Is Dropbox Making More Money Than It Knows What to Do With?
Cloud-storage and content-collaboration platform Dropbox (NASDAQ: DBX) reported second-quarter earnings on Aug. 5 and trounced its own expectations in nearly every category. Thanks to its cost-cutting initiatives and strong customer demand, the company's profit margins are already beginning to exceed management's long-term goals.
But with earnings coming in at a record pace, management is facing a new problem -- what to do with all of its excess cash?
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Source Fool.com
