Box Reports Q2 2027 Earnings with Strong Revenue and Billings Growth
Box (BOX) reported second-quarter earnings for fiscal year 2027, showing revenue of $321.1 million, a 9% increase from the previous year or 11% in constant currency. This growth was driven by adoption of its Enterprise Advanced offering. Billings reached $309.5 million, up 17%, with strong booking performance during the quarter. The company exceeded non-GAAP earnings per share expectations at $0.40 despite a foreign exchange headwind. Box also improved its net retention rate to 106% and reported remaining performance obligations of $1.7 billion, expected to be recognized over the next year. The firm raised full-year revenue guidance to approximately $1.29 billion due to continued growth in billings and customer base expansion. Box is transitioning toward Intelligent Content Management for AI applications while facing some infrastructure constraints affecting gross margins. Despite these challenges, it maintained a 3% annualized churn rate and reported strong free cash flow of $59.7 million.
Topics: billings capital_allocation free_cash_flow high-value_customers net_retention_rate non-gaap_eps operating_margin revenue rpo suites_revenue_mix