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Box, Inc. (NYSE: BOX), a leading content cloud platform, achieved fourth quarter revenue growth of 10% year-over-year (15% growth on a constant currency basis), with operating expenses increasing by 4. %.
Unadjusted net profit of $143.37 million, vs $8.65 million loss in Q4 2022. Unadjusted EPS $0.10, compared to last year’s loss of $0.06. Adjusted earnings increased to $0.37 per share from $0.24 per share last year.
“As expected, our Q4 net retention rate declined year-over-year, impacted by pressure from lower headcount growth and greater budget oversight of internal transformation initiatives,” Box CEO Aaron Levie said in a post-earnings conference call.
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Cash flow from operations of $92.2 million was higher than the $49.2 million reported in the prior year period. Capital lease payments came in at $11 million, down from $12 million in the fourth quarter last year. During the quarter, approximately 300,000 shares were repurchased for approximately $9 million. As a result, there has been a decline in total diluted shares of more than 3% since last Q4.
Previous Performance
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