Categories AlphaGraphs, Earnings, Technology

Box Inc Q2 2021 earnings: Infographic

Box Inc (NYSE: BOX) reported second-quarter financial results after the closing bell on Wednesday. The internet company reported an 11% increase in Q2 revenues to $192 million, beating Wall Street consensus. Net earnings of $0.18 per share also handsomely surpassed what analysts had anticipated.

BOX shares rose 7.6% immediately following the announcement. The stock has increased 12% so far this year.

Box inc earnings Q2 2021.

Looking forward to listening to management/ analyst comments on Q2 results? Stay tuned here for Box Inc Q2 2021 earnings call transcript

CFO Dylan Smith said, “Our heightened focus on driving expansion and renewals in our existing customer base drove strong top line results, while our focus on overall cost discipline allowed us to significantly improve operating margins and cash flow. For FY21, we now expect our non-GAAP operating margin to be 12 to 13 percent of revenue, a significant improvement from 1 percent a year ago.”

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