Dropbox, Inc. (NASDAQ: DBX), a cloud-based document management platform, reported a double-digit increase in adjusted earnings for the second quarter of 2024, aided by a 2% increase in revenues.
Second-quarter earnings, excluding special items, rose to $0.60 per share from $0.51 per share in the corresponding period of last year. On a reported basis, the net profit was $110.5 million or $0.34 per share in Q2, compared to $43.2 million or $0.13 per share in the same period of 2023.
Revenues increased 2% annually to $634.5 million. The top line benefited from an increase in the number of paying users to 18.22 million.
“In Q2, we improved the functionality and experience of our core FSS product and made it easier for our customers to discover, try, and buy everything we have to offer,” said Dropbox’s CEO Drew Houston.
The post DBX Earnings: Dropbox Q2 2024 profit jumps; revenue up 2% first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
