Box Reports Q2 Non-GAAP EPS in Line with Estimates and Revenue Beats Expectations
Box Inc (NYSE:BOX) reported second-quarter financial results that met expectations for non-GAAP earnings per share while exceeding revenue forecasts. The company posted a non-GAAP EPS of $0.40, matching analyst estimates. Total revenue came in at $321.15 million, up 9.2% year-over-year and surpassing the expected figure by approximately $2.06 million. Looking ahead, Box provided guidance for Q3 FY27 with projected revenue of around $329 million, slightly above the consensus estimate of $324.47 million. The company expects a 9% year-over-year growth in revenue or an 11% increase on a constant currency basis. However, it also noted potential headwinds that could affect performance. The results reflect continued momentum for Box's cloud storage and collaboration services despite ongoing market challenges.
Topics: financial results guidance revenue growth