{"id":3827,"date":"2017-03-02T01:52:09","date_gmt":"2017-03-02T01:52:09","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/boxs-levie-touts-positive-cash-flow.html"},"modified":"2017-03-02T01:52:09","modified_gmt":"2017-03-02T01:52:09","slug":"boxs-levie-touts-positive-cash-flow","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/boxs-levie-touts-positive-cash-flow.html","title":{"rendered":"Box\u2019s Levie touts positive cash flow"},"content":{"rendered":"


\n<\/p>\n

Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with\u00a0shares quickly plummeting in initial after-hours trading.\u00a0They mostly recovered, trading down just 1 percent by late afternoon.<\/p>\n

Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a beat at $109.9 million, versus the $108.9 million predicted, and a 29 percent increase from the same period last year.<\/p>\n

The company celebrated its first quarter as\u00a0a free cash flow (FCF) positive business, with CEO Aaron Levie characterizing this as an \u201cinflection point\u201d in a call with TechCrunch. FCF was $10.2 million for the quarter, which they say is a $30 million gain year-over-year.<\/p>\n

But Wall Street was disappointed that Box cautioned its first-quarter earnings would likely lose 14 to 15 cents per share, worse than the negative 12 cents investors are watching for.<\/p>\n

DFJ investor Josh Stein, a longtime investor in Box, took to Twitter to defend the company\u2019s growth, while also taking a shot at competitor Dropbox.<\/p>\n

\n

3\/ Now cash flow positive, Box has more than $200M in cash on its balance sheet.<\/p>\n

\u2014 Josh Stein (@dfjjosh) March 1, 2017<\/a><\/p>\n<\/blockquote>\n

\n

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5\/ As a public co, Box doesn\u2019t disclose run-rate\/ARR but it would logically be between Q4\u2019s (a) GAAP rev ($110M) and Q4 billings ($159M), x4<\/p>\n

\u2014 Josh Stein (@dfjjosh) March 1, 2017<\/a><\/p>\n<\/blockquote>\n

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On the call with TechCrunch, Levie didn\u2019t criticize the competition, but was happy to point to Box\u2019s favorable performance in the stock market in the past year. Shares are up more than 50 percent from the same time in 2016.<\/p>\n

Commenting on today\u2019s after-hours stock movements, Levie said it\u2019s \u201chard to look into the daily trading and read too much into it.\u201d<\/p>\n

The company is going to be focused on international growth in 2017, with Levie referencing Australia, Canada, Japan and Europe. Box\u2019s enterprise customer base already includes 71,000 clients.<\/p>\n

An all new Box Notes<\/a>, a note-taking and productivity platform, was unveiled in the quarter.\u00a0They also announced\u00a0new integrations with Microsoft Office. They\u2019ve been partnering with major telecommunications providers like ATT<\/a>, and will be adding more partnerships in that category, said Levie.<\/p>\n

Security and compliance\u00a0remain\u00a0key focus areas for the company, as well as\u00a0artificial intelligence and machine learning.<\/p>\n

<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/94s3-Jp9QRE\/<\/p>","protected":false},"excerpt":{"rendered":"

Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with\u00a0shares quickly plummeting in initial after-hours trading.\u00a0They mostly recovered, trading down just 1 percent by late afternoon. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-3827","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t