Box Q2 revenue slightly beats estimates on enterprise advanced adoption
BOX•Outlook
- Box expects Q3 revenue of $329 mln, up 9% yr-over-yr, including FX headwinds
- Company sees full-year FY27 revenue at $1.29 bln, up 10%, including FX headwinds
- Box expects full-year non-GAAP EPS of $1.54, including $0.09 FX headwind
Overview
- US content management platform's preliminary Q2 revenue rose 9%, a slight beat of analyst expectations
- Adjusted EPS for preliminary Q2 was in line with analyst expectations
- Company repurchased 2.6 mln shares for $66 mln during the quarter
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $321.1 mln | $319.33 mln (8 Analysts) |
| Q2 Adjusted EPS | Meet | $0.40 | $0.40 (9 Analysts) |
| Q2 Adjusted Operating income | $94.5 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result Drivers
- Enterprise advanced adoption - Co said rapid adoption of Enterprise Advanced offering was a key driver of growth, with revenue in constant currency accelerating for a fifth consecutive qtr
