Dropbox raises full-year guidance after another solid earnings beat
SHARE Cloud file-sharing company Dropbox Inc. has gotten off to a solid start in the first quarter of its fiscal 2021, beating expectations on both profit and revenue. The company reported a profit before certain costs such as stock compensation today of 35 cents per share on revenue of $511.6 million, up 12% from the same period one year ago. That comfortably exceeded Wall Street’s model of 30 cents per share in earnings and $505.18 million in revenue. Dropbox Chief Executive Drew Houston (pictured) waxed about the company’s various achievements during the quarter. “We kicked off the ...
Source: siliconangle.com