It also enhances file security with password protection and other features. In addition to its basic storage and sharing capabilities, Dropbox provides tools for companies to track how files are shared and used across an organization.
Its software is used by thousands of companies globally to organize, manage, share and collaborate on important business documents.
Dropbox’s share price stayed flat in after-hours trading.ĭropbox is an iconic name for many office workers, having established itself as a leading provider of cloud-based file storage and sharing tools. The results were good, since Wall Street analysts were modeling lower earnings of just 37 cents per share on sales of $585.5 million. Altogether, the company netted a profit of $83.2 million. The file-sharing company reported earnings before certain costs such as stock compensation of 43 cents per share, with revenue coming to $591 million in the period, up 7.4% from a year earlier. delivered strong third-quarter financial results today, beating Wall Street’s forecasts on earnings and revenue and offering guidance above expectations.
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