(3)Ĭash, cash equivalents and short-term investments were $1.118 billion at the end of the second quarter of 2020. Non-GAAP diluted net income per share was $0.22, as compared to $0.10 in the same period last year. GAAP basic and diluted net income (loss) per share was $0.04, as compared to ($0.05) in the same period last year. Free cash flow was $119.8 million, as compared to $95.1 million in the same period last year. Net cash provided by operating activities was $145.9 million, as compared to $128.8 million in the same period last year. Non-GAAP net income was $93.2 million, as compared to $42.0 million in the same period last year. GAAP net income (loss) was $17.5 million, as compared to ($21.4) million in the same period last year. Non-GAAP operating margin was 20.6%, as compared to 10.1% in the same period last year. GAAP operating margin was 2.7%, as compared to (8.5)% in the same period last year. Non-GAAP gross margin was 79.2%, as compared to 75.8% in the same period last year. GAAP gross margin was 78.1%, as compared to 74.4% in the same period last year. Average revenue per paying user was $126.88, as compared to $120.48 for the same period last year. Paying users ended at 15.0 million, as compared to 13.6 million for the same period last year. On a constant currency basis, year-over-year growth would have been 18%. Total ARR ended at $1.931 billion, an increase of $67.3 million quarter-over-quarter and an increase of 17% year-over-year. Total revenue was $467.4 million, an increase of 16% from the same period last year. With solid revenue growth, robust margin expansion, and continued GAAP profitability, we remain confident in the resiliency of our business." “Over the past quarter, we introduced a number of products to help facilitate distributed work, addressing both team and personal use cases. "Our Q2 results are a testament to our teams’ hard work supporting our customers in this new environment,” said Dropbox Co-founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), today announced financial results for its second fiscal quarter ended June 30, 2020.
SAN FRANCISCO-( BUSINESS WIRE)-Dropbox, Inc.
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