Box Beats Q2 Income estimates, Climbing shares on ‘Strong’ Ai Momentum – Box (NYSE: Box)

Box Inc BOX Reported financial results for the second quarter after the market on Tuesday. Here is an overview of the report of the Intelligent Content Management Platform Company.

• Q2 Income: $ 294 million, versus estimates from $ 290.78 million

• Q2 Custom EPS: 33 cents, versus estimates of 31 cents

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The total turnover increased by 9% on an annual basis. Billings rose 3% on an annual basis from year to $ 264.9 million in the quarter. Box said that it ended the period with remaining performance obligations of $ 1.5 billion, an increase of 16% on an annual basis.

The company generated $ 46 million in operational cash flow and $ 35.7 million in free cash flow during the second quarter. Box ended the quarter of around $ 657.83 million in total cash and cash equivalents.

“With the Intelligent Platform of Box, Enterprises can finally use AI agents to fully benefit from their unstructured data,” said AARON LEVIECo-founder and CEO of Box.

“In the second quarter we continued to see a strong momentum with Enterprise Advanced, which delivers intelligent workflow automation, advanced AI, powerful AI agents and secure content management in one plan.”

Outlook: Box expects the turnover of the third quarter in the reach of $ 298 million to $ 299 million versus estimates of $ 297.47 million. The company sees the adjusted income of this quarter from 31 cents to 32 cents per share versus estimates of 32 cents per share.

Box increased its financial year 2026 turnover guidance from $ 1,165 billion to $ 1.17 billion to a new range of $ 1.17 billion to $ 1,175 billion versus estimates of $ 1,172 billion. The company also increased its full adapted profit guidance from a range of $ 1.22 to $ 1.26 per share to a new range from $ 1.26 to $ 1.28 per share versus estimates of $ 1.34 per share.

“In this first era we double on our intelligent platform for content management and we will continue to perform on our innovative product trout map while we form the future of the work,” said Levie.

The Box management team will discuss the quarter on a profit call before 5 pm et.

Box Price Promotion: Box -shares rose by 3.43% in after-URS, according to $ 32.23 at the time of publication on Tuesday, according to Petrol.

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