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DigitalOcean cruises to another easy earnings beat https://t.co/nebM4DSPBb @SiliconANGLE @Mike_Wheatley “Paddy Srinivasan and his team have transformed the company’s bottom line, resulting in a swing from a net loss of almost $70 million...” - @holgermu @constellationr
Shares of @Dropbox inch up as Q2 financial results top expectations https://t.co/AHQsivygtA @SiliconANGLE @Mike_Wheatley “That was done through a reduction in expenses that saw it take out around $45 million in costs over the quarter. But investors...” - @holgermu @constellationr
.@Rackspace demonstrates impressive efficiency gains, sending its stock higher https://t.co/AINAZBMHyF @SiliconANGLE @Mike_Wheatley “Through cost cutting across the board of more than $30 million, the company almost became...” - @holgermu @constellationr
Dropbox reported its second-quarter earnings with a total revenue of $634.5 million, marking a 1.9% increase from the same period last year. The company's earnings per share exceeded expectations by $0.08, achieving a GAAP diluted net income per share of $0.34, against a whisper expectation of $0.58. The revenue was in line with expectations, and the company noted a reduction in expenses, cutting approximately $45 million over the quarter. This financial performance led to a 4.1% increase in Dropbox's stock price in pre-market trading. Dropbox has a 64% beat rate.
