DBX - Dropbox shares dip despite Q4 beats with new revenue ARR records
Dropbox (DBX) is down 1.7% after hours despite reporting Q4 beats with revenue up 13% on the year to $504.1M, topping $500M for the first time. EPS of $0.28 coming in four cents ahead of estimates. DBX shares headed into earnings up over 26% in the past quarter.Total ARR surpassed $2B for the first time, up 11% on the year.Paying users ended at 15.48M compared to 14.31M at this time last year.Non-GAAP gross margin was 80.1% vs. the 79.3% consensus. Operating margin was 25.3% vs. 22%.Cash from operating activities totaled $170.7M with FCF of $158.4M.On February 12, the board had approved adding $1B to the company's share repurchase program.“We ended the year with strong margin expansion, free cash flow, and more than $2B in ARR as we continued to make progress toward our long-term financial targets. Going into 2021, we’re focused on executing against our strategy and building essential products for the new era
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Dropbox shares dip despite Q4 beats with new revenue, ARR records