Dropbox Revenue Increases as It Lands More Paying Users

Dropbox Inc. added about half a million paying customers in the first quarter, helping the data-storage provider increase revenue by 28% in its first financial report as a publicly traded company.

While anyone can use Dropbox free, the company’s growth is contingent on getting people to sign up for premium tools. At the end of the quarter, Dropbox had 11.5 million paying users, up about 24% from a year ago.

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