Categories AlphaGraphs, Earnings, Technology
DBX Infographic: Everything you need to know about Dropbox’s Q2 2022 results
Cloud service provider Dropbox, Inc. (NASDAQ: DBX) reported stronger-than-expected earnings and revenues for the second quarter of 2022. The company’s user base grew by 8% during the period.
Second-quarter earnings, excluding special items, dropped to $0.38 per share from $0.40 per share in the corresponding period of last year. Analysts had predicted a slower growth. On a reported basis, net profit was $62 million or $0.17 per share, compared to $88 million or $0.22 per share in the second quarter of 2021.
Meanwhile, revenues increased 8% annually to $572.7 million, which also exceeded the consensus forecast. The top line benefited from an 8% increase in the number of users.
Check this space to read management/analysts’ comments on Dropbox’s Q2 results
“We made great progress this quarter, enhancing performance and functionality in our core FSS product, releasing additional security and data protection capabilities, and expanding workflows, like Capture and Replay. We believe we’re operating from a position of strength to deliver value to shareholders, thanks to strong profitability and improved customer retention,” said Dropbox’s CEO Drew Houston.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%