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%.

Box inc. Q4 2022 earnings infographic

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

  • Dropbox Q2 2022 earnings infographic
  • Box, Inc. Q3 2022 earnings infographic
  • Box, Inc. Q2 2023 earnings infographic
  • Box Q1 2023 earnings infographic
  • Box Q4 2021 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

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

Comments

  1. 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

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top