Dropbox Announces Fiscal 2024 First Quarter Results
Dropbox, Inc. - Class A (DBX)
Company Research
Source: Business Wire
First Quarter Revenue of $631.3 Million, up 3.3% year-over-year; on a constant currency basis, up 3.2% year-over-yearGAAP Operating Margin of 22.7% and Non-GAAP Operating Margin of 36.5%Net Cash Provided by Operating Activities of $175.5 Million and Free Cash Flow of $166.3 Million SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2024.“In Q1, our core business delivered in-line revenue and better than anticipated profitability,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “We recently announced a collection of product updates designed to make it even easier for our users to secure, organize and share their content across different devices, locations and platforms. Looking ahead, we’ll stay disciplined in our operations, while investing in growth initiatives focused on building AI powered product experiences to improve distributed work for our customers.”First Quarter Fiscal 202
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- Dropbox (DBX) Q1 Earnings Beat Estimates, Revenues Up Y/Y [Yahoo! Finance]Yahoo! Finance
- Here's Why Dropbox, Inc.'s (NASDAQ:DBX) CEO Compensation Is The Least Of Shareholders Concerns [Yahoo! Finance]Yahoo! Finance
- Dropbox Announces Fiscal 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Here's Why Dropbox (DBX) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
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