secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0000950123-21-010413
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Box Q2 FY2022 preliminary rev $214M (+11% YoY), beats guidance; raises FY outlook
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- Revenue $214M vs guidance $211-212M, up 11% YoY; GAAP op margin -3% vs guided -5% to -4.5%.
- Non-GAAP op margin 20% vs guided 18-18.5%; billings $213M up 13% YoY vs mid-single digit growth guidance.
- Net Retention Rate 106%, up 300 bps from Q1 (103%); Suites attach rate in >$100K deals over 70%, up from 49% in Q1.
- Raised full-year FY2022 revenue and operating margin guidance; Q3 guidance also provided.
- Repurchased $59M of stock at $23.68/share after Dutch auction; also completed $297M total repurchase including tender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000095012321010413/0000950123-21-010413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000095012321010413/Final-box-8k_20210812.htm
  HTML page:      https://secwatch.observer/filing/0000950123-21-010413

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer