Breaking News

Casio Releases EDIFICE Featuring Forged Carbon Celebrating the first 30 Years of PlayStation HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Dropbox Fiscal 2019 Third Quarter Revenue Up on Subscriber Growth

Dropbox Fiscal 2019 Third Quarter Revenue Up on Subscriber Growth

Enterprise & IT Nov 7,2019 0

Dropbox reported revenue increase of 19% from the same period last year, as the online file hosting company added more individual and business customers

“We had a strong Q3 highlighted by 19% top line growth and margin expansion,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. “We’re excited about the early momentum we’ve seen with our new desktop app — millions are already using it since it was made generally available on September 25. Together with the launch of Dropbox Spaces, we’re making great progress towards building the world's first smart workspace where people can focus on the work that matters.”

The company’s revenue rose 19% to $428.20 million in the third quarter. This was the seventh straight quarter of sales beat since the company went public in March 2018.

Average revenue per user rose to $123.15.

Dropbox had 14 million subscribers at the end of the quarter, up from 12.3 million a year earlier.

However, net loss widened to $17 million in the three months ended Sept. 30, from $5.8 million a year earlier.

Tags: Dropboxfinance
Previous Post
Activision Blizzard Results Boosted by Latest Call of Duty Titles
Next Post
Aventura Technologies and its Senior Management Charged with Fraud, Money Laundering and Illegal Importation of Equipment Manufactured in China

Related Posts

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Panasonic Annual Profit Decreased, Tesla Battery Venture Brings Gains

  • Sony's Q4 Profit Dropped 57% on Low Image Sensor Sales

  • Sharp Cuts Full-year Profit Forecast as Virus Impacts Demand

  • Roku Says Ad Sales Growth is Slowing, Platform Sees Growth

  • Amazon Could Report Loss in Q2 As a Result of COVID-19-related Costs

  • Apple Reports High Sales Despite Coronavirus, Future Uncertainties Remain

  • Twitter Reports Small Revenue As Advertising Business Hit By Covid-19

Latest News

Casio Releases EDIFICE Featuring Forged Carbon
Consumer Electronics

Casio Releases EDIFICE Featuring Forged Carbon

Celebrating the first 30 Years of PlayStation
Gaming

Celebrating the first 30 Years of PlayStation

HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage
Enterprise & IT

HighPoint introduces Industry’s First Hardware Architecture for GPU-Direct NVMe Storage

Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series
Cameras

Panasonic Introduces the First Ultra-Telephoto Zoom Lens in the LUMIX S Series

CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards
PC components

CORSAIR announces Vanguard Pro 96 and Vanguard 96 Gaming Keyboards

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed