Loading...
•
Jul 31, 2020
Box Q2 2021 Earnings Report
Reported revenue of $192 million, up 11% year-over-year, with improved operating margins and cash flow.
Key Takeaways
Box, Inc. announced strong Q2 results with revenue reaching $192.3 million, an 11% increase year-over-year. The company demonstrated progress in balancing growth and profitability, with significant improvements in operating margins and cash flow.
Revenue for the second quarter of fiscal year 2021 was $192.3 million, an increase of 11% from the second quarter of fiscal year 2020.
GAAP operating margin improved 1700 basis points year-over-year to negative 4%.
Non-GAAP operating margin up 1500 basis points year-over-year to 16%.
Free cash flow was $13.3 million, up $32.3 million year-over-year.
Forward Guidance
Box expects Q3 FY21 revenue to be in the range of $193 million to $195 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.10 to $0.08. Non-GAAP diluted net income per share is expected to be in the range of $0.13 to $0.15.
Positive Outlook
- Revenue is expected to be in the range of $193 million to $195 million.
- Non-GAAP diluted net income per share is expected to be in the range of $0.13 to $0.15.
- Full Year FY21 Revenue is expected to be in the range of $767 million to $770 million.
- Full Year FY21 Non-GAAP diluted net income per share is expected to be in the range of $0.56 to $0.60.
- Weighted-average basic and diluted shares outstanding are expected to be approximately 156 million and 163 million, respectively.
Challenges Ahead
- GAAP basic and diluted net loss per share are expected to be in the range of $0.10 to $0.08.
- Full Year FY21 GAAP basic and diluted net loss per share are expected to be in the range of $0.39 to $0.35.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...