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Dropbox beats Q3 expectations, grows paying customers

Dropbox on Thursday printed its 3rd quarter monetary effects, beating marketplace expectancies.

Non-GAAP web source of revenue for the quarter got here to $45 million, or 11 cents in step with percentage. Earnings was once $360.three million, up 26 p.c year-over-year.

Wall Boulevard was once on the lookout for income of 6 cents in step with percentage on income of $352.57 million.

The collaboration corporate had 12.three million paying customers in Q3, when put next 10.four million for a similar duration remaining 12 months. Moderate income in step with paying consumer was once $118.60, as in comparison to $112.05 a 12 months prior.

“We delivered some other quarter of robust execution in Q3, using wholesome most sensible line expansion and increasing unfastened money drift margins,” CEO Drew Houston mentioned in a commentary. “We are transport product options and updates our customers love, in line with a deep figuring out of our consumers and the gear they wish to do their ideal paintings. Blended with our ecosystem of best-in-class companions, Dropbox is turning into an much more central a part of our consumers’ workflows.”

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