Categories AlphaGraphs, Earnings, Technology
DBX Earnings: Dropbox Q2 2023 adj. profit rises on higher revenues
Cloud service provider Dropbox, Inc. (NASDAQ: DBX) reported an increase in adjusted earnings for the second quarter of 2023, aided by a 9% increase in revenues.
Second-quarter earnings, excluding special items, rose sharply to $0.51 per share from $0.38 per share in the corresponding period of last year. On a reported basis, the net profit was $43.2 million or $0.15 per share in Q2, compared to $62 million or $0.17 per share in the second quarter of 2022.
Revenues increased 9% annually to $622.5 million. The top line benefited from a 4% increase in the number of paying users to 18.04 million.
“As we navigate this period of economic uncertainty, we remain focused on improving the product experience within core Dropbox and creating more value across workflows and AI-driven capabilities,” said Dropbox’s CEO Drew Houston.
Prior Performance
Most Popular
DRI Earnings: Darden Restaurants’ Q2 2026 sales and profit rise YoY
Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, on Thursday reported an increase in sales and adjusted earnings for the second quarter of fiscal 2026. Total sales
CarMax (KMX) Q3 2026 earnings drop on lower sales; results beat estimates
Used car retailer CarMax, Inc. (NYSE: KMX) on Thursday reported a decline in earnings for the third quarter of fiscal 2026, hurt by lower sales. However, both revenues and earnings
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results
Accenture (NYSE: ACN) reported its first quarter 2026 earnings results today. Revenues of $18.7 billion increased 6% in US dollars and 5% in local currency compared to the same period a
