Canaccord Genuity Cuts Price Target on Box (BOX) to $16 Following Mixed 1Q Report
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Box Announces First Quarter Fiscal 2017 Results
June 1, 2016 4:07 PM EDTRecord Revenue of $90 Million, Up 37% Year-Over-Year GAAP EPS of ($0.31), Non-GAAP EPS of ($0.18) Added More Than 5,000 New Customers
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Box, Inc. (NYSE: BOX), a leading enterprise content management platform, today announced financial results for the first quarter of fiscal 2017, which ended April 30, 2016.
First quarter revenue was strong at $90 million, representing 37% growth year-over-year. We also continued to drive operational efficiency, with GAAP and non-GAAP EPS improving by 9 and 10 cents, respectively, year-over-year, said Aaron Levie,... More
