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Numerous companies are struggling with the impact of Corona 19. However, Dropbox reportedly recorded operating profit for the first time since its listing in 2018, as both web and mobile use increased significantly as telecommuting and remote classes increased.
In the first quarter of 2020, sales increased 18% year-on-year to $455 million, and business plans increased 40% after the first two weeks of March. The number of trial applications for the personal Dropbox Plus plan also increased by 25%. Regions with high growth were Europe, where Corona 19 was raging, such as Italy, France, Germany and Spain, and in these countries, the use of zoom is also rapidly growing.
Drew Houston, CEO of Dropbox, said that its customers are using Dropbox to switch to RemoteWork.
Since March, the number of paid Dropbox users has reached 14.6 million, which is a significant increase from 13.2 million a year ago. Companies with customer-facing business models such as Uber, Lyft and Airbnb faced the need to suspend their jobs and are forced to fire thousands of employees. Not only Dropbox, but also hiring is suppressed, but it is clear that the demand for cloud services is adding importance to the numerous companies and individuals who are restrained from going out. Related information can be found here .
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