Dropbox Announces Fiscal 2020 Second Quarter Results
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Dropbox (DBX) Tops Q2 EPS by 5c, CFO Leaves
August 6, 2020 4:15 PM EDTDropbox (NASDAQ: DBX) reported Q2 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $467.4 million versus the consensus estimate of $465.29 million.
"Our Q2 results are a testament to our teams hard work supporting our customers in this new environment, said Dropbox Co-founder and Chief Executive Officer Drew Houston. Over the past quarter, we introduced a number of products to help facilitate distributed work, addressing both team and personal use cases. With solid revenue growth, robust margin expansion, and continued GAAP profitability, we remain confident in the resiliency of our... More
