Box Inc. reported fiscal second-quarter revenue of $294 million, a 9% year-on-year increase that topped analysts’ expectations, while adjusted earnings rose to 33 cents a share, two cents above consensus. The cloud-content company cited strong uptake of its AI-driven Enterprise Advanced offering for the beat. The company raised its full-year outlook, projecting revenue of $1.17 billion to $1.18 billion—about 8% growth at the midpoint—and adjusted earnings of $1.26 to $1.28 a share, up from a prior range of $1.22 to $1.26. Remaining performance obligations climbed 16% to $1.5 billion, with short-term commitments up 12% to $812 million, underscoring a growing backlog of work. Chief Executive Officer Aaron Levie said AI agents that automate metadata extraction and workflow are driving larger, earlier commitments from enterprises; additional product announcements are planned for the BoxWorks conference. The stock gained more than 4% in post-market trading, though it remains down about 1% for the year.
Box bumps up its full-year guidance after posting solid earnings and revenue https://t.co/umHHKSJhOu
Wall Street saw 9% revenue growth. We saw metadata extraction driving enterprise-wide replacements of legacy vendors. Drill Down Earnings unpacks it. https://t.co/GQYw9YmI0E $BOX 🎙️ @DrillDownPod #DrillDownEarnings #Box
Today we announced Box's Q2 results, with revenue and EPS above our guidance, and we raised our full year revenue guidance to $1.170 to $1.175 billion. I'd like to thank all of our customers, partners, and Boxers for a great quarter. One of the biggest drivers of the momentum