Dropbox earnings and revenue for the first quarter surpassed analysts’ expectations.
The file hosting service company reported earnings of 10 cents per share for the quarter, which is higher than analysts’ estimates of 6 cents per share (based on FactSet data). Revenue of $385.6 million also came in higher than analysts’ expectations of $381.6 million. Revenue grew +22% from the same quarter in the prior year.
The first quarter also marked the completion of Dropbox’s acquisition of e-signature and document workflow platform HelloSign for $230 million.
The company expects revenue for the current quarter to range between $399 million and $401 million, compared to analysts’ forecast of $399.4 million.