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ICYMI - .@GitLab swings to a profit as it beats expectations, but guidance comes up light https://t.co/sdUNZGM7NE @SiliconANGLE @Mike_Wheatley “GitLab’s customers like the direction it is going in, and its growth of just below 30% is a sure sign of that,” #Earnings https://t.co/FMkqeuV1fC
ICYMI -.@Box’s stock falls as executives warn of foreign exchange hit on profits https://t.co/aMqpVagZYZ @SiliconANGLE @Mike_Wheatley “Box’s costs are mostly spent on cloud infrastructure, so whoever is responsible for that must have done some...” - #Earnings https://t.co/XHaQrZJ2Al
.@Box’s stock falls as executives warn of foreign exchange hit on profits https://t.co/aMqpVagZYZ @SiliconANGLE @Mike_Wheatley “Box’s costs are mostly spent on cloud infrastructure, so whoever is responsible for that must have done some...” - #Earnings https://t.co/jG5SEZhfpV
Box Inc.'s stock has declined by 5.0% in pre-market trading following the company's fourth-quarter results and weak guidance for the first quarter. Executives have warned of a potential foreign exchange impact on future profits, primarily due to rising costs associated with cloud infrastructure. Analysts have noted that these costs are a significant factor affecting the company's financial outlook. The warning comes amidst a broader market context where tech companies are navigating challenges related to currency fluctuations and operational expenses.
