Welcome to our dedicated page for Box news (Ticker: BOX), a resource for investors and traders seeking the latest updates and insights on Box stock.
Box, Inc. provides an Intelligent Content Management platform for enterprise content, collaboration, lifecycle management, security and workflow automation. News about BOX commonly centers on AI-enabled product releases such as Box AI, Box Agent, Box Automate, Box Extract and related content workflow tools, as well as customer deployments in public sector, financial services, life sciences, legal and other regulated environments.
Company updates also cover fiscal results, remaining performance obligations, platform packaging such as Enterprise Advanced, integrations with enterprise applications, analyst-recognition announcements, and capital-allocation actions including Class A common stock repurchase authorizations.
Box, Inc. reported financial results for Q3 FY21, ending October 31, 2020. Revenue reached $196 million, an increase of 11% year-over-year. Remaining performance obligations were $755.9 million, up 19%. Box improved its operating margins, expecting a non-GAAP operating margin of at least 14% for the full year, a significant uptick from 1% last year. Non-GAAP net income per share was $0.20, a turnaround from a $0.01 loss in Q3 FY20. Outlook for Q4 projects revenue between $196 million and $197 million.
Box (NYSE:BOX) has been recognized as a Leader in the 2020 Gartner Magic Quadrant for Content Services Platforms, marking a significant achievement in a competitive market. The assessment evaluated 18 vendors based on their vision and execution capabilities. Box's success is attributed to its focus on simplicity, ease of adoption, and cloud readiness, which aligns with current market trends accelerated by the COVID-19 pandemic. This recognition follows earlier accolades, including the Gartner Customers' Choice for Content Services Platforms and Content Collaboration Tools.
Box, Inc. (NYSE:BOX), a leader in cloud content management, announced that its management team will present at the Wells Fargo TMT Summit on December 2, 2020, at 4:00 PM ET. Speakers include co-founder and CEO Aaron Levie and co-founder and CFO Dylan Smith. The event will be webcast live and available for replay for 90 days afterward. Box simplifies work for organizations globally and has notable clients including AstraZeneca and Morgan Stanley. Visit Box's website for more details.
Box, Inc. (NYSE:BOX) will report its third quarter financial results for the fiscal year ending October 31, 2020, on December 1, 2020, after market close. A conference call is scheduled for 2:00 p.m. PT to discuss results and business updates. Investors can register online to access the call. Box, a leader in cloud content management, serves numerous global organizations including AstraZeneca and General Electric. For further information, visit the Box investor relations website.