Dropbox co-founder and CEO Drew Houston Dropbox

File storage and collaboration software company Dropbox has just outed its second quarter results with revenues up 27% year-on-year to $339.2 million beating Wall Street analysts estimates while also adding 2 million users from last year as the company’s COO Dennis Woodside is also announced to be departing the company after a 4 year stay at the company.

Although a successor to Woodside’s position has not been named, The SF headquartered company has added 2 new key roles in its ranks with Vice Presidents Yamini Rangan and Lin-Hua Wu taking on new positions in the company reporting to CEO Drew Houston as they become responsible for customer-focused business functions and oversee external and internal communications and analyst relations for the $13 Billion (as of current trading) 11 year old company.

“We delivered another solid quarter of revenue growth in Q2, reflecting the strength of our unique business model,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “We added over a dozen new product features to our user and admin experiences, and strengthened our infrastructure, all while driving a 30% free cash flow margin. With our massive scale and continued product innovation, we’re well on our way to advancing our mission of designing a more enlightened way of working.”

Before heading to Dropbox, Yangan previously held positions at Workday, Appirio and SAP bringing 20 years of experience across sales, marketing, and operations to Dropbox while Lin whose new role would ensure the company gains the right market ambience informing its decisions notably previously led Corporate Communications at Square before heading to the company.

“Dennis has had an enormous impact on both our business and our culture. He’s helped transform a scrappy startup into a global business and publicly traded company with over $1 billion in revenue and more than 1,800 employees in 12 global offices.” Houston stated making note of the former Google executive who is the company’s third highest paid executive now leaving after helping “transform a scrappy startup into a global business and publicly traded company with over $1 billion in revenue and more than 1,800 employees in 12 global offices” as stated by the Dropbox CEO.

Dropbox currently trades at about $34 a share (as of writing) valuing the company which debuted on the public market with an $8.2 Billion at around $13.2 Billion.

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