Wednesday, August 31, 2016

Box Posts Q2 Revenue of $95.7 Million, Up 30% Year-Over-Year

Box posted Q2 2017 revenue of $95.7 million, an increase of 30% from the second quarter of fiscal 2016. GAAP operating loss in the second quarter of fiscal 2017 was $37.9 million, or 40% of revenue. This compares to GAAP operating loss of $49.8 million, or 68% of revenue, in the second quarter of fiscal 2016.


"Our strong second quarter results, with revenue growth of 30 percent and billings growth of 34 percent year-over-year, reflect our clear differentiation as the leading enterprise content platform," said Aaron Levie, co-founder and CEO of Box. "Our excellent sales execution and traction with new products drove deals with 4,000 new customers and expanded deployments with leaders such as Pfizer, Electronic Arts and Uber.”

During Q2, Box added over 4,000 paying new customers, and added or significantly expanded deployments with leading enterprises like Pfizer, Autodesk, Electronic Arts, the Federal Communications Commission, London Met University, Perkins+Will Global, Telegraaf Media Groep, Western Union, Uber, and more.  

Box grew its paying customer base to 66,000 businesses.

http://www.box.net

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