Box Beats Q2 Earnings Estimates, Shares Climb On 'Strong' AI Momentum

Box Inc (NYSE:BOX) reported financial results for the second quarter after the market close on Tuesday. Here’s a rundown of the intelligent content management platform company’s report.

Q2 Revenue: $294 million, versus estimates of $290.78 million

Q2 Adjusted EPS: 33 cents, versus estimates of 31 cents

BOX is holding steady in today’s choppy market. See what is happening here.

Total revenue was up 9% on a year-over-year basis. Billings were up 3% year-over-year to $264.9 million in the quarter. Box said it ended the period with remaining performance obligations of $1.5 billion, up 16% year-over-year.

The company generated $46 million in operating cash flow and $35.7 million in free cash flow during the second quarter. ...