Box (BOX) Tops Q1 EPS by 5c; Issue Solid Outlook

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Go back to Box (BOX) Tops Q1 EPS by 5c; Issue Solid Outlook

Box Reports Strong Fiscal First Quarter 2024 Financial Results

May 30, 2023 4:05 PM EDT

Revenue of $252 Million Exceeds Guidance

GAAP Operating Margin of 3%, Non-GAAP Operating Margin of 23%

Cash From Operations of $125 Million, up 16% Year-Over-Year

Free Cash Flow of $108 Million, up 19% Year-Over-Year

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced preliminary financial results for the first quarter of fiscal year 2024, which ended April 30, 2023.

In Q1 we delivered revenue, operating margin and EPS above our guidance... More