Results – revenue $102.8M (+30.7% Y/Y, $2.16M above estimates), EPS -$0.14 ($0.05 above estimates), deferred revenue $192.6M (+36% Y/Y), cash flow from operations +$10.5M Y/Y, billings $112.4M (+26% Y/Y), operating loss $17.3M (vs. $37.9M loss Y/Y), net cash used in operating activities $6.8M (vs. $17.3M Y/Y), free cash flow -$10.9M (vs. -$37.8M Y/Y)
Q4 projections – revenue $108M-$109M (consensus $108.75M), EPS -$0.14 to -$0.13 (consensus -$0.16)
FY 2017 projections – revenue $397M-$398M (prior $394M-$396M, consensus $395.17M), EPS -$0.60 to -$0.59 (prior -$0.69 to -$0.67, consensus -$0.68)
Box (NYSE:BOX) co-founder and CEO Aaron Levie: "We reached a significant milestone with our first $100 million quarter. We also hosted our most successful BoxWorks to date and announced a new strategic partnership with Google. With our track record of product innovation and continued momentum with new and existing customers, Box is uniquely positioned to help businesses modernize how they manage information and transform how they work."