Zayo’s Sandi Mays Honored as CIO of the Year in 2019 CTA APEX Awards

UPDATE 1-Dropbox tops revenue, profit estimates on higher subscriber additions

Dropbox Inc beat analysts' estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform. Dropbox, which competes with Alphabet Inc's Google, Microsoft Corp as well as Box Inc, has relied on its "freemium" model to attract more customers. It acquired e-signature company HelloSign earlier this year and has partnered with rivals Microsoft and Google's file storage platforms, aiming to expand its reach and convert free users to paid customers....

Zillow Shares Surge as Home-Flipping Drives Quarterly Sales Beat

(Bloomberg) -- Zillow Group Inc. reported third-quarter revenue that beat estimates, sending shares higher in late trading. Zillow posted revenue of $745 million, exceeding the average analyst estimate of $718 million. It got a boost from its algorithm-driven spin on home-flipping.The shares jumped as much as 13%, despite the company posting a net loss of $65 million.Key InsightsZillow is juggling big changes to its business model, including the push into buying and selling homes. The company bought 2,291 homes in the third quarter and sold 1,211, generating $385 million in its Homes segment. In the same period last year, the company reported just $11 million in Homes revenue.The rapid growth has come with mounting losses. Zillow reported an adjusted loss for the segment of $68 million before interest, tax, depreciation and amortization. Still, investors appeared willing to focus on the growth the company is generating.Zillow has also tweaked the way it...