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The silhouette of Drew Houston, chief government officer and co-founder of Dropbox Inc., is seen strolling on stage throughout an occasion in San Francisco.
The cloud providers firm reported robust second-quarter earnings after the bell on Thursday, beating Wall Street expectations on income and earnings per share. But traders appear to be reacting to the lack of a high-profile Silicon Valley government. Woodside beforehand served as an government at Google and Motorola.
its IPO earlier this 12 months.
“We’re grateful for everything Dennis has done for us,” CEO Drew Houston stated in a statement. “He’s helped transform Dropbox into a publicly-traded company with over $1 billion in annual revenue and 12 offices around the world.”
Prior to the announcement, Dropbox’s share worth had gained almost 21 percent since going public in March.