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Dropbox Q2 Results Beat Estimates

Tiger Newspress2021-08-06

Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.33 by 21.21 percent. This is a 81.82 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $530.60 million which beat the analyst consensus estimate of $524.06 million by 1.25 percent. This is a 13.52 percent increase over sales of $467.40 million the same period last year.

Dropbox shares rose nearly 4% in extended trading.

Second Quarter Fiscal 2021 Results

  • Total revenue was$530.6 million, an increase of 13.5% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.4%.(1)
  • Total ARR ended at$2.166 billion, an increase of$53.8 millionquarter-over-quarter and an increase of 12.2% year-over-year. On a constant currency basis, year-over-year growth would have been 10.6%.(2)
  • Paying users ended at 16.14 million, as compared to 14.96 million for the same period last year. Average revenue per paying user was$133.15, as compared to$126.88for the same period last year.
  • GAAP gross margin was 79.8%, as compared to 78.1% in the same period last year. Non-GAAP gross margin was 81.2%, as compared to 79.2% in the same period last year.
  • GAAP operating margin was 15.9%, as compared to 2.7% in the same period last year. Non-GAAP operating margin was 31.9%, as compared to 20.6% in the same period last year.
  • GAAP net income was$88.0 million, as compared to$17.5 millionin the same period last year. Non-GAAP net income was$160.5 million, as compared to$93.2 millionin the same period last year.
  • Net cash provided by operating activities was$219.9 million, as compared to$145.9 millionin the same period last year. Free cash flow was$216.0 million, as compared to$119.8 millionin the same period last year.
  • GAAP diluted net income per share attributable to common stockholders was$0.22, as compared to$0.04in the same period last year. Non-GAAP diluted net income per share attributable to common stockholders was$0.40, as compared to$0.22in the same period last year.(3)
  • Cash, cash equivalents and short-term investments ended at$1.944 billion.

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Comment25

  • RahayuYunus
    ·2021-08-10
    Soon
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  • NatYong
    ·2021-08-06
    Cash, cash equivalents and short-term investments ended at$1.944 billion.
    Reply
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  • AdT
    ·2021-08-06
    Looks good!
    Reply
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  • Jazling
    ·2021-08-06
    Wow
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    • Jazling
      Ok
      2021-08-06
      Reply
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  • kevinlaisq
    ·2021-08-06
    Pls comment
    Reply
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    • Ivanyzs
      Comment
      2021-08-06
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  • moneytools
    ·2021-08-06
    Ok..
    Reply
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  • Winyss10
    ·2021-08-06
    2 minutes ago
    Reply
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  • Fredsong88
    ·2021-08-06
    ??????
    Reply
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    • Gracejul
      Wonderful! Pls like n comments
      2021-08-06
      Reply
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    • ZlatanReplying toGracejul
      noo
      2021-08-06
      Reply
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    • Fredsong88
      ??????
      2021-08-06
      Reply
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  • Weijunn
    ·2021-08-06
    ?
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  • chi911
    ·2021-08-06
    Okay
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  • AJ1977
    ·2021-08-06
    Ggggggv
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  • Colin08
    ·2021-08-06
    [開心] [開心] [開心] [開心] 
    Reply
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  • KOHLP
    ·2021-08-06
    Great[Call] [Call] [Call] 
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  • NRN
    ·2021-08-06
    ?
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  • Shadowrider
    ·2021-08-06
    Interesting 
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  • Whateverqw
    ·2021-08-06
    Drop
    Reply
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  • SeanSak
    ·2021-08-06
    Like n comment
    Reply
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    • Gracejul
      Wonderful!!! Pls lIke and comments
      2021-08-06
      Reply
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    • indietro_
      Liked
      2021-08-06
      Reply
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  • Jfm9513
    ·2021-08-06
    Good
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  • RXU
    ·2021-08-06
    expected
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    • airui
      back to around ipo price
      2021-08-06
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  • triu
    ·2021-08-06
    Like
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