REUTERS-File sharing and
storage company Dropbox is on track to make more than $1 billion in annual
revenue, company chief executive Drew Houston said at an event
on Monday.
The San
Francisco-based company has worked to build up its enterprise software
offerings to improve its revenue, and on Monday unveiled new file synch and
workplace collaboration tools to sell to businesses.
The revenue
milestone may help the company better justify its $10 billion valuation as it
approaches an initial public offering as early as this year.
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