AWS departure: Dropbox saves $ 75 million in two years



With the departure of Amazon's cloud service AWS, Dropbox has saved nearly $ 75 million in about two years. That should give further impetus to the upcoming IPO.
                                                                                    

In 2015, cloud storage provider Dropbox turned its back on Amazon Web Services – with tremendous financial success. In the years 2016 and 2017, Dropbox was able to save a total of 74.6 million dollars by building its own infrastructure and corresponding software, as Geekwire reports.

Dropbox: AWS's departure was worth it

In the first year after the launch of the project The departure of AWS saved Dropbox $ 92.5 million, but it cost $ 53 million to run its own data centers. According to the company, the completion of the so-called infrastructure optimization was preceded by a process of many years. Even today, less than 10 percent of Dropbox storage activity is through AWS – especially in Europe, where Dropbox itself does not run its own data center.

Dropbox pulls out of AWS – saving $ 75 million. (Photo: dennizn / Shutterstock)

The information about the AWS savings is taken from a notice to the Securities and Exchange Commission. In the so-called S1 letter Dropbox filed for listing. The IPO, which has been speculated on for a long time, is likely to be over in the coming months. Dropbox will succeed the plan with the ticker symbol "DBX" on the technology exchange Nasdaq. The Filehoster expects revenues of up to 500 million dollars.

The money should Dropbox come just right, because the company is struggling with high losses. After $ 345 million in 2015, around $ 210 million was lost in 2016 and $ 111 million last year. In contrast, sales increased by 31 percent to $ 1.1 billion in 2017. Dropbox has more than 500 million users worldwide, including 11 million paying customers.

More about:


Source link

Check Also

Ryanair drops 600 flights | TIME ONLINE

The low cost Irish airline Ryanair has been due to the strike threats from cabin …

Leave a Reply

Your email address will not be published.