Ups dropbox11/1/2023 Non-GAAP operating margin was 34.2%, as compared to 31.9% for the same period last year. GAAP operating margin was 9.1%, as compared to 14.5% for the same period last year, with such change partially due to $37.5 million in expenses related to the Company's reduction in workforce, such as severance, benefits and other related items, which were incurred in the second quarter of 2023. Non-GAAP gross margin was 82.7%, as compared to 83.0% for the same period last year. GAAP gross margin was 80.7%, as compared to 81.5% for the same period last year. Average revenue per paying user was $138.94, as compared to $133.34 for the same period last year. Paying users ended at 18.04 million, as compared to 17.37 million for the same period last year. On a constant currency basis, Total ARR grew $32.6 million quarter-over-quarter, and year-over-year growth would have been 10.9%. Total ARR ended at $2.500 billion, an increase of 7.2% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.2%. Total revenue was $622.5 million, an increase of 8.7% from the same period last year. "As we navigate this period of economic uncertainty, we remain focused on improving the product experience within core Dropbox and creating more value across workflows and AI driven capabilities." "In Q2, we delivered a solid quarter beating our guidance across all metrics, and introduced exciting AI-powered product experiences to our customers, including Dropbox Dash and Dropbox AI," said Co-Founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), today announced financial results for its second quarter ended June 30, 2023. SAN FRANCISCO, August 03, 2023-( BUSINESS WIRE)-Dropbox, Inc. Net Cash Provided by Operating Activities of $187.6 Million and Free Cash Flow of $184.6 Million When you can’t take time off work or keep an eye out for a delivery truck throughout the day, UPS Access Point Lockers help to make life easier for customers who can’t have their packages left at the door.Second Quarter Revenue of $622.5 Million, up 8.7% year-over-year on a constant currency basis, up 11.2% year-over-year UPS Access Point® lockers in NEW YORK, NY are great for customers that need flexible weekend and evening hours. Customers can pick up shipments that have been redirected or rerouted. Drop off pre-packaged, pre-labeled shipments, including return packages. UPS Access Point® locations in NEW YORK, NY are convenient for customers looking for a quick and simple stop in any neighborhood. Staffed personnel is also available to provide shipping advice and to assist with picking out the proper packaging and shipping supplies, which are available for purchase. Customers are able to create a new shipment, pick up and drop off pre-packaged pre-labeled shipments. UPS Alliance Shipping Partners in NEW YORK, NY offer full-service shipping services. These locations bring flexibility and convenience for our customers. UPS Authorized Service Providers in NEW YORK, NY are available for customers to create a new shipment, purchase packaging and shipping supplies, and drop off pre-packaged pre-labeled shipments. UPS Authorized Service Outlets in NEW YORK, NY are available for customers to create a new shipment, purchase packaging and shipping supplies, and drop off pre-packaged pre-labeled shipments. Customers in a time crunch can also print mobile shipping labels. Limited packaging supplies are also available to finish preparing a shipment. Customers can also drop off pre-packaged pre-labeled shipments. UPS Customer Centers in NEW YORK, NY are ideal to easily create new shipments with the use of our self-service kiosks. Quickly find one of the following UPS shipping locations with service right for you: Our UPS locations will help make our customers’ visit simple and convenient for their shipping needs. With multiple shipping locations throughout NEW YORK, NY, it’s easy to find reliable shipping services no matter where you are.
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