Box Inc. (NYSE: BOX) is an American “SaaS” internet company based out of California.
The company primarily provides cloud-based services that make content management and file sharing easier for individuals and businesses alike.
In BOX’s latest quarter, the firm reported earnings per share of $0.22 versus the $0.17 anticipated by analysts who cover the stock.
Revenue for the quarter was $199 million, topping the consensus of $196 million.
During the quarter, BOX grew its free cash flow by 21% to $41 million. The company’s operating margins increased to 18% as well.
As demand for cybersecurity, digital workflow management, and e-signature software grows, BOX could benefit from a steady increase in revenue for years to come.
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