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Box Reports Q1 EPS Miss While Revenue Beat and Provides Outlook

Published 25/05/2022, 22:32
© Reuters.
BOX
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By Davit Kirakosyan

Box Inc (NYSE:BOX) reported its Q1 results, with EPS of $0.23 coming in worse than the consensus estimate of $0.25. Revenue grew 18% year-over-year to $238.4 million, above the consensus estimate of $234.56 million, representing the fifth consecutive quarter of accelerating revenue growth.

The remaining performance obligations grew 16% year-over-year to $1.0 billion. Billings grew 8% year-over-year to $172.2 million.

The company expects Q2/23 EPS in the range of $0.27-$0.28, compared to the consensus of $0.27, and revenue in the range of $244-246 million, compared to the consensus of $243.7 million.

For the full 2023-year, the company expects EPS in the range of $1.11-$1.15, compared to the consensus of $1.13, and revenue in the range of $992-996 million, compared to the consensus of $993.5 million.

Box shares are flat year-to-date.

 

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