Dropbox is probably the cheapest software firm out there with over $1bn revenues and > 20% recurring software sales. Overall revenues were upo 27% last Q.
Trading at ~5.6x EV/2019 sales. Paying user adds came in below last Q, but in a story somewhat familiar to those of this board, they beat in every other category but the market sold them off anyway.
They have over 500 million registered accounts with over 400Bn pieces of content. Their capabilities are only matched by firms like Google and Facebook.
They are the first exabyte-scale firm to roll out SMR Drive techonology:
Dropbox is one of Gartner’s Magic Quadrant leaders:
Stock is down 24% in 6 months. Worth a look.