Dropbox reported a solid first quarter with total revenue reaching $631.3 million, marking a 3.3% increase from the previous year. The company's GAAP net income significantly rose to $132.3 million, up from $69.0 million a year earlier. Adjusted earnings per share were $0.58, surpassing the estimated $0.50, while sales exceeded expectations by approximately $2.63 million. Following the earnings release, Dropbox's stock price increased by 4.5% in after-hours trading. The company has set its revenue guidance for the next quarter between $628 million and $631 million, expecting a slight positive impact from foreign exchange and projecting a non-GAAP operating margin of around 33%.