![]() Today millions of users are active in our desktop experience, and with rollout to just a portion of our user base we’ve seen early adoption in over 450,000 business teams. Our primary focus this year will be on driving adoption of the new Dropbox. There was meagre evidence however that the new app is gaining ground, with the emphasis on "early traction." CEO Drew Houston said that driving up adoption will be a key goal in 2020: But the company came out fighting yesterday, citing new management hires and a plan to reduce spend on R&D and sales and marketing through better efficiency, at the same time as maintaining double-digit revenue growth. ![]() Back then, investor nerves about growth prospects triggered a 32% fall in the stock price, and the vendor's Q2 results failed to impress. But while investors were pleased, the implications for customers were less clear.ĭropbox is in a transition at the moment, having launched a new app in the summer which it believes will help grow its sales to the business and enterprise sector. ![]() The catalyst was a $600 million share buyback plan and a commitment to improve operating margins by up to 3% a year between now and 2024. Dropbox's share price took a new turn today on its rollercoaster ride since last summer, spiking 20% in response to its Q4 earnings report, released after market close last night.
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