Box Inc Stock Price, News & Analysis

Box, Inc. has announced that the Box Sign e-signature capability is now available for all users at no additional cost. This update includes new features designed to enhance user experience and streamline digital transactions. Key features include a ready-sign link for easy document sharing, revise signature request functionality, enhanced integration with Sign-Relay, signature framing, and improved signer navigation. These updates aim to reduce costs and improve efficiency for businesses, enabling them to transition more transactions to the cloud.

Box, Inc. (NYSE:BOX) announced its participation in Citi's 2022 Global Technology Conference on September 8, 2022, at 1:45 PM ET in New York. The conference aims to showcase innovations in technology, and Box's management team will present insights on the company's strategic direction. The event will be webcast live, with a replay available for 90 days. Box, known for its content management solutions, serves top global organizations like AstraZeneca and Morgan Stanley. For more details, visit www.box.com/investors.

Box, Inc. reported preliminary Q2 FY23 results with revenue of $246 million, reflecting a 15% year-over-year growth. Despite foreign exchange headwinds impacting growth by 3 percentage points, the company maintained FY23 revenue guidance. Non-GAAP EPS increased to $0.28, up from $0.21 YOY, while GAAP EPS showed improvement with a loss of $0.02 per share compared to a loss of $0.08 last year. The Net Retention Rate rose to 112%. For Q3 FY23, revenue is projected between $250-$252 million, with GAAP EPS guidance of $0.01 to $0.02, including FX impacts.

Box, Inc. (NYSE:BOX) announced the appointment of Amit Walia to its Board of Directors, effective immediately. Walia brings over 25 years of experience in technology leadership, including roles as CEO of Informatica and positions at Symantec and Intuit. Box's Chair, Bethany Mayer, highlighted Walia's expertise in cloud data management and cybersecurity as key to the company's growth strategy. CEO Aaron Levie expressed optimism about Walia's insights aiding Box's market leadership and customer engagement as it enhances its Content Cloud platform.

Box, Inc. (NYSE:BOX) will announce its second quarter financial results for the period ending July 31, 2022, after market close on August 24, 2022. Management will discuss the results in a conference call at 2:00 p.m. PT on the same day. The event will be accessible via a live webcast through Box's investor relations website, where a replay will also be available until August 31, 2022. The company continues to be a leader in the Content Cloud sector, enabling organizations to manage their content lifecycle securely.

Box, Inc. (NYSE:BOX) announces the passing of board member Kimberly Hammonds, a respected technology leader. Hammonds made significant contributions to Box and inspired women in technology through her leadership in IT strategy. Box's Board expressed condolences, highlighting her invaluable impact. In tribute, Box plans to donate to The Zoe Foundation, which Hammonds founded to support cancer patients through art. This loss marks a significant moment for the company, given Hammonds' influential role and legacy.

Box has announced a technology collaboration with FUJIFILM Business Innovation Corporation to enhance the integration of DocuWorks within Box's platform. This upgrade allows users to preview and search DocuWorks documents (.xdw) directly in Box, improving accessibility and efficiency for users in Asia-Pacific markets. The collaboration aims to streamline digital transformation, enabling secure access to documents anytime and anywhere. This seamless integration supports diverse work styles and enhances productivity by eliminating content silos while leveraging Box's robust security features.

Box, Inc. (NYSE:BOX) has achieved Authorized security status for StateRAMP, a cybersecurity framework for state and local government service providers. With support from the Los Angeles City Employees’ Retirement System, Box met all StateRAMP security requirements based on NIST standards. This authorization allows Box to offer its secure Content Cloud to government entities, enhancing their cybersecurity posture amidst rising threats from hybrid work environments. Key features include strong user authentication, zero-trust controls, and compliance tools to protect sensitive data.

Box (NYSE: BOX) has been selected by Clario to centralize both regulated and unregulated content for its 2,600 employees, enhancing collaboration and data security. Clario, renowned for its clinical trial technology, has completed over 19,000 trials and supported 70% of FDA approvals from 2019 to 2020. Box will streamline Clario's content management and improve workflow efficiency, integrating 12 different systems into one, while maintaining GxP compliance. This partnership signifies Box's growing presence in the life sciences sector.