Categories AlphaGraphs, Earnings, Technology
DBX Earnings: Dropbox Q4 2022 revenue and profit increase
Cloud service provider Dropbox, Inc. (NASDAQ: DBX) has reported higher earnings and revenues for the fourth quarter of 2022 when the company’s user base grew by 6%.
Fourth-quarter earnings, excluding special items, decreased modestly to $0.40 per share from $0.41 per share in the corresponding period of last year. On a reported basis, the net profit was $328.3 million or $0.93 per share, compared to $124.6 million or $0.32 per share in the fourth quarter of 2021.
Revenues increased 6% annually to $598.9 million. The top line benefited from a 6% increase in the number of paying users.
Check this space to read management/analysts’ comments on Dropbox’s Q4 results
“Looking ahead to 2023, we remain focused on executing against our strategic objectives, improving our operational efficiency, and continuing to leverage advancements in AI and ML into our product roadmap as we work towards our mission of designing a more enlightened way of working,” said Dropbox’s CEO Drew Houston.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased