Dropbox, Inc. (NASDAQ: DBX), a cloud-based doc administration platform, reported a double-digit enhance in adjusted earnings for the second quarter of 2024, aided by a 2% enhance in revenues.
Second-quarter earnings, excluding particular objects, rose to $0.60 per share from $0.51 per share within the corresponding interval of final 12 months. On a reported foundation, the web revenue was $110.5 million or $0.34 per share in Q2, in comparison with $43.2 million or $0.13 per share in the identical interval of 2023.
Revenues elevated 2% yearly to $634.5 million. The highest line benefited from a rise within the variety of paying customers to 18.22 million.
“In Q2, we improved the functionality and experience of our core FSS product and made it easier for our customers to discover, try, and buy everything we have to offer,” stated Dropbox’s CEO Drew Houston.
