Categories AlphaGraphs, Earnings, Technology
Infographic: A snapshot of Box’s Q1 2023 earnings report
Content management platform Box Inc. (NYSE: BOX) has reported higher adjusted earnings and revenues for the first quarter of 2023. Both the top line and profit exceeded analysts’ expectations.
First-quarter net income, on an adjusted basis, was $0.23 per share, compared to $0.18 per share in the same period of 2022. On an unadjusted basis, it was a net loss of $4.7 million or $0.06 per share, compared to a loss of $14.6 million or $0.09 per share in the prior-year period.
At $238.4 million, revenues were up 18%, while billings increased 8% annually to $172.2 million. At the end of the quarter, the company had total deferred revenues of $468.4 million, up 11%.
Read management/analysts’ comments on quarterly reports
This week, shares of Box traded broadly at the levels seen at the beginning of the year. The stock closed the last session lower and extended the weakness early Wednesday.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased