BOX - Box Non-GAAP EPS of $0.23 misses by $0.02 revenue of $238.43M beats by $3.95M

Box press release (NYSE:BOX): Q1 Non-GAAP EPS of $0.23 misses by $0.02. Revenue of $238.43M (+17.8% Y/Y) beats by $3.95M. GAAP Operating Margin of Breakeven, Non-GAAP Operating Margin of 21%. Billings for the first quarter of fiscal year 2023 were $172.2 million, an 8% increase from billings for the first quarter of fiscal year 2022 of $159.4 million. Non-GAAP gross profit for the first quarter of fiscal year 2023 was $182.0 million, or 76.3% of revenue. Non-GAAP operating income in the first quarter of fiscal year 2023 was $49.2 million, or 20.6% of revenue. Q2 FY23 Guidance: Revenue is expected to be in the range of $244 million to $246 million, up 15% year-over-year at the high-end of the range. GAAP operating margin is expected to be approximately 2.5%, and non-GAAP operating margin is expected to be approximately 22%. Non-GAAP diluted net income per share attributable to common stockholders is expected

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Box Non-GAAP EPS of $0.23 misses by $0.02, revenue of $238.43M beats by $3.95M