Exceeding Sales Goals for Dash
Dropbox launched Dash for business, exceeded Q4 sales goals, and is building a strong pipeline. Universal search and security tools are key features driving customer interest.
Free Cash Flow Growth
The company achieved a 23% year-over-year growth in free cash flow per share for both the quarter and the full-year.
Strong Operating Margin
Dropbox reported an operating margin of 36.9% for Q4, exceeding guidance and reflecting a 470 basis points increase from the previous year.
Successful Share Repurchase Program
Dropbox reduced its diluted share count by 12.5 million shares, contributing to a 24% year-over-year increase in free cash flow per share.
Strategic Investments in Dash
Dropbox is aggressively investing in Dash, with plans for a 2025 product roadmap featuring pioneering improvements and new security features.