![]() The key numbers released this week include: We once again increased profitability and free cash flow, and repurchased nearly $800 million of our stock. We ended the year with over $2.5 billion in ARR. While 2022 saw a more challenging macroeconomic backdrop, and we saw some elevated headwinds in Q4, I'm pleased with how our business performed for the year. However, the overall performance was still positive. The company’s analyst call this week felt like a lesson in managing expectations, as Co-Founder and CEO Drew Houston highlighted a number of challenges that will persist across the buyer environment in 2023. Whilst on the other, Dropbox is also seeing hesitation amongst its customer base and it had to suffer a significant real estate loss, as it too moves away from office-based work. ![]() ![]() On the one hand the company delivered consistent growth, as buyers continue to shift to distributed cloud-based work. Dropbox has this week released its Q4 and full year earnings report, which highlights the mixed environment within which enterprise technology vendors are operating at the moment. ![]()
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