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Dropbox reaches key profit milestone on path to IPO

Fri, Apr 28, 2017 - 5:50 AM

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Mr Houston says Dropbox is now generating a profit excluding interest, taxes and depreciation.

Seattle

DROPBOX Inc's chief executive officer said that the company is now generating a profit excluding interest, taxes, depreciation and amortisation, a key metric that investors are watching as the file-sharing software maker moves closer to becoming a public company.

"It's rare...

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