Box, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 25, 2022 at 01:35 am IST
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Box, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported sales was USD 246.02 million compared to USD 214.49 million a year ago. Net income was USD 1.05 million compared to net loss of USD 8.7 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.08 a year ago.
For the six months, sales was USD 484.45 million compared to USD 416.93 million a year ago. Net loss was USD 3.65 million compared to USD 23.27 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago.
Box, Inc. provides a cloud content management platform that enables organizations of all sizes to securely manage cloud content while allowing easy, secure access and sharing of this content from anywhere, on any device. The Companyâs Software-as-a-Service platform, users can work with their content as they need from secure external collaboration and sharing, to workspaces and portals, to e-signature processes and content workflows improving employee productivity and accelerating business processes. It offers Web, mobile and desktop applications for the Content Cloud on a single platform, as well as the ability to develop custom applications. Its offerings include Box Sign, Box Shield, Box Relay, Box Zones, Box KeySafe, Box Governance, Box Notes, and Box Shuttle. Box Shield is an advanced security offering that helps customers reduce the risk of accidental content leakage and protect their business from insider threats and account compromise, as well as threat detection.
BOX, INC. 
