Dropbox Inc.'s chief executive officer said the company is now generating a profit excluding interest, taxes, depreciation and amortization, a key metric that investors are watching as the file-sharing software maker moves closer to becoming a public company. "It's rare for software companies to be operating at our scale with our level of profitability and to be growing at the rate that we are," Dropbox CEO and co-founder Drew Houston said in an interview with Bloomberg Television.
(Bloomberg) -- Big Blue is pushing to build up its cloud business in China by striking partnerships with local companies, starting with billionaire Wang Jianlin's Wanda Internet Technology Group, IBM Chief Executive Officer Ginni Rometty said. In China, "you see two models," Rometty said. There are very large state-owned enterprises, and a budding entrepreneurial segment.