Box announces strong financial figures, raises forecast
Enterprise cloud storage provider Box has announced first quarter revenue figures of $65.6 million, a 45% increase year over year.
The company noted billings of $69.8m for the first quarter of fiscal 2016 and a non-GAAP operating loss of $32.6m – 50% of revenue. This contrasts with first quarter of fiscal 2015, whereby non-GAAP operating loss was 69% of revenue. GAAP operating loss for this quarter was at 71% of revenue, compared to the previous year’s 83%.
Box also gave an...