Dropsuite ( (AU:DSE) ) just unveiled an update.
Dropsuite Limited reported a record Annual Recurring Revenue (ARR) of $53.6 million for the quarter ending March 31, 2025, marking a 37% increase from the previous year. The company achieved a 45% growth in its paid user base, reaching 1.79 million users, driven by strategic product development and channel expansion. Dropsuite’s efforts in new product development and expanding its global sales footprint contributed to maintaining a product gross margin of 69% and a churn rate below 3%. The company also launched new services like BYOS and Entra ID Backup, enhancing its market positioning and partner ecosystem.
More about Dropsuite
Dropsuite Limited is a global provider of cloud backup and archiving software. The company focuses on delivering innovative data protection solutions and maintaining high customer support standards. Dropsuite operates within the IT channel, addressing rising global cyber threats and tighter data regulations.
Technical Sentiment Signal: Sell
Current Market Cap: $265M
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