Dropbox beats by $0.03, beats on revs;
- Reports Q1 (Mar) earnings of $0.08 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.05; revenues rose 27.6% year/year to $316.3 mln vs the $309.23 mln Capital IQ Consensus.
- Paying users totaled 11.5 million, as compared to 9.3 million for the same period last year. Average revenue per paying user was $114.30, as compared to $110.79 for the same period last year.
- GAAP gross margin was 61.9%, as compared to 62.3% in the same period last year. Non-GAAP gross margin was 74.2%, as compared to 63.5% in the same period last year.
- Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on their conference call, webcast, and investor relations website.