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Oct 31, 2020
Box Q3 2021 Earnings Report
Box reported strong third quarter results, demonstrating the ability to deliver profitable growth with significant improvements in operating margins and cash flow.
Key Takeaways
Box, Inc. reported revenue of $196 million for the third quarter of fiscal year 2021, an increase of 11% year-over-year. The company's focus on efficient growth resulted in improved operating margins and cash flow. Strategic deals with leading organizations and growing demand for products like Shield and Relay contributed to the company's success.
Revenue for the third quarter of fiscal year 2021 was $196.0 million, an increase of 11% from the third quarter of fiscal year 2020.
Remaining performance obligations as of October 31, 2020 were $755.9 million, an increase of 19% from the third quarter of fiscal year 2020.
GAAP operating loss in the third quarter of fiscal year 2021 was $2.6 million, or 1% of revenue, compared to a GAAP operating loss of $39.2 million, or 22% of revenue, in the third quarter of fiscal year 2020.
Non-GAAP operating income in the third quarter of fiscal year 2021 was $35.2 million, or 18% of revenue, compared to a non-GAAP operating loss of $0.5 million, or 0% of revenue, in the third quarter of fiscal year 2020.
Forward Guidance
Q4 FY21 Guidance: Revenue is expected to be in the range of $196 million to $197 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.08 to $0.06. Non-GAAP diluted net income per share is expected to be in the range of $0.16 to $0.18.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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