BOX Q4 Earnings Surpass Estimates, Revenues Increase Y/Y

Box, Inc. (BOX) reported fourth-quarter fiscal 2024 non-GAAP earnings per share of 42 cents, which beat the Zacks Consensus Estimate by 10.5%. The figure jumped 13.5% year over year.Total revenues of $262.88 million lagged the consensus mark of $262.92 million. The top line increased 2% year over year (4% growth on a constant currency basis).Strength in its go-to-market strategy and growing adoption of multi-product offerings contributed well.Solid momentum in the Content Cloud platform and the growing adop ...