Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION (MSFT)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Dropbox results top estimates on higher subscriber additions

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/10/2018 | 12:44am CET
FILE PHOTO Illustration photo of the DropBox logo

(Reuters) - Dropbox Inc forecast for the current-quarter and results for the second quarter beat Wall Street estimates on Thursday, with the online storage firm earning more from a higher number of paying subscribers.

Shares of Dropbox, however, came under pressure and slipped nearly 10 percent in extended trading after the company decided to advance its lock-up expiration date by several trading days.

The lock-up period, which is now set to expire on August 23, will unlock an additional 356.4 million shares for trading.

The company, which competes with Alphabet Inc Google, Microsoft Corp and Amazon.com Inc as well as Box Inc, said it expects third-quarter revenue to be in the range of $350 million and $353 million. Analysts were expecting revenue of $345.9 million.

Chief Executive Drew Houston said more individual and corporate clients signed up for its recently introduced plans that offered bigger storage at higher prices, leading to a higher average revenue per user (ARPU).

The company, which started as a free service to share and store photos, music and other large files, has worked to build up its enterprise software offering.

The company's ARPU rose to $116.66 in the quarter and beat expectations of $113.95. Dropbox's paying subscribers rose 20 percent to 11.9 million at the end of June and outpaced the average analyst estimate of 11.73 million, according to FactSet.

Shares of the company were also weighed by the departure of its Chief Operating Officer Dennis Woodside, who played a vital role in its initial public offering in March.

The company said Woodside will step down in early September after four years with the San Francisco-based company. He will remain an advisor until the end of the year.

Dropbox had a blockbuster debut on March 23 as investors bought into the biggest technology initial public offering in more than a year, with shares closing up more than 35 percent in their first day of trading.

The company, which is yet to turn profitable, reported a smaller loss of $4.1 million in the second quarter of 2018 compared with $26.8 million a year earlier.

Excluding one-time items, Dropbox earned 11 cents per share, beating estimates of 6 cents.

Revenue jumped 27 percent to $339.2 million, above Wall Street expectations of $330.9 million.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar and Arun Koyyur)

By Munsif Vengattil

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -2.03% 1051.71 Delayed Quote.-0.16%
AMAZON.COM -4.01% 1591.91 Delayed Quote.36.12%
BOX INC -1.89% 18.18 Delayed Quote.-13.92%
DROPBOX INC -2.54% 22.6 Delayed Quote.0.00%
MICROSOFT CORPORATION -3.12% 106.03 Delayed Quote.27.95%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICROSOFT CORPORATION
12/14MICROSOFT : How going digital can help governments hone their focus on serving c..
PU
12/14MICROSOFT : New research highlights massive opportunity to empower Firstline Wor..
PU
12/14Germany's Altmaier sees no disorderly Brexit, hopeful on U.S. trade ties
RE
12/13MICROSOFT : How Microsoft Threat Protection took down recent ‘Tropic Troop..
PU
12/13MICROSOFT : First expansion of ‘Forza Horizon 4' launches
PU
12/13MICROSOFT : Highlights from Microsoft Computer Science Education Week 2018
PU
12/12MICROSOFT : Tackling the conservation crisis with the right data
PU
12/12PODCAST : Soundscaping the world with Amos Miller
PU
12/12MICROSOFT : Arccos Golf's virtual caddie uses AI to improve your game
PU
12/12MICROSOFT : Introducing Clarity, an analytics product for webmasters
PU
More news
Financials ($)
Sales 2019 124 B
EBIT 2019 40 893 M
Net income 2019 34 349 M
Finance 2019 67 223 M
Yield 2019 1,71%
P/E ratio 2019 23,87
P/E ratio 2020 21,09
EV / Sales 2019 6,00x
EV / Sales 2020 5,34x
Capitalization 814 B
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 125 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MICROSOFT CORPORATION27.95%813 909
RED HAT47.23%31 059
ATLASSIAN CORPORATION PLC82.75%19 774
SPLUNK INC27.06%15 556
CITRIX SYSTEMS24.02%14 708
SYNOPSYS4.75%13 024