Revenue of $360.3 Million, Up 26% Year-over-year Net Cash Provided by Operating Activities of $128.0 Million and Free Cash Flow of $120.0 Million
“We delivered another quarter of strong execution in Q3, driving healthy top line growth and expanding free cash flow margins”, said Dropbox Co-founder and Chief Executive Officer Drew Houston. “We’re shipping product features and updates our users love, based on a deep understanding of our customers and the tools they need to do their best work.”
Paying users totaled 12.3 million, as compared to 10.4 million for the same period last year.
Average revenue per paying user was $118.60, as compared to $112.05 for the GAAP gross margin was 75.0%, as compared to 68.1% in the same period last year.
Non-GAAP gross margin was 75.9%, as compared to 69.1% in the same period last year. GAAP operating margin was (2.5%), as compared to (5.7%) in the same period last year.
Non-GAAP operating margin was 12.8%, as compared to 8.2% in the same period GAAP net loss was ($5.8) million, as compared to ($14.1) million in the same period last year. Non-GAAP net income was $45.0 million, as compared to $23.5 million in the …
[Read on via official release]
Source: US SEC
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