“Our customers are turning to Dropbox for help with this transition to remote work,” CEO Drew Houston said in an interview with Bloomberg. “We’ve certainly seen record trial volumes, we’ve seen increases in direct purchases, we’ve seen increases in engagement.”

While companies like Airbnb, Lyft and Uber are laying off thousands, Dropbox has slowed its rate of hiring but is still filling certain roles.

“We are mindful of the macroeconomic environment and the unpredictability that the second half of the year may bring,” Houston said.

When Dropbox filed to go public in 2018, it was valued at $10 billion, but it reported a $1 billion deficit. According to Bloomberg, Dropbox has exceeded analysts’ estimates for sales and profit every quarter since going public. So even without the drastic shift to remote work driven by the pandemic, Dropbox was headed in the right direction.

The company now has 14.6 million paying users. That’s up from 13.2 million at this time last year and 11 million in March 2018.