Box Reports Record Revenue of $148 Million, Up 21 Percent Year-Over-Year for Fiscal Second Quarter 2019
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Box (BOX) Tops Q2 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue Outlook
August 28, 2018 4:10 PM EDTBox (NYSE: BOX) reported Q2 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $148.2 million versus the consensus estimate of $146.54 million.
Revenue for the second quarter of fiscal 2019 was a record $148.2 million, an increase of 21% (ASC 606 in fiscal 2019 compared to ASC 605 in fiscal 2018) and 23% (ASC 605 in fiscal 2019 compared to ASC 605 fiscal 2018) from the second quarter of fiscal 2018.Deferred revenue as of July 31, 2018 was $301.5 million, an increase of 25% (ASC 606 to ASC 605) and 27% (ASC 605 to ASC 605) from July 31, 2017.Billings for the second quarter of fiscal 2019 were... More