Cloud services are getting increasingly competitive with companies like Apple and Microsoft fighting for their market share. Dropbox has managed to deliver since its IPO earlier this year. Can it continue to prove sceptics wrong?
Earnings report date: 8 November 2018
Dropbox Q3 results will be reported on Thursday after the market closes.
- The consensus EPS quarterly forecast is $0.06 per share on revenue of $352.57 million.
- The company’s revenue for Q2 was up 27.2% compared to the same quarter last year.
Growth in the number of paid users and increased per-user revenue are likely to push the earnings even higher. Their project management tool, Dropbox Paper, has rolled out a number of new features, including more support for third-party integration. These improvements are aimed at strengthening its infrastructure and are expected to positively impact growth.
Dropbox Inc. offers a number of cloud-based services. The company was founded in 2007 as Evenflow, Inc. and changed its name to Dropbox, Inc. back in October 2009. Similar to many other tech giants, it’s headquartered in San Francisco, California.