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Dropbox reported positive year-over-year revenue growth, added 96,000 paying users for a third consecutive quarter and posted a 39.7% non-GAAP operating margin. The company authorized a new $900 million share repurchase program and forecast fiscal 2026 revenue in a stated range.
Dropbox co-founder Houston steps down as CEO after 19 years, a significant change in leadership for the company. This move may impact the company's future direction.
Dropbox CEO Andrew Houston is stepping down, replaced by Ashraf Alkarmi. The move may impact the company's strategic direction.