This call is scheduled to begin at 2:00 p.m. (1) Non-GAAP diluted net income per share is calculated based upon 418.7 million and 420.0 million diluted weighted-average shares of common stock for the three months ended Septemand 2018, respectively.ĭropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website at .ĭropbox plans to host a conference call today to review its third quarter financial results and to discuss its financial outlook. (1)Ĭash, cash equivalents and short-term investments were $1.031 billion at the end of the third quarter of 2019. Non-GAAP diluted net income per share was $0.13, as compared to $0.11 in the same period last year. GAAP basic and diluted net loss per share was ($0.04), as compared to ($0.01) in the same period last year. Free cash flow was $102.5 million, as compared to $120.0 million in the same period last year. Net cash provided by operating activities was $149.7 million, as compared to $128.0 million in the same period last year. Non-GAAP net income was $55.9 million, as compared to $45.0 million in the same period last year. GAAP net loss was ($17.0) million, as compared to ($5.8) million in the same period last year.
Non-GAAP operating margin, which excludes stock-based compensation, acquisition-related and other expenses, and amortization of acquired intangible assets, was 13.1%, as compared to 12.8% in the same period last year.
GAAP operating margin was (4.3)%, as compared to (2.5)% in the same period last year. Non-GAAP gross margin was 76.7%, as compared to 75.9% in the same period last year. GAAP gross margin was 75.5%, as compared to 75.0% in the same period last year. Average revenue per paying user was $123.15, as compared to $118.60 for the same period last year. Paying users totaled 14.0 million, as compared to 12.3 million for the same period last year. Total revenue was $428.2 million, an increase of 19% from the same period last year. Together with the launch of Dropbox Spaces, we’re making great progress towards building the world's first smart workspace where people can focus on the work that matters.” “We’re excited about the early momentum we’ve seen with our new desktop app - millions are already using it since it was made generally available on September 25. “We had a strong Q3 highlighted by 19% top line growth and margin expansion,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), the world’s first smart workspace, today announced financial results for its third fiscal quarter ended September 30, 2019. SAN FRANCISCO-( BUSINESS WIRE)-Dropbox, Inc.
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