Box(BOX)2024-08-27 20:05Revenue and Growth - Revenue for Q2 FY25 was 274 million and 1.086 billion to 270,039,000, an increase of 3% compared to 270,039,000, compared to 76.7 million, or 28.4% of revenue, up from 24.8% in Q2 FY24[3]. - Non-GAAP diluted net income per share for Q2 FY25 was 0.36 in Q2 FY24[3]. - GAAP net income attributable to common stockholders for the three months ended July 31, 2024, was 5,744,000 in the same period last year, marking a significant increase of 149.5%[36]. - Non-GAAP net income per share attributable to common stockholders for the three months ended July 31, 2024, was 0.36 in the prior year, indicating a growth of 22.2%[42]. Cash Flow and Financial Position - Box's cash and cash equivalents increased from 406,620,000, an increase of approximately 5.4%[29]. - Cash provided by operating activities for the six months ended July 2024 was 157,606,000 for the same period in 2023, indicating a growth of 6%[34]. - GAAP net cash provided by operating activities for the three months ended July 31, 2024, was 32,676,000 in the prior year, indicating an increase of 20.2%[37]. - The company reported a net cash used in financing activities of 99,136,000 in the same period in 2023[34]. - The cash, cash equivalents, and restricted cash at the end of the period were 396,694,000 at the end of the previous year[34]. Performance Obligations and Billings - Remaining performance obligations (RPO) as of July 31, 2024, were 1.138 billion a year ago[3]. - Billings for Q2 FY25 were 232.5 million in Q2 FY24[3]. - Billings for the three months ended July 31, 2024, were 232,501,000 in the same period last year, representing a growth of 10.3%[39]. - Remaining performance obligations (RPO) represent contracted revenue not yet recognized, indicating future revenue potential[26]. - Deferred revenue at the end of the period was 479,293,000 at the end of the same period last year, reflecting a growth of 4.8%[39]. Expenses and Liabilities - Operating expenses for the three months ended July 2024 totaled 184,540,000 in the same period last year[31]. - Research and development expenses for the three months ended July 2024 were 63,316,000 in the same period last year[31]. - The company's deferred revenue decreased from 483,987,000, a reduction of about 14.0%[29]. - Box's total liabilities decreased from 1,066,992,000, reflecting a decrease of approximately 9.6%[29]. - Total stock-based compensation for the three months ended July 2024 was 53,346,000 in the same period last year[32]. Strategic Initiatives - The company announced a new $100 million expansion of its stock repurchase program[1]. - The acquisition of Alphamoon enhances Box's Intelligent Content Management platform capabilities[6].