Box Q4 2021 Earnings Report
Key Takeaways
Box, Inc. announced preliminary financial results for the fourth quarter and full fiscal year ended January 31, 2021. Fourth quarter revenue was $198.9 million, an increase of 8% year-over-year. GAAP operating margin was negative 2%, up 13 percentage points year-over-year. Remaining performance obligations were $896.9 million, up 17% year-over-year.
Achieved a significantly stronger balance of growth and profitability.
Growing demand for products like Shield and Relay continues to accelerate adoption of bundled Suite offerings.
Expanded product portfolio with Box Sign, Box’s e-signature capability natively embedded in a cloud content management platform built for the enterprise.
Combined revenue growth plus free cash flow margin outcome of 26% in fiscal 2021, up from 13% a year ago.
Box
Box
Forward Guidance
Q1 FY22 Guidance: Revenue is expected to be in the range of $200 million to $201 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.06 to $0.05. Non-GAAP diluted net income per share is expected to be in the range of $0.16 to $0.17. Full Year FY22 Guidance: Revenue is expected to be in the range of $840 million to $848 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.25 to $0.20. Non-GAAP diluted net income per share is expected to be in the range of $0.76 to $0.81