Thursday, December 03, 2015

Box Slightly Beats Street in Q3, Raises Full-Year Guidance | Re/code

Also see Crazy Like a Box: Going Public Can Give Start-Ups Outsize Power (NYT)

"Shares of Box, the cloud storage and collaboration company, fell slightly after the company reported third-quarter sales that were better than forecast and a loss that was in line with expectations.

Box boosted its sales guidance for the fiscal year saying it expects to post revenue of as much as $300 million for the year, up from a previous estimate of as much $297 million.

Revenue was $78.7 million, up 38 percent from the year-ago quarter. Analysts had expected $77 million. Billings rose 37 percent to $89.4 million. Box recorded a per-share loss of 31 cents on a non-GAAP basis, an improvement from the loss of $2.32 it reported a year ago. Shares fell by less than 1 percent in after-hours trading."
Box Slightly Beats Street in Q3, Raises Full-Year Guidance | Re/code
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