BOX - Box Non-GAAP EPS of $0.37 beats by $0.03 revenue of $256.4M in-line

• Box press release ( NYSE: BOX ): Q4 Non-GAAP EPS of $0.37 beats by $0.03 .
• Revenue of $256.4M (+9.9% Y/Y) in-line.
• Billings for the fourth quarter of fiscal year 2023 were $357.1 million, a 6% increase from billings for the fourth quarter of fiscal year 2022 of $337.9 million, or 9% growth on a constant currency basis.

• Q1 FY24 Guidance

  • Revenue is expected to be in the range of $248 million to $250 million, up 5% year-over-year at the high end of the range, or 10% growth on a constant currency basis.
  • GAAP operating margin is expected to be approximately 0.5%, and non-GAAP operating margin is expected to be approximately 21%.
  • GAAP net loss per share attributable to common stockholders is expected to be in the range of $0.04 to $0.03. GAAP EPS guidance includes an expected negative impact of $0.06 from unfavorable foreign exchange rates.
  • Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $0.26 to $0.27. Non-GAAP EPS guidance includes an expected negative impact of $0.06 from unfavorable foreign exchange rates.
  • Weighted-average basic and diluted shares outstanding are expected to be approximately 145 million and 154 million, respectively.
  • Revenue consensus of $260.24M, non-GAAP EPS of $0.31

  Full Year FY24 Guidance

  • Revenue is expected to be in the range of $1.050 billion to $1.060 billion, up 7% year-over-year at the high end of the range, or 10% growth on a constant currency basis.
  • GAAP operating margin is expected to be approximately 4.5%, and non-GAAP operating margin is expected to be approximately 25%.
  • GAAP net income per share attributable to common stockholders is expected to be in the range of $0.17 to $0.23. FY24 GAAP EPS guidance includes an expected negative impact of $0.14 from unfavorable foreign exchange rates.
  • Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $1.42 to $1.48. FY24 Non-GAAP EPS guidance includes an expected negative impact of $0.14 from unfavorable foreign exchange rates.
  • Weighted-average basic and diluted shares outstanding are expected to be approximately 145 million and 153 million, respectively.
  • Revenue consensus of $1.10B, non-GAAP EPS of $1.47

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