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[ Wed, Dec 04th 2024 ]: Bill Williamson
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Box Reports Fiscal Third Quarter 2025 Financial Results

Box, Inc. reported its fiscal third quarter results for 2023, showcasing a revenue increase to $261.5 million, up 10% year-over-year, surpassing the expected $261.09 million. The company's non-GAAP earnings per share were $0.36, beating the consensus estimate of $0.34. Despite economic challenges, Box highlighted growth in its enterprise customer base, with a 17% increase in customers spending over $100,000 annually. The company also noted a 10% rise in billings to $249.9 million. Box's CEO, Aaron Levie, emphasized the company's focus on AI and automation to enhance its platform, aiming to drive future growth. However, the company faced a GAAP net loss of $2.7 million, or $0.02 per share, compared to a net income in the previous year. Box also provided guidance for the next quarter, expecting revenue between $261 million and $263 million, with non-GAAP EPS projected at $0.35 to $0.36.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/box-reports-fiscal-third-quarter-210500658.html ]


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[ Fri, Nov 29th 2024 ]: Bill Williamson