Cloud service provider Dropbox, Inc. (NASDAQ: DBX) reported lower adjusted earnings first quarter of 2023, despite an increase in revenues.
First-quarter earnings, excluding special items, decreased to $0.42 per share from $0.38 per share in the corresponding period of last year. On a reported basis, the net profit was $69 million or $0.20 per share, compared to $79.7 million or $0.21 per share in the first quarter of 2022.
Revenues increased 9% annually to $611.1 million. The top line benefited from a 5% increase in the number of paying users to 17.9 million.
“While the economic backdrop remains tough for our existing businesses, the AI era of computing has arrived and we see a huge opportunity to apply AI/ML to our products to transform knowledge work. I’m committed to ensuring Dropbox is at the forefront of this era and excited to bring more AI-powered products to market for our customers,” said Dropbox’s CEO Drew Houston.
Energy holding company Duke Energy (NYSE: DUK) announced financial results for the fourth quarter of…
Marriott International, Inc. (NASDAQ: MAR) on Tuesday reported an increase in adjusted earnings for the…
Aramark Holdings Corp (NYSE: ARMK) shares closed at about $38.77 on Monday, marking a modest…
S&P Global (NYSE: SPGI), a leading provider of financial intelligence solutions, reported strong earnings growth…
Fiserv Inc. (NASDAQ: FISV) reported its fourth quarter 2025 earnings results today. Revenue increased 1%…
Incyte achieved total revenue of $5.14 billion for the full year 2025, a 21% year-over-year…