Box Inc. expects to top $1 billion in annual revenue next year for the first time.
On Wednesday, Box’s BOX fiscal fourth-quarter revenue jumped 10% to $256.5 million, from $233.4 million a year ago. Earnings were $20.5 million, or 10 cents a share, vs. a net loss of $8.7 million, or 6 cents a share, in the year-ago quarter. Adjusted earnings were 37 cents a share.On Wednesday, Box’s BOX fiscal fourth-quarter revenue jumped 10% to $256.5 million, from $233.4 million a year ago. Earnings were $20.5 million, or 10 cents a share, vs. a net loss of $8.
Analysts surveyed by FactSet had expected adjusted earnings of 34 cents a share on revenue of $256.3 million. Box offered first-quarter revenue guidance of between $248 million and $250 million. Analysts polled by FactSet are projecting $260.7 million. For fiscal 2024, it expects to top $1 billion in revenue for the first time.
Indeed, the promise of artificial intelligence has Box Chief Executive Aaron Levie “very excited” about its “immense potential” impact on future revenue growth. “We have tens of billions of files that are unstructured and hard to query. With AI, we can unlock the value and summarize them instantly,” Levie told MarketWatch. Box already is testing such functions internally, and could eventually pass that on to customers, he added.The company’s quarterly results were roughly in line with estimates but the light quarterly guidance nudged shares of Box down 4.6% in extended trading Wednesday. The stock inched up 0.5% at $33.53 during the regular session.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kawasho Foods USA Inc. recalls canned shrimp product for leakingThe canned product was sold by major retailers including Walmart, Albertsons in California, Colorado and Utah and Safeway.
Weiterlesen »
‘Parade’ At Standing Room Only During First Week Of Previews – Broadway Box OfficeSome recent Broadway arrivals added both star power and box office receipts to the weekly grosses reports, with both Sweeney Todd: The Demon Barber of Fleet Street and Parade selling out (the latte…
Weiterlesen »
Olympic gold medalist Bob Richards dies; was first athlete featured on a Wheaties boxThe pole vaulting champion known as the “Vaulting Vicar.” He also ran for president on the far-right Populist Party ticket in 1984.
Weiterlesen »
Music Box Unveils Trailer for ‘Revoir Paris’ Boasting Cesar-Winning Performance by Virginie Efira (EXCLUSIVE)Music Box is unveiling the trailer for “Revoir Paris,” a French drama boasting a Cesar-winning performance by Virginie Efira. The movie, which bowed at Cannes’ Directors Fortnight…
Weiterlesen »
'Ant-Man and the Wasp: Quantumania' box office suffered steep decline in second week'Ant-Man and the Wasp: Quantumania' saw the sharpest decline in ticket sales from opening weekend to second weekend in Marvel Cinematic Universe history.
Weiterlesen »