Move to Telework as Significant as Shift to Mobile or Cloud: Dropbox CEO

Q2 trial subscriptions at Dropbox were 20% higher than before COVID-19, said CEO Drew Houston on a quarterly call Thursday. Conversion rates stayed "consistent" with trends, he said. He thinks the shift to “distributed work will ultimately be as significant as the shift to mobile or the shift to cloud." Dropbox's recent deployment with the University of Michigan was “one of our largest educational deals to date, as institutions around the world look to accelerate their digital transformation efforts and shift to a remote-learning environment,” said Houston. “Companies are also increasing their reliance on Dropbox as they make the transition to distributed work.”