Dropbox, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:06 pm EST
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Dropbox, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 635 million compared to USD 598.8 million a year ago. Net income was USD 227.3 million compared to USD 328.3 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.93 a year ago.
For the full year, sales was USD 2,501.6 million compared to USD 2,324.9 million a year ago. Net income was USD 453.6 million compared to USD 553.2 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 1.31 compared to USD 1.52 a year ago.
Dropbox, Inc. provides tools to help distributed teams prioritize, get organized, and keep work moving securely from anywhere. Its products include Dropbox Passwords, Vault, Computer Backup, Dropbox Sign, DocSend, Dropbox Capture and FormSwift, among others. Dropbox Passwords allows users to sign into Websites and apps by creating and storing usernames and passwords across devices. Dropbox Vault helps secure and organize sensitive information in the cloud. Computer backup automatically syncs folders on a user's computer to the cloud. Dropbox Sign is an e-signature and document workflow platform that enables customers to easily sign, send and receive documents through its intuitive Web and mobile-based interfaces. DocSend is a secure document sharing and analytics platform. Dropbox Capture is an all-in-one visual communication tool that helps team members share their work and ideas asynchronously. Its customers include individuals, families, teams, and organizations of all sizes.
DROPBOX, INC. 
