secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0000950170-23-045064
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Box Q2 FY2024 revenue $261M (+6% YoY); GAAP EPS $0.04, non-GAAP $0.36; buyback expanded by $100M
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- Revenue $261.4M (+6% YoY, +9% CC); RPO $1.138B (+8%).
- GAAP operating margin 3.8% (beat guidance); non-GAAP operating margin 24.8% (beat guidance).
- GAAP EPS $0.04 (fourth consecutive GAAP profit); non-GAAP EPS $0.36 vs $0.28 a year ago.
- Operating cash flow $32.7M (+15% YoY); free cash flow $20.6M (+15%).
- Board expanded buyback by $100M; management notes IT budget headwinds pressuring FY2024 growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000095017023045064/0000950170-23-045064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000095017023045064/box-20230829.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045064

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