Dropbox CEO Drew HoustonDrew Angerer / Getty

Dropbox shot up 3% Thursday following a beat on Q2 2018 earnings. The company also announced that Chief Operating Officer Dennis Woodside is stepping down from his role.

Revenue for Q2 (GAAP): Dropbox reported $339.2 billion, up 27% from the year before. Analysts expected $330.9 million.

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