Box Beats Forecasts For Third Quarter, Raises Full-Year Guidance

▤ Summary

Box earnings reported after the market close Wednesday beat forecasts on the top and bottom lines as the company raised revenue guidance for the year.It posted revenue of $155.9 million, beating the consensus estimate of $154.6.The Redwood City, Calif.-based company is a pioneer in the field of cloud-based business-collaboration services and content management.Box held its initial public offering in January 2015, pricing shares at 14."In the third quarter, we delivered solid revenue growth and continued to drive operational efficiencies, and were on track to deliver our first quarter of non-GAAP profitability in Q4," Dylan Smith, co-founder and chief financial officer, said in a news release .

▦ Linked Companies