REDWOOD CITY, Calif. - Box, Inc. (NYSE:BOX), a leader in cloud content management, reported a successful first quarter for fiscal year 2025, surpassing analyst expectations with an earnings per share (EPS) of $0.39, $0.03 higher than the estimated $0.36.
The company's revenue also exceeded forecasts, coming in at $264.7 million against the consensus estimate of $262.18 million, marking a 5% increase from the same quarter last year.
The company's adjusted operating margin stood at an impressive 26.6%, outperforming guidance, while GAAP operating margin was reported at 6.8%. Cash flow from operations grew by 5% year-over-year (YoY) to $131 million and adjusted free cash flow saw a significant 14% YoY increase to $123 million.
Box's CEO, Aaron Levie, attributed the strong quarter to the company's innovative approach to content management and AI, stating, "With the power of AI, the role of unstructured data in enterprises has exploded and the Box Intelligent Content Cloud is in a prime position to help companies fully tap into the value of their content."
CFO Dylan Smith also highlighted the company's commitment to revenue growth alongside cost savings and operating margin expansion.
Looking ahead, Box's guidance for the second quarter of fiscal 2025 anticipates EPS to be between $0.40 and $0.41, slightly above the analyst consensus of $0.39. However, revenue guidance for the same period is projected to be between $268 million and $270 million, which is below the expected $271.6 million.
For the full fiscal year 2025, Box forecasts EPS in the range of $1.54 to $1.58, aligning with the lower end of the consensus of $1.58, and revenue guidance is set at $1.075 billion to $1.08 billion, just shy of the analyst expectation of $1.083 billion.
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