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Dropsuite ( (AU:DSE) ) has shared an update.
Dropsuite Limited reported a record quarter for Q4 2024, with an Annual Recurring Revenue (ARR) of $49.8 million, marking a 37% increase from the previous corresponding period. The company added a record 165,000 paid users, increasing the total user base to 1.65 million, a 42% increase year-over-year. The growth was driven by active partner onboarding and the introduction of new services like the Bring Your Own Storage product. Dropsuite’s focus on product development and market expansion has reinforced its strategic growth, while maintaining strong partner relationships and robust customer support.
More about Dropsuite
Dropsuite is a global cloud backup and archiving software provider. The company focuses on delivering innovative data protection solutions, primarily targeting the Managed Service Provider (MSP) channel. Dropsuite aims to enhance its market position by expanding its product offerings and maintaining high customer support standards.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $194.3M
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