Dropbox had acquired HelloSign in 2019 for an estimated $230 million. They will be able to utilize DocSend to deliver proposals as well as track engagement.ĭropbox plans to integrate the offerings from an earlier acquisition, HelloSign, that has helped Dropbox manage contracts and invoices. The acquisition will allow clients that use Dropbox to collaborate on messaging docs, presentations, and projects. It lets its customers share documents with their end users and get real-time feedback on the documents. Founded in 2013 by Dave Koslow, Russ Heddleson, and Tony Cassanego, DocSend provides business leaders with a secure analytics and document sharing product. Recently, Dropbox announced the acquisition of San Francisco-based DocSend for an estimated $165 million. It ended the year with an EPS of $0.93.ĭropbox did not provide an outlook for the quarter or the current year. Paying users grew from 14.31 million a year ago to 15.48 million for the quarter and average revenue per paying user increased from $125 to $130.17.įor the fiscal year, revenues grew 15% to $1.914 billion. On an adjusted basis, EPS was $0.28 per share compared with the market’s expectations of $0.24.Īmong operating metrics, it reported an ARR of $2.02 billion, growing 12% over the year. Net loss was $345.8 million compared with a net loss of $6.6 million a year ago.
Revenues for the quarter grew 13% to $504.1 million, ahead of the market’s forecast of $498 million. The company is going strong on acquisitions and product upgrades, but competition continues to remain brutal in the market. Dropbox (Nasdaq: DBX) recently announced its fourth quarter results that surpassed market expectations.
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