Dropbox, Inc. (NASDAQ: DBX) on Friday introduced monetary outcomes for the third quarter of fiscal 2025, reporting a rise in adjusted earnings.
The tech agency, a number one cloud-based doc administration platform, reported adjusted earnings of $0.74 per share for the third quarter, in comparison with $0.60 per share within the corresponding interval final yr. On a reported foundation, web earnings rose to $123.8 million or $0.47 per share in Q3 from $106.7 million or $0.34 per share in Q3 2024.
Third-quarter revenues have been $634.4 million, in comparison with $638.8 million within the year-ago quarter. On a relentless foreign money foundation, income was down 1.2% year-over-year.
“We simply launched the self-serve model of Sprint and deep integration with Dropbox, giving each new clients and our present base of 575,000 paying companies entry to an AI assistant and search engine that connects to all their work apps. Early buyer response has been optimistic, and we’re additionally seeing continued enchancment in retention and execution in our core enterprise as we deal with sustainable development,” mentioned Dropbox’s CEO Drew Houston.
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