Inc.
0 Comments
Read More
Leave a Reply. |