Dropbox S Virtual First Strategy Pays Off Reports Revenue Of 565 Million In Q4
For the final quarter, Dropbox took in total revenues of $565.5 million, up from the $504.1 million posted for the same quarter in 2020. Net income here was $124.6 million, or $0.33 per share, up massively from the $398.2 million, or $0.84 per share, lost in the year-ago quarter. That loss was the result of an impairment charge during Q4 2020 relating to “the company’s decision to shift to a Virtual First work model, as well as an income tax benefit....