Can Newly Profitable Dropbox Keep Climbing?
The era of widespread work-from-home policies has settled in, and increased reliance on online collaboration tools has fueled growth in many companies. Quiet first-mover Dropbox (NASDAQ: DBX) is no exception. It may not wow investors with its past financials, but Dropbox was one of the world's first cloud collaboration tools, and it still has potential to grow.
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In FY20 Q1, the company saw its first profitable quarter. Total revenue grew 18% year over year, and annual recurring revenue increased by 16% over the same time period.
Source Fool.com
