At the same time, we also reorganized and streamlined our teams against some new strategies. While many companies are still adjusting to this shift in grappling with decisions about hybrid flexible or remote work, one thing is clear, the traditional way of working has changed forever.Īs I shared previously, we reoriented our entire product roadmap to address the challenges that our customers face in this new environment. It was certainly a challenging time and I'm proud of the way our team showed up and supported our customers. Average revenue per paying user was $132.55, as compared to $126.30 for the same period last year.Ĭommenting on the results, CEO Drew Houston said:Īround this time, last year, we along with many of our customers were managing through an unprecedented global pandemic and the sudden shift to distributed work. Paying users ended at 15.83 million, as compared to 14.59 million for the same period last year. Total ARR ended at $2.112 billion, an increase of 13% from the same period last year. Total revenue was $511.6 million, an increase of 12% from the same period last year. That's not to say that Dropbox doesn't have large enterprise buyers, but it's pretty clear that it's not it's number one selling priority for the business.īut first, let's take a look at the numbers for Q1. What's becoming evident, which was partially outlined by Dropbox CEO Drew Houston during an analyst call this week, is that the company is largely going to continue to focus on the SMB and mid-market, rather than pursue large enterprise customers. However, despite a solid set of numbers in Q1, Dropbox announced earlier this year that it would be laying off 315 employees and that its COO would be stepping down, citing the need to streamline its team structure and focus on top priorities. The COVID-19 pandemic has seen the collaboration sector thrive as users have had to adapt to new ways of working, forcing years worth of change in just a short few months.

It has been another strong quarter for SaaS collaboration vendor, Dropbox, as the world continues to embrace distributed and hybrid work environments.

Dropbox number of employees 2019