Dropbox, Inc. (NASDAQ: DBX) reported an increase in adjusted earnings for the third quarter of 2024. Revenues rose modestly during the quarter.
The company, a leading cloud-based document management platform, reported earnings of $0.60 per share for the third quarter, excluding special items, compared to $0.56 per share in the corresponding period of last year. On a reported basis, the net profit was $106.7 million or $0.34 per share in Q3, compared to $114.1 million or $0.33 per share in the same period of 2023.
Revenues increased 1% year-over-year to $638.8 million in the September quarter. The top line benefited from an increase in the number of paying users to 18.24 million.
“As the market opportunity heats up, we can leverage our large installed base, trusted brand, and scaled infrastructure to deliver on our next phase of growth. I’m excited about the opportunity to reimagine how we solve our customers’ biggest problems for the cloud-native, AI-powered world,” 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
INTU Earnings: Intuit reports higher Q3 revenue and profit; results beat
Financial technology company Intuit Inc. (NASDAQ: INTU) on Thursday reported stronger-than-expected revenue and adjusted earnings for the third quarter of 2025. The Mountain View-headquartered company’s third-quarter revenue was $7.75 billion,
Against a challenging backdrop, Lowe’s (LOW) is focusing on these two pillars of its strategy
Shares of Lowe’s Companies, Inc. (NYSE: LOW) were down over 1% on Thursday. The stock has dropped 8% over the past three months. The company saw sales and earnings decline
Earnings Preview: Can Salesforce regain its growth momentum this year?
Salesforce, Inc. (NYSE: CRM) has constantly innovated its products and services after successfully adopting the SaaS business model years ago. The company's growth has slowed in recent quarters, and its
