Box releases transcript of fiscal 2027 second-quarter earnings call

Box repurchased 2,600,000 shares for about $66 million. Remaining buyback authorization was about $378 million.

• Billings: $310 million, up 17%
• Remaining performance obligations (RPO): $1.7 billion, up 15%
• About 55% of RPO is expected to convert to revenue within 12 months
• Full-year revenue outlook raised to about $1.29 billion
• Operating margin view maintained at about 28%
• EPS seen at about $1.54

Box held its second-quarter fiscal 2027 earnings call, led by CEO Aaron Levie and CFO Dylan Smith.

• Q2 revenue: $321 million, up 9% year over year
• Operating margin: 29.4%
• EPS: $0.40
• Net retention: 106%