The company is up 5.93% on the results and currently trades at $20.8 per share.ĭropbox may have had a tough quarter, but does that actually create an opportunity to invest right now? It is important that you take into account its valuation and business qualities, as well as what happened in the latest quarter. Overall, this quarter's results were decent. On the other hand, it was unfortunate to see the slowdown in customer growth.
#Dropbox stock free
With a market capitalization of $7.03 billion Dropbox is among smaller companies, but its more than $1.25 billion in cash and positive free cash flow over the last twelve months put it in a very strong position to invest in growth.ĭropbox topped analysts’ revenue expectations this quarter, even if just narrowly and delivered strong free cash flow. That is a little slower customer growth than what we are used to seeing lately, suggesting that the customer acquisition momentum is slowing down. You can see below that Dropbox reported 17,900,000 customers at the end of the quarter, an increase of 130,000 on last quarter. You can find it on our platform for free. The result is an impressive business that is up an incredible 18,152% since the IPO.
#Dropbox stock software
Unknown to most investors, this company is one of the highest-quality software companies in the world, and their software products have been the default standard in critical industries for decades. In volatile times like these we look for robust businesses with strong pricing power. We can see that the company increased revenue by $12.3 million quarter on quarter accelerating up on $7.8 million in Q4 2022.Īhead of the earnings results the analysts covering the company were estimating sales to grow 6.09% over the next twelve months.
Sales GrowthĪs you can see below, Dropbox's revenue growth has been slower over the last two years, growing from quarterly revenue of $511.6 million in Q1 FY2021, to $611.1 million.ĭropbox's quarterly revenue was up 8.66% year on year. The growth of digital documents has spurred an explosion of collaboration within and between businesses, which in turn is driving the demand for e-signature and content management platforms. The catch phrase "digital transformation" originally referred to the digitization of documents within enterprises. “We’re pleased with our financial results in Q1, beating our guidance across all metrics," said Dropbox Co-Founder and Chief Executive Officer Drew Houston.įounded by the long-serving CEO Drew Houston and Arash Ferdowsi in 2007, Dropbox (NASDAQ:DBX) provides a file hosting cloud platform that helps organizations collaborate and share documents. Gross Margin (GAAP): 80.9%, up from 79.9% same quarter last year.Free cash flow of $138 million, down 24.1% from previous quarter.EPS (non-GAAP): $0.42 vs analyst estimates of $0.36 (17% beat).Revenue: $611.1 million vs analyst estimates of $601.1 million (1.66% beat).
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