Holger Mueller of Constellation Research Inc. On the other hand, it did at least increase that customer base, ending the quarter with 17.77 million paying customers, up from 16.79 million last year.
While Dropbox’s annual recurring revenue grew by 11.2% ,to $2.514 billion at the end of the quarter, it also reported that its average revenue per paying user fell slightly, from $134.78 a year earlier to $134.53 at the end of the quarter. The acquisition of FormSwift was primarily designed to make Dropbox’s offerings more attractive, and that’s something it clearly needs to do given its laborious growth in recent quarters. The company acquired FormSwift in December, adding hundreds of customizable document templates to its existing suite of document management tools.
Dropbox annual fee software#
Its software is used by thousands of companies globally to organize, manage, share and collaborate on important business documents. “We increased our profitability and free cash flow and continued to use M&A as an engine for growth, welcoming FormSwift to Dropbox,” he said.ĭropbox is an iconic name for many office workers, having established itself as a leading provider of cloud-based file storage and sharing tools.
Dropbox annual fee full#
For the full year, Dropbox delivered a net profit of $553.2 million on total revenue of $2.32 billion.ĭropbox co-founder and Chief Executive Drew Houston (pictured) insisted that fiscal 2022 was a “solid year” for the company, which did well amidst a challenging macroeconomic environment. Revenue for the period came to $598.8 million, up 6% from a year earlier and above the analyst estimate of $593.8 million.ĭropbox ended the quarter with a net profit of $328.3 million, improving on the $124.6 million profit it recorded in the same period last year. It reported earnings before certain costs such as stock compensation of 40 cents per share, just ahead of Wall Street’s target of a profit of 39 cents. The company did at least beat expectations with its fourth-quarter financial results.
were trending down in the after-hours trading session today after the company reported pedestrian growth and a decline in its average revenue per paying user.
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