![]() Prior to the issuance of the company's convertible notes, Dropbox's board of directors approved an additional $1 billion share repurchase program on top of the approximately $202 million that it had previously allotted. A 27.5% to 28.0% non-GAAP operating margin, up from 20.6% a year ago.Īside from management's guidance, there are a few other numbers investors should be watching.Revenue in the range of $522 million to $525 million - up 12% year over year at the midpoint.What to expect for the second quarterĭuring the previous quarterly earnings call, CFO Tim Regan provided the following financial projections for the second quarter ![]() These avenues will likely include a combination of acquisitions, share repurchases, and investments in organic initiatives. Though it's difficult to know what exactly this new cash will be used for, management has cited several new avenues it's planning to pursue in order to fuel earnings growth. The lenders in this case will have the ability to convert the debt to common stock in 20 at conversion prices above $35. In February, the company announced that it issued more than $1.3 billion in zero-interest convertible senior notes. ![]() Now that Dropbox is generating steady cash flow, management also saw the first quarter as an opportunity to add some debt at a fairly low cost. ![]()
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