Today at an event in San Francisco in which it announced updates to its Paper app and its Smart Sync feature , Dropbox CEO Drew Houston talked up the company’s revenue growth and self-serve business model.
Houston claimed that Dropbox was on pace for a $1 billion revenue run rate and that the company was free-cash flow positive, which could bolster the company’s plans for a rumored late-2017 IPO .
To put things into perspective: 18 months ago, Dropbox said it had more than 400 million registered users and that users synced 1.2 billion files a day. Last summer, when it released its AdminX console , the company claimed more than 500 million registered users and more than 200,000 business signed up for Dropbox Business.
Dropbox has made plenty of incremental additions to its enterprise toolkit in order to woo larger companies like News Corp, Spotify, and Expedia. The sum of all these products is, in the end, an aspirational enterprise product that can transform its business into the one that investors thought it could be years ago.
