Core Insights - Box, Inc. has announced a new integration with Microsoft Azure OpenAI Service to enhance its Box AI capabilities, providing advanced large language models to its customers [1][3] - Box AI is now generally available for customers on Enterprise Plus plans, allowing over 115,000 enterprises to leverage generative AI for improved content management and workflow efficiency [5][8] Integration and Collaboration - The collaboration with Microsoft, which spans over a decade, aims to bring AI to enterprises while ensuring data security, privacy, compliance, and governance [2][4] - Box AI is built on a platform-neutral framework, allowing it to connect with powerful AI models and meet strict compliance requirements across various industries [3] Use Cases and Applications - Financial services can utilize Box AI to extract insights from reports, aiding in market trend analysis and risk assessment [3] - Life Sciences organizations can expedite analysis of clinical trial data, enhancing understanding of trial outcomes [3] - Public sector agencies can derive insights from constituent feedback and policy research to inform decision-making [3] - Insurance companies can improve efficiency in claims processing through key information extraction [3] - Legal firms can streamline legal research by quickly identifying relevant information in complex texts [3] Customer Adoption and Feedback - Thousands of enterprises have adopted Box AI since its beta launch, using it to extract information, generate content, and derive insights [5] - Customers, such as nonprofit organizations, have highlighted the value of Box AI in enhancing their technology stack and maintaining business continuity during challenges like the pandemic [6] Microsoft 365 Integrations - Box has developed multiple integrations with Microsoft 365 and Teams to enhance productivity, including real-time collaboration on documents and streamlined sharing of Box content [7] Pricing and Availability - Box AI is included in all Enterprise Plus plans, offering individual users 20 queries per month, with an option for 2,000 additional queries at the company level [8]

Box, Inc. (BOX) is scheduled to report fourth-quarter fiscal 2024 results on Mar 5.For fourth-quarter fiscal 2024, Box expects revenues between $262 million and $264 million, suggesting a 3% rise at the high end of the range from the prior fiscal year’s reported figure. The constant currency growth rate is pegged at 5%. The Zacks Consensus Estimate for the same is pegged at $262.9 million, indicating 2.5% growth from the last fiscal year quarter’s reported value.Box anticipates non-GAAP earnings per share i ...

Exhibit 99.1 Box Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results Fourth Quarter Revenue of $263 Million and Fiscal 2024 Revenue of $1.04 Billion, In Line with Guidance Fourth Quarter GAAP Operating Margin of 8% and Non-GAAP Operating Margin of 26.7%, Exceeds Guidance Fiscal 2024 GAAP Operating Margin of 5% and Non-GAAP Operating Margin of 24.7%, Exceeds Guidance Fourth Quarter GAAP Net Income Per Share of $0.57 and Non-GAAP Net Income Per Share of $0.42, Exceeds Guidance Fiscal 2024 GAA ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced that it will host its FY25 Financial Analyst Day on Tuesday, March 19, 2024. Members of Box’s executive management team will host a presentation followed by Q&A beginning at 11:00 a.m. PT. Registration for this virtual event is available here. A live video webcast of the event will be accessible at www.box.com/investors. An archive of the webcast will be available for replay beginning approximately one ...

Core Insights - Box (BOX) is expected to report quarterly earnings of $0.38 per share, a 2.7% increase year-over-year, with revenues projected at $262.92 million, reflecting a 2.5% year-over-year growth [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] - Analysts emphasize the importance of earnings projections revisions in predicting investor reactions and stock price movements [1] Financial Metrics - Analysts forecast 'Billings' to reach $371.54 million, up from $357.10 million a year ago [2] - The consensus estimate for 'Billings growth rate' is 4.2%, down from 6% in the previous year [2] - 'Remaining performance obligations (RPO)' are expected to reach $1.31 billion, compared to $1.25 billion a year ago [2] Stock Performance - Over the past month, Box shares have declined by 2.5%, while the Zacks S&P 500 composite has increased by 3.9% [3] - Box holds a Zacks Rank of 3 (Hold), suggesting its performance will likely align with the overall market in the near term [3]

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX) today announced that members of its management team will present at the following conference: Morgan Stanley Technology, Media, & Telecom Conference Date and Time: March 6, 2024 at 1:20pm PT Location: The Palace Hotel, San Francisco This event will be webcast live at boxinvestorrelations.com, and the replay will be available approximately one hour after the live event. The Morgan Stanley conference replay will be available for a period of ninety ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX) today announced that it will report financial results for its fourth quarter and full fiscal year, which ended January 31, 2024, following the close of the market on Tuesday, March 5, 2024. On that day, Box’s management will hold a conference call and webcast at 2:00 p.m. PT to discuss Box’s financial results and business developments. The conference call can be accessed by registering online at https://events.q4inc.com/attendee/453103508, at whic ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced the launch of the new Box app for Apple Vision Pro. Designed to take advantage of spatial computing, Box for Apple Vision Pro revolutionizes how people experience and collaborate on content in the enterprise. The uniquely immersive experiences and infinite desktop powered by the visionOS platform transforms how people work with content, while relying on the security and compliance of the Box Content Cloud ...

Box (BOX) is making concerted efforts to expand its presence in the booming enterprise content management (ECM) market, which, per a Mordor Intelligence report, is expected to hit $77.20 billion in 2024 and reach $149.80 billion by 2029, indicating a CAGR of 14.2% between 2024 and 2029.In a bid to expand its ECM solutions portfolio, Box acquired Crooze, a provider of no-code enterprise content management applications, to integrate Crooze’s advanced ECM capabilities into its robust set of content services.Wi ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced that it has acquired Crooze, a leading provider of no-code enterprise content management applications built on the Box Platform. Box will leverage Crooze’s team and technology -- including the company’s no-code app builder and metadata capabilities -- to help organizations address business-critical processes like contract lifecycle management, digital asset management, controlled document management, ente ...