IDC: Dropbox is the fastest SaaS company to reach $1 billion in revenue run rate
Published on February 02, 2017
Dropbox is proud to announce that our business has surpassed $1 billion in revenue run rate. We're also "the fastest software-as-a-service (SaaS) company to reach this milestone to date," according to IDC analyst Robert Mahowald, Group Vice President, Applications and Cloud. "No SaaS company to date has been able to cross that threshold faster than Dropbox," he added.
"We've reached $1 billion in revenue run rate faster than any other SaaS company in history."—Drew Houston, co-founder and CEO of Dropbox
We're among only five SaaS companies in history to cross this threshold. We've also recently launched a series of new products and business solutions to help our customers. These include Dropbox Paper, a flexible workspace for teams, and Smart Sync, a tool that makes all of the content in a user's Dropbox account seamlessly accessible from their desktop file system.
You can learn more about our announcements on our blog.