(Reuters) – Online file storage firm Dropbox Inc (DBX.O) signed up more paying subscribers in its second quarter as a public company than Wall Street was expecting.
FILE PHOTO The DropBox logo is seen in this illustration photo July 28, 2017. REUTERS/Thomas White/Illustration/File Photo
Dropbox had 11.9 million subscribers at the end of June, about 20 percent higher than a year earlier. The result exceeded analysts’ average estimate of 11.73 million, according to FactSet. Average revenue per user was $116.66, comfortably above expectations of $113.95.
Dropbox also said Chief Operating…