earnings
confidence high
sentiment positive
materiality 0.80
Box beats Q2 estimates; raises EPS guidance; revenue +15% YoY to $246M
BOX INC
2023-Q2 EPS reported
-$0.08
revenue$484,447,000
- Revenue $246M (+15% YoY); non-GAAP EPS $0.28 vs $0.21 prior year, at high-end of guidance.
- GAAP operating income $3.1M (1.3% margin) vs loss of $6.1M; non-GAAP op. margin 21.7%.
- Billings $235M (+10%); RPO $1.05B (+14%); Net Retention Rate 112%, up 600 bps YoY.
- Raised GAAP and non-GAAP EPS guidance for FY23; maintained revenue guidance despite FX headwinds.
- Free cash flow $18M in Q2, $108.8M YTD; operating cash flow $28.3M in Q2.