earnings
confidence high
sentiment positive
materiality 0.65
Box Q3 FY2024 revenue $261.5M (+5% YoY); non-GAAP EPS $0.36, cash flow up
BOX INC
2024-Q3 EPS reported
$0.10
revenue$774,863,000
- Revenue $261.5M, up 5% YoY (7% constant currency); GAAP EPS $0.04 vs $0.03; non-GAAP EPS $0.36 vs $0.31.
- RPO $1.131B (+7% YoY); billings $253.7M (-2% YoY) due to equipment proceeds headwind.
- Operating cash flow $71.8M (+3% YoY); free cash flow $58.3M (+6% YoY).
- GAAP operating margin 4.4%; non-GAAP 24.7%; $3.3M equipment headwind impacted margins and EPS by ~$0.02.
- Company highlights AI product leadership with Box AI and Box Hubs; maintains cost discipline.