Box reports Q1 EPS 30c, consensus 26c

Reports Q1 revenue $276.3M, consensus $274.8M. “We are at a pivotal moment in history where AI is revolutionizing work and business,” said Aaron Levie, co-founder and CEO of Box (BOX). “In this AI-first era, organizations are embracing this shift to stay competitive. At Box, we help businesses unlock value from their unstructured data with our Intelligent Content Management platform. Earlier this month, we unveiled our largest set of AI innovation yet, including new AI Agents that integrate with the leading models and software platforms to accelerate decision-making, automate workflows, and boost productivity. We achieved robust first-quarter results, surpassing our guidance and delivering double-digit growth in both billings and short-term RPO. As we address the vast opportunity of AI to transform unstructured data into actionable insight, our balanced financial approach allows us to invest confidently in our ICM platform while delivering profitable growth and consistently returning value to our shareholders.”