Dropbox signs up more paying users than expected

(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…

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