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Dropbox Result Q1 2018



Dropbox reported better-than-expected first-quarter results in its first earnings report as a public company after Thursday's bell. The cloud software company will discuss the results with analysts in a conference call at 5 pm. Eastern time.

.33 billion dollars.

On the way to the profit zone, the analysts of Mark Mahaney showed optimistic May 4 note. "Our due diligence checks show very high customer satisfaction based on the intuitive user interface, ease of use and simplicity of DBX," they wrote.

In the first quarter, Dropbox announced partnerships with Google and Salesforce. Partnerships like these could "serve as a tailwind in the near and long term," Mahanei's team wrote. At the same time, they acknowledged that the market in which Dropbox does business is "very competitive" with Google, Box and Atlassian.

Dropbox said on Monday that it had 11.5 million paying users in the first quarter. According to StreetAccount, this disclosure includes around 500,000 new paying users, above the FactSet consensus estimate of 275,600. RBC analysts estimate that Dropbox would add 140,000 paying users in the quarter for a total of 11.12 million, a growth of 23 percent over the previous year. Analyst Rishi Jaluria at D.A. Davidson announced its estimated user growth estimate at 22 percent in a May 8 announcement.

According to Dropbox, average earnings per paying user were $ 114.30, which, according to StreetAccount, surpassed the FactSet consensus estimate of $ 111.97. Jaluria had predicted that Dropbox would report average revenue of $ 109.99 per user in the first quarter, while the RBC analyst estimate was $ 113.2 million. For the full year 2017, this figure was $ 111.91.

The Dropbox stock was traded on the Nasdaq on March 23. The stock is currently about 1 percent above the debut price of $ 29 per share. During the same period, the inventory of competitors box increased by 24 percent.

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