Categories AlphaGraphs, Earnings, Technology

Earnings: Highlights of Box’s Q2 2023 financial report

Content management platform Box Inc. (NYSE: BOX) has reported an increase in revenues and adjusted earnings for the second quarter of 2023. The top line also exceeded analysts’ expectations.

Box, Inc. Q2 2023 earnings infographic

Second-quarter net income, on an adjusted basis, was $0.28 per share, compared to $0.21 per share in the same period of 2022. On a reported basis, it was a net loss of $3.26 million or $0.02 per share, compared to a loss of $12.49 million or $0.08 per share in the prior-year period.

At $246.02 million, revenues were up 15%, while billings increased 10% annually to $234.98 million. At the end of the quarter, the company had total deferred revenues of $458.25 million, up 9%.

Check this space to read management/analysts’ comments on Box’s Q2 2023 report

“As the value of our platform continues to resonate with customers and we continue to drive strong adoption of our multi-product offerings, we delivered a Net Retention Rate of 112%, up 600 basis points from the prior year. Our business momentum remains strong as we execute on our Content Cloud platform strategy to ensure that we will continue to drive further annual revenue acceleration and operating margin expansion in FY23,” said Box’s CFO Dylan Smith.

Prior Performance

  • Box Q1 2023 earnings infographic
  • Box Q4 2021 earnings infographic
  • Box reports Q3 2022 Earnings Results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Viewing Highlight