Dropbox, Inc. (NASDAQ:DBX) Q3 2019 Earnings Conference Call Transcript

Nov 07, 2019 • 05:00 pm ET

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Dropbox, Inc. (NASDAQ:DBX) Q3 2019 Earnings Conference Call Transcript

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Presentation
Executive
Drew Houston

connecting to their tools and bring everyone together wherever they are. This included in all-new desktop app that offers our users a foreground experience they've never had with Dropbox before and at our user conference in September we took things a step further with the introduction of our new product category, the smart workspace and the launch of Dropbox spaces. Dropbox spaces transforms the traditional shared folder experience into connected workspace for all of your cloud content. It also uses machine intelligence to surface the work that's important to you when you need it, because we believe technology should be helping you focus not distracting you.

With Dropbox Spaces, users have new ways to access everything they need and stay organized in one place. Users can have all their cloud content including files in one place. So you're Google Docs, Paper Docs can live next to your PowerPoints and Photoshop files. With our smarter image search, users can save time finding the images they need by searching what they see in the image, rather than just a file name and users can see high fidelity previews of files natively from within the new Dropbox, even if they don't have the application like Office or AutoCAD installed.

In addition, users can also bring priority projects and the focus without distractions. Team highlights give users visibility into the most relevant activity from their colleagues and machine intelligence helps you to stay a step ahead by suggesting the content they're most likely in the need. In our calendar integration helps users prepare for meetings more effectively by suggesting related content for upcoming meetings and providing quick access to suggested files and meeting those templates.

Finally Dropbox Spaces helps seeing the big picture and stay in sync, using the tools they prefer. With spaces folders are no longer just places to store users work. They are the homebase for collaborative projects. Users can add context to content by writing overview descriptions, to dos and key milestones right on the folder. You just can close the loop on the progress of shared work by getting notified updates are made and they can create, view and resolve comments right alongside their files on the desktop, making it easier to get feedback.

In addition to introducing spaces, we've also continued to add new products and features to deliver even more value to the new Dropbox. Over the past few months, we made additional updates to Paper and added to our extensions partner ecosystem. Starting with paper, we've built paper support natively into the new Dropbox, making it easier for users to create, search and organize their paper docs and making it easier for new teams to discover paper. With respect to partnerships, Dropbox has always had the goal of supporting all applications, platforms and operating systems and we're constantly building new integrations as users tool kits expand. We introduced extensions late last year to cut down an app switching by letting users take actions on files stored