Categories AlphaGraphs, Earnings, Technology
DBX Earnings: Dropbox Q3 2023 revenues and earnings increase
Dropbox, Inc. (NASDAQ: DBX), a cloud-based document management platform, reported an increase in adjusted earnings for the third quarter of 2023, aided by a 7% increase in revenues.
Third-quarter earnings, excluding special items, rose to $0.56 per share from $0.43 per share in the corresponding period of last year. On a reported basis, the net profit was $114.1 million or $0.33 per share in Q3, compared to $83.2 million or $0.23 per share in the third quarter of 2022.
Revenues increased 7% annually to $633 million. The top line benefited from a 4% increase in the number of paying users to 18.17 million.
“We continue to see an opportunity to leverage AI and machine learning to improve the experience of distributed work that will provide long-term value for our customers and shareholders,” said Dropbox’s CEO Drew Houston.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
