Box Inc (NYSE:BOX) shares are trading higher in Tuesday’s after-hours session on the heels of the company’s quarterly results. Here’s a rundown of the report and a look at what’s driving shares higher after hours.
Q4 Revenue: $262.88 million, missed estimates of $262.97 million
Q4 EPS: 42 cents, beat estimates of 38 cents
Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. The remaining performance obligations totaled $1.305 billion as of Jan. 31.
Net cash provided by operating activities was $89.3 million in the fourth quarter. Free cash flow came in at $81.8 million, up 10% year-over-year.
“With advancements in AI, companies are accelerating their adoption of the cloud and transforming how they work with their content,” said Aaron Levie, …
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