Box’s Levie touts positive cash flow

Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1 percent by late afternoon.

Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a beat at $109.9 million, versus the $108.9 million predicted, and a 29 percent increase from the same period last year.

The company celebrated its first quarter as a free cash flow (FCF) positive business, with CEO Aaron Levie characterizing this as an “inflection point” in a call with TechCrunch. FCF was $10.2 million for the quarter, which they say is a $30 million gain year-over-year.

But Wall Street was disappointed that Box cautioned its first-quarter earnings would likely lose 14 to 15 cents per share, worse than the negative 12 cents investors are watching for.

DFJ investor Josh Stein, a longtime investor in Box, took to Twitter to defend the company’s growth, while also taking a shot at competitor Dropbox.

On the call with TechCrunch, Levie didn’t criticize the competition, but was happy to point to Box’s favorable performance in the stock market in the past year. Shares are up more than 50 percent from the same time in 2016.

 Commenting on today’s after-hours stock movements, Levie said it’s “hard to look into the daily trading and read too much into it.”

The company is going to be focused on international growth in 2017, with Levie referencing Australia, Canada, Japan and Europe. Box’s enterprise customer base already includes 71,000 clients.

An all new Box Notes, a note-taking and productivity platform, was unveiled in the quarter. They also announced new integrations with Microsoft Office. They’ve been partnering with major telecommunications providers like AT&T, and will be adding more partnerships in that category, said Levie.

Security and compliance remain key focus areas for the company, as well as artificial intelligence and machine learning.

admin

Related Posts

Xiaomi India’s Christmas offers detailed; new launch expected on December 15th

Comments Off on Xiaomi India’s Christmas offers detailed; new launch expected on December 15th

PUBG Mobile Gameplay Management System Rolling Out Worldwide to Promote Healthy Gaming Behaviour

Comments Off on PUBG Mobile Gameplay Management System Rolling Out Worldwide to Promote Healthy Gaming Behaviour

Gears of War 4 Cross-Platform Multiplayer Trial for Xbox One, Windows 10 Is This Weekend

Comments Off on Gears of War 4 Cross-Platform Multiplayer Trial for Xbox One, Windows 10 Is This Weekend

OnePlus 2 Hard Graft Wild Phone leather case now available in India

Comments Off on OnePlus 2 Hard Graft Wild Phone leather case now available in India

Shilpa Shetty and Raj Kundra introduce Viaan Mobiles, launch a feature phone and four smartphones

Comments Off on Shilpa Shetty and Raj Kundra introduce Viaan Mobiles, launch a feature phone and four smartphones

The Homeowner’s Guide to Protecting and Maintaining Solar Panels

Comments Off on The Homeowner’s Guide to Protecting and Maintaining Solar Panels

Google Gives Google+ Some Nips and Tucks

Comments Off on Google Gives Google+ Some Nips and Tucks

Use Nintendo Switch controllers with the NES Classic with this adapter

Comments Off on Use Nintendo Switch controllers with the NES Classic with this adapter

Release Your Inner Hero with Mobile Tower Defense Games

Comments Off on Release Your Inner Hero with Mobile Tower Defense Games

Software  Testing Administrations – Best Practices

Comments Off on Software  Testing Administrations – Best Practices

PS4 System Software Update 4.50 to Add External Hard Drive Support

Comments Off on PS4 System Software Update 4.50 to Add External Hard Drive Support

Microsoft schedules Build 2016 developer conference between March 29th and April 1st

Comments Off on Microsoft schedules Build 2016 developer conference between March 29th and April 1st

Create Account



Log In Your Account