Box delivered revenue and earnings above expectations. While revenue growth wasn't impressive, underlying metrics appear to show an acceleration ahead.
BOX's second-quarter fiscal 2025 results benefit from solid momentum in Content Cloud and Box AI.
Box shares jumped after posting strong Q2 results, with billings growth accelerating to 10% growth after slightly declining in the previous quarter. The company raised its FY25 guidance, now expecting 8% higher EPS on a 27.5% operating margin (50bps higher than its prior outlook). Box's revenue growth rates are nearly doubling that of its largest rival, Dropbox.
Box, Inc. (NYSE:BOX ) Q2 2025 Earnings Conference Call August 27, 2024 5:00 PM ET Company Participants Cynthia Hiponia - VP, IR Aaron Levie - Co-Founder and CEO Dylan Smith - Co-Founder and CFO Conference Call Participants Steve Enders - Citi Pinjalim Bora - JP Morgan Securities Brian Peterson - Raymond James & Associates Jason Ader - William Blair Taylor McGinnis - UBS Rishi Jaluria - RBC Capital Markets Operator Ladies and gentlemen, good afternoon, and thank you for standing by. My name is Abby, and I will be your conference operator today.
Box (BOX) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.36 per share a year ago.
Box stock jumped late Tuesday, after the cloud content and file-sharing company reported Q2 earnings that beat views.
Box's Q2 performance will likely reflect strength across the Content Cloud platform and Box AI.
Without blowing the doors off the market, we're nicely above August 8th lows currently.
The retail sector is in focus with the earnings releases of big retailers as well as store channels coming up.
The shares of Walt Disney Co (NYSE:DIS) was last seen up 1.3% to trade at $91.07, after "Deadpool & Wolverine” made a record debut as an R-rated film and brought in over $200 million for its opening weekend.
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The animated film blew past a billion dollars in tickets this past weekend, and doing so in only 19 days. But its racking up numbers in a year that theatrical box office is down 19%.