Dropbox, Inc. (NASDAQ:DBX) Q2 2019 Earnings Conference Call Transcript

Aug 08, 2019 • 05:00 pm ET

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Dropbox, Inc. (NASDAQ:DBX) Q2 2019 Earnings Conference Call Transcript

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Executive
Drew Houston

together, the reality is that they're creating new problems, too. Having all these new tools means our content is now scattered in all these different places. We have to keep toggling back and forth between the different apps and teams have a hard time staying coordinated, and it's hard to figure out who should be doing what.

And while we have a bunch of new tools, a bunch of the old ones we're using haven't really changed. The way we interact with files on our computers today hasn't really changed in 30 years. The file browser on your desktop is still the static view of files and folders, and there are no people, no teams, and no activity. And that's where the new Dropbox comes in. For over a decade, Dropbox has been a magic folder that lets you have all your stuff in one place, and the new Dropbox evolves the magic folder into a magic workspace where you can have all your work in one place. The new Dropbox is a unified workspace to organize users' content, connecting them to their tools, and bring everyone together wherever they are. This includes an all-new desktop app that offers our users a foreground experience they've never had with Dropbox before.

First, this new workspace brings users' content together. The new Dropbox builds on our history of keeping people organized by bringing both cloud content and traditional files together, so everything is in one place. And now users can create, access, and share cloud content like Google Docs, Sheets and Slides, as well as traditional Office, PDF, and image files within Dropbox. In addition, they can create and store shortcuts to web assets, news articles, wiki pages, and online project management and productivity tools, together with the rest of their work in Dropbox. And with everything in one place, it's a lot easier to navigate. Users will have one search box, not 10, to search across all their stuff.

Second, the new Dropbox brings its users' tools together. We're making sure the apps people use throughout the day are an integral part of the new Dropbox experience. Building on our existing integrations with tools from companies like Salesforce, Adobe, and Autodesk, we're introducing several new ones. They'll work seamlessly with Dropbox to help bring users' content into context.

Starting with our new strategic partnership with Slack. The new Dropbox and Slack integration helps bridge the gap between content and communication, letting users collaborate seamlessly on shared items. Users will be able to start Slack conversations and send files to Slack channels directly from Dropbox, and easily share Dropbox files within Slack conversations. We also plan to facilitate cross-customer discovery of one another's products, similar to our go-to-market relationship with Zoom.

And speaking of our Zoom partnership, we went live with our integration in June, enabling users to bring their work into video conferences. From Dropbox, they'll be able to add and join Zoom meetings, and during Zoom meetings, users will be