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
You may also like:
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard