Dropbox tops estimates in first earnings report since IPO

[Jamie McKane]

Dropbox tops estimates in first earnings report since IPO

Dropbox Inc.’s sales and profit topped estimates in its first quarter as a public company, lifted by growing corporate demand for paid versions of its cloud-based file-sharing software.

First-quarter profit, excluding some costs, was 8 cents a share, compared with the 4-cent average prediction of analysts polled by Bloomberg.

[Bloomberg]

 

[Bryn]

I've always been impressed at how Dropbox enjoys such a healthy subscriber base. The competition they're up against is really brutal.

Unlimited Google Drive storage is included with G Suite and even non-business subscribers enjoy their paid storage covering their Gmail account. 1TB OneDrive is included with Office 365 Business Premium and home users get it too with Personal and Home.

Maybe they should get a partnership going with Spotify, Adobe or Slack - anything to create a special combo deal that can take on the value the tech giants are offering.

 

[f2wohf]

I've always been impressed at how Dropbox enjoys such a healthy subscriber base. The competition they're up against is really brutal.

Unlimited Google Drive storage is included with G Suite and even non-business subscribers enjoy their paid storage covering their Gmail account. 1TB OneDrive is included with Office 365 Business Premium and home users get it too with Personal and Home.

Maybe they should get a partnership going with Spotify, Adobe or Slack - anything to create a special combo deal that can take on the value the tech giants are offering.

+1

Was going to say the same.

 

[Bryn]

+1

Was going to say the same.

Spotify are in the same boat, seeing as Apple, Amazon and Google are combo-ing their music streaming with loads more value for no extra cost (and investing heavily to improve further on that front).

These vulnerable companies provide great services, and could definitely team up for special combos.