Box Q4 2022 Earnings Report
Key Takeaways
Box, Inc. announced strong financial results for the fourth quarter and fiscal year 2022. The company achieved revenue of $233.4 million, a 17% increase year-over-year. Box also delivered a combined revenue growth plus free cash flow margin outcome of 33% in fiscal 2022.
Revenue for the fourth quarter of fiscal year 2022 was $233.4 million, a 17% increase from revenue for the fourth quarter of fiscal year 2021 of $198.9 million.
Remaining performance obligations as of January 31, 2022, were $1.1 billion, a 19% increase from remaining performance obligations as of January 31, 2021 of $896.9 million.
Billings for the fourth quarter of fiscal year 2022 were $337.9 million, a 9% increase from billings for the fourth quarter of fiscal year 2021 of $310.1 million.
Non-GAAP operating income in the fourth quarter of fiscal year 2022 was $48.5 million, or 21% of revenue.
Box
Box
Forward Guidance
Box provides guidance for Q1 FY23 and full year FY23.
Positive Outlook
- Revenue is expected to be in the range of $233 million to $235 million, up 16% year-over-year at the high-end of the range.
- GAAP operating margin is expected to be approximately 1%, and non-GAAP operating margin is expected to be approximately 21%.
- GAAP basic and diluted net loss per share attributable to common stockholders are expected to be in the range of $0.05 to $0.04.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $0.24 to $0.25.
- Weighted-average basic and diluted shares outstanding are expected to be approximately 146 million and 152 million, respectively.