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your_photo Summary Following my coverage of Box, Inc. (NYSE:BOX) in October 2023, for which I recommended a hold rating as the upside potential was not attractive, this post is to provide an update on my thoughts on the business and stock. Performance wise, the stock was pretty much flattish since my update, but has surged since the 4Q24 results. Post the 4Q24 performance, I have turned bullish on the stock as leading growth operating metrics point to a turn around in growth pace, and two key developmen ...

Box (BOX) is benefiting from solid customer momentum on the back of its portfolio strength, which has been the key growth driver for the company. BOX shares have gained 13.7% on a year-to-date basis.The latest selection of Box by the Administrative Office of the U.S. Courts (“AOUSC”) to power secure cloud content management and collaboration for the Defender Services Office (“DSO”) testifies to the aforesaid fact.DSO, which supports Federal Public Defender Organizations and Criminal Justice Act panel attorn ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced that the Administrative Office of the U.S. Courts (AOUSC) has selected Box to power secure cloud content management and collaboration for the Defender Services Office (DSO). With Box, DSO is able to securely share content internally as well as externally with investigators, Federal Public Defenders, and U.S. District Courts. DSO supports Federal Public Defender Organizations and Criminal Justice Act p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36805 Box, Inc. (Exact name of registrant as specified in its Charter) Delaware 20-2714444 (State or other jurisdiction of (I.R.S. Emp ...

Core Insights - Box, Inc. reported fourth-quarter fiscal 2024 non-GAAP earnings per share of 42 cents, exceeding the Zacks Consensus Estimate by 10.5% and reflecting a year-over-year increase of 13.5% [1] - Total revenues reached $262.88 million, slightly below the consensus mark of $262.92 million, but showed a 2% year-over-year growth (4% growth on a constant currency basis) [1] - The company's go-to-market strategy and the adoption of multi-product offerings contributed positively to revenue growth, alongside strong performance in the Content Cloud platform and Enterprise Plus Suites [1] Quarter in Detail - Billings for the quarter were $379.3 million, marking a 6% year-over-year increase (10% growth on a constant currency basis) [2] - Deferred revenues stood at $586.9 million, up 4% from the prior fiscal year (7% growth on a constant currency basis) [2] - Box achieved an 81% attach rate for its Suites, an increase of 900 basis points year-over-year [2] - The net retention rate was 101%, down 700 basis points year-over-year due to macroeconomic challenges [2] - Remaining performance obligations as of January 31, 2024, were $1.305 billion, reflecting a 5% year-over-year increase (9% growth on a constant currency basis) [2] Operating Results - Non-GAAP gross margin was 78.4%, a contraction of 10 basis points from the same quarter last year [3] - Operating expenses totaled $178.99 million, up 1.8% year-over-year, with a contraction of 40 basis points in relation to revenues, bringing the percentage to 68.1% [3] - The non-GAAP operating margin was 26.7%, expanding 70 basis points from the prior-year quarter [3] Balance Sheet & Cash Flow - As of January 31, 2024, cash and cash equivalents were $383.7 million, an increase from $377.9 million as of October 31, 2023 [4] - Short-term investments rose to $96.9 million from $61.8 million in the previous fiscal quarter [4] - Accounts receivables increased to $281.5 million from $166.9 million at the end of the prior fiscal quarter [4] - Non-current debt was $370.8 million, slightly up from $370.3 million in the previous quarter [4] - Cash generated from operations was $89.3 million, up from $71.8 million in the previous fiscal quarter [4] - Free cash flow for the quarter was $81.3 million [5] Guidance - For the first quarter of fiscal 2025, Box expects revenues between $261 million and $263 million, indicating a potential 4% rise at the high end from the prior fiscal year's figure [5] - Non-GAAP earnings per share guidance is set between 35-36 cents, accounting for an expected foreign exchange headwind of 4 cents [5] - The non-GAAP operating margin for the first quarter is projected to be 25% [5] - For fiscal 2025, revenue is expected to be in the range of $1.08-$1.085 billion, suggesting a 5% increase from the last fiscal year's high end [6] - Non-GAAP earnings per share for the full fiscal year is anticipated to be between $1.53-$1.57, including a foreign exchange headwind of 10 cents [6] - The non-GAAP operating margin for the full fiscal year is expected to be 27% [6]

Box, Inc. (NYSE:BOX) Q4 2024 Earnings Conference Call March 5, 2024 5:00 PM ET Company Participants Cynthia Hiponia - Vice President, Investor Relations Aaron Levie - Co-Founder and Chief Executive Officer Dylan Smith - Co-Founder and Chief Financial Officer Conference Call Participants Joshua Baer - Morgan Stanley Pinjalim Bora - JPMorgan Steven Enders - Citi John Messina - Raymond James Richard Hilliker - UBS Sebastien Naji - William Blair George Iwanyc - Oppenheimer Rishi Jaluria - RBC Capital Markets Op ...

Box Inc.’s stock rose about 2% after hours Tuesday after the software company reported its first $1 billion fiscal year and announced a $100 million share-buyback program. “Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said in an interview, referring to a new suite of capabilities that will integrate advanced AI models into the Box Content Cloud. The company also announced integration with Microsoft Corp.’s MSFT, -2.96% Azure OpenAI on Box AI. “AI and data and ...

Core Insights - Box reported revenue of $262.88 million for the quarter ended January 2024, reflecting a year-over-year increase of 2.5% [1] - Earnings per share (EPS) for the quarter was $0.42, up from $0.37 in the same quarter last year [1] - The revenue slightly missed the Zacks Consensus Estimate of $262.92 million by 0.02%, while the EPS exceeded the consensus estimate of $0.38 by 10.53% [1] Financial Metrics - Billings for the quarter were $379.28 million, surpassing the average estimate of $371.54 million from six analysts [2] - The billings growth rate was 6%, exceeding the five-analyst average estimate of 4.2% [2] - Remaining performance obligations (RPO) at period end were $1.31 billion, matching the two-analyst average estimate [2] Stock Performance - Box shares have returned +6.5% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]

Box (BOX) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this online storage provider would post earnings of $0.38 per share when it actually produced earnings of $0.36, delivering a surprise of -5.26%.Over the last four quarters, the compa ...