Box IncBOX
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Box reported Q1 earnings and revenue beat, raised full-year guidance, and shares rose.
Impact on stocks 1
Cloud & Digital Infrastructure
Box IncBox Q1 Earnings Beat Estimates, Revenue Up 10.7%
Earnings
Box reported first-quarter fiscal 2027 non-GAAP earnings of 37 cents per share, up 23.3% year over year and surpassing the Zacks Consensus Estimate by 2.78%. Revenues reached $305.9 million, a 10.7% increase from the prior year and slightly above consensus. Billings grew 5% to $255.4 million, driven by strong bookings and a shift toward Suites, which accounted for 67% of revenues. The company raised its full-year revenue guidance to approximately $1.28 billion and expects non-GAAP earnings of about $1.56 per share. Shares have gained 3.2% since the report, outperforming the S&P 500.
Box IncBox reported Q1 earnings and revenue beat, raised full-year guidance, and shares rose.