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Enterprise Cloud

Dropbox Says Push to Court Businesses Is Paying Off

Dropbox finished its inaugural fiscal year by highlighting progress in its efforts to sell to large companies, while also touting growth in the amount of revenue it is generating per user. 

On Dropbox’s fiscal fourth-quarter earnings call, CEO Drew Houston said the company’s recent $230 million acquisition of electronic signature startup HelloSign shows how it is moving “up the stack” from its core file-sharing service into offerings that could attract more high-value business customers. 

Dropbox added 400,000 new paying customers during the quarter and now has a total of 12.7 million, up from 11 million a year ago. Dropbox’s average revenue per user was $119.61, up from $113.39 a year ago.

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