Box publish its financial results for the third quarter of the current fiscal year




The company Box on Wednesday to publish its financial results for the third quarter of the fiscal year, which came to satisfying the expectations of the company, and beat some analysts’ expectations.

Enterprise cloud company said it achieved revenues amounted to $ 78.7 million, an increase of 38% from last year, it was Wall Street analysts expect to report revenues of $ 76.76 million.

The company published in the financial Benaha for access to more than 4,000 new customers during the quarter, making it the company’s database of customers rises to nearly 54,000 customers.

The company says its clients make up 55% of the order of Fortune 500 companies to the largest and most widespread, as the company currently has more than 41 million registered users have from all over the world.

The Dylan Smith, co-founder of the company and CFO in fiscal third-quarter report “that the company is on track to get out of the red zone by the end of the fourth quarter of the current financial world.”

Said Aaron Levy, chief executive of the company that the company will continue its work in pushing its platform and submit bids to ensure the continuation of its own brand in the Silicon Valley, and the company will work on trying to attract organizations and businesses and industries more.

Levy wrote, “The companies in every industry to move and transfer their content to the cloud by investing in modern programs that accelerate employee productivity and the replacement of old systems.”

Wall Street analysts expect that the company achieved 80.82 million of revenue during the current fourth quarter, while Box pointed to expect to achieve revenues of between 81 million and $ 82 million in the current quarter.

While the company raised its financial forecast for the full year 2016, Search said it expects to achieve revenues between $ 299 million and $ 300 million.


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