Moreover, worldwide, business enterprises are adopting hybrid work policies, and this is likely to further drive demand for digital collaboration tools. The work from home wave is unlikely to dissipate soon as the global vaccine rollout is expected to be a long-drawn affair.
Increasing Demand for Digital Tools Bodes WellĬoronavirus-triggered work from wave has fueled the demand for digital tools to facilitate effective collaboration and document management.
In the past year, Dropbox’s shares have returned 53.1% compared with industry’s rally of 64.6%. The buyout will not be accretive to Dropbox’s operating results in 2021.
The DocSend acquisition, subject to regulatory and customary conditions, is expected to be concluded by first-quarter 2021.
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