Categories AlphaGraphs, Earnings, Technology
Box reports strong fourth-quarter results with 10% revenue growth
Box, Inc. (NYSE: BOX), a leading content cloud platform, achieved fourth-quarter revenue growth of 10% year-over-year (15% growth on a constant currency basis), with a marginal rise in operating expenses by 4%.
Unadjusted net profit was $143.37 million, vs. an $8.65 million loss in Q4 2022. Unadjusted EPS was $0.10, compared to a loss of $0.06 last year. Adjusted earnings increased to $0.37 per share from $0.24 per share last year.
“As expected, our Q4 net retention rate was down year-over-year, impacted by pressure from customers’ lower headcount growth and greater budget scrutiny on internal transformation initiatives,” said Box’s CEO Aaron Levie at the post-earnings conference call.
Check this space to read management/analysts’ comments on quarterly reports
Cash flow from operations of $92.2 million was higher than the $49.2 million reported in the prior-year period. Capital lease payment came in at $11 million, down from $12 million in the fourth quarter of last year. During the quarter, around 300,000 shares were repurchased for approximately $9 million. As a consequence, there is a fall in total diluted share outstanding by more than 3% since the last Q4.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key takeaways from Cintas’ (CTAS) third-quarter 2023 report
Cintas Corporation (NASDAQ: CTAS) has been growing its market share by diversifying into new areas and through acquisitions. The prudent business model, with a focus on recurring revenues, has helped
Here are a few points to keep in mind if you are considering Starbucks Corporation (SBUX)
Shares of Starbucks Corporation (NASDAQ: SBUX) stayed in green on Thursday. The stock has gained 10% over the past 12 months. The company delivered healthy results for its most recent
ANGO Earnings: AngioDynamics reports loss for Q3; revenue up 9%
AngioDynamics Inc. (NASDAQ: ANGO) on Thursday reported a wider loss for the third quarter when the medical device maker's revenues increased by 9%. The company also provided guidance for fiscal
Outstanding post! I’m so glad to have come across this web site and read this post. It’s been a genuine help to me and I’m sure it will be for numerous others, too. Many thanks for putting in the effort.
Box reported fourth-quarter revenue growth of 15% year-over-year on a constant currency basis, with a marginal rise in operating expenses by 4%.
Wayne