Dropbox, Inc. (NASDAQ: DBX) reported a rise in adjusted earnings for the third quarter of 2024. Revenues rose modestly throughout the quarter.
The corporate, a number one cloud-based doc administration platform, reported earnings of $0.60 per share for the third quarter, excluding particular gadgets, in comparison with $0.56 per share within the corresponding interval of final yr. On a reported foundation, the web revenue was $106.7 million or $0.34 per share in Q3, in comparison with $114.1 million or $0.33 per share in the identical interval of 2023.
Revenues elevated 1% year-over-year to $638.8 million within the September quarter. The highest line benefited from a rise within the variety of paying customers to 18.24 million.
“As the market opportunity heats up, we can leverage our large installed base, trusted brand, and scaled infrastructure to deliver on our next phase of growth. I’m excited about the opportunity to reimagine how we solve our customers’ biggest problems for the cloud-native, AI-powered world,” stated Dropbox’s CEO Drew Houston.
