Categories AlphaGraphs, Earnings, LATEST

DBX Earnings: Key highlights from Dropbox Q1 2020 results

Dropbox Inc. (NASDAQ: DBX) today announced its first quarter financial results for the period ended March 31, 2020.

Net income for the first quarter was $39.3 million, or $0.09 per share, compared with net loss of $7.7 million, or $0.02 per share in the first quarter of 2019.

Revenues increased 18% to $455 million.

DBX shares inched up 1% during the after hours following the earnings announcement.

We had a strong first quarter as we rallied together to support our customers and our community during this unprecedented public health crisis. We delivered healthy growth, record operating margins, and our first quarter of GAAP profitability. I’m incredibly proud of our team as we continue to build products that help facilitate distributed work at scale. We’ve built an enduring business and I remain confident in our future.

Drew Houston, CEO
Dropbox Announces Fiscal 2020 First Quarter Results

You may also like:

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top