Box reports Q3 EPS 31c, consensus 31c

Reports Q3 revenue $301M, consensus $298.9M. Reports Q3 Remaining performance obligations (“RPO”) of $1.5B, up 18%, or 19% on a constant currency basis. Short-term RPO of $837 million, up 14%, and long-term RPO of $680 million, up 25%. Billings of $296.0 million, up 12% as reported and on a constant currency basis. “Our strong third quarter performance proves how quickly enterprises are embracing Box (BOX) as their AI-powered Intelligent Content Management platform,” said Aaron Levie, co-founder and CEO of Box. “Enterprises want one platform that brings together security, compliance, collaboration and AI. The power of Box is that customers can have a single agentic platform for managing and working with their unstructured data, leverage all of the leading AI models, and have integration across their tech stack.”